Powerlong Real Estate Reports 12.5% Revenue Growth and CFO Change

Powerlong Real Estate Holdings Ltd. ( (HK:1238) ) has shared an announcement.

Powerlong Real Estate Holdings Limited announced its annual results for the year ending December 31, 2024, reporting a 12.5% increase in revenue to approximately RMB25,757 million compared to the previous year. Additionally, the company experienced a 5.2% rise in rental income and income from commercial operational and residential property management services, totaling approximately RMB4,295 million. The announcement also included a change in the Chief Financial Officer position, indicating potential strategic shifts in the company’s financial management.

More about Powerlong Real Estate Holdings Ltd.

Powerlong Real Estate Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. It focuses on property development, commercial operational services, and residential property management, with a market presence in China.

YTD Price Performance: -13.48%

Average Trading Volume: 2,435,935

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.59B

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