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Redsun Properties Group Ltd. ( (HK:1996) ) has provided an update.
Redsun Properties Group Ltd. has issued a profit warning, indicating an expected net loss between RMB2,000 million and RMB2,500 million for the first half of 2025. This increase in net loss compared to the previous year is attributed to a decrease in project deliveries and low gross profit margins, along with significant losses from joint ventures and associates.
More about Redsun Properties Group Ltd.
Redsun Properties Group Ltd. is a company incorporated in the Cayman Islands, operating in the real estate industry. The company focuses on property development and management, delivering various real estate projects.
YTD Price Performance: -29.23%
Average Trading Volume: 673,420
Technical Sentiment Signal: Sell
Current Market Cap: HK$155.8M
Find detailed analytics on 1996 stock on TipRanks’ Stock Analysis page.