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Redsun Properties Group Ltd. ( (HK:1996) ) has issued an update.
Redsun Properties Group Ltd. announced its annual results for the year ended December 31, 2024, reporting a decrease in revenue by 42.9% to RMB11,305.7 million compared to the previous year. Despite a reduction in net loss from RMB7,739.7 million in 2023 to RMB5,525.6 million in 2024, the company experienced a gross loss of RMB177.1 million. The announcement highlights the challenges faced by the company, including fair value losses on investment properties and significant finance costs, impacting its financial performance and market positioning.
More about Redsun Properties Group Ltd.
Redsun Properties Group Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the real estate industry. The company focuses on property development and sales, with a significant market presence in China.
Technical Sentiment Signal: Buy
Current Market Cap: €23.75M
See more insights into 1996 stock on TipRanks’ Stock Analysis page.