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Redsun Properties Group Ltd. ( (HK:1996) ) has provided an update.
Redsun Properties Group Ltd. reported a significant decrease in its financial performance for the first half of 2025, with contracted sales reaching RMB2.870 billion and revenue dropping by 54.8% compared to the same period in 2024. The company experienced a net loss of RMB2,320.6 million, and the Board decided not to recommend any interim dividend. The results indicate ongoing challenges in the market, impacting the company’s financial stability and stakeholder returns.
More about Redsun Properties Group Ltd.
Redsun Properties Group Ltd. is a company incorporated in the Cayman Islands, operating primarily in the real estate industry. It focuses on property development, commercial operations, and hotel operations.
YTD Price Performance: -32.31%
Average Trading Volume: 719,185
Technical Sentiment Signal: Sell
Current Market Cap: HK$142.5M
For a thorough assessment of 1996 stock, go to TipRanks’ Stock Analysis page.