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Ronshine China Holdings Ltd. ( (HK:3301) ) has issued an announcement.
Ronshine China Holdings Ltd. has issued a profit warning, indicating a significant increase in net loss for the year ending December 31, 2024, compared to the previous year. The anticipated loss, ranging from RMB11.0 billion to RMB13.0 billion, is attributed to decreased revenue from property deliveries and increased impairment provisions. Stakeholders are advised to exercise caution as the final results, expected by March 31, 2025, may differ from preliminary assessments.
More about Ronshine China Holdings Ltd.
Ronshine China Holdings Ltd. is a company incorporated in the Cayman Islands, primarily operating in the real estate industry. The company, along with its subsidiaries, associates, and joint ventures, focuses on property development and sales, with a significant market presence in China.
YTD Price Performance: -22.37%
Average Trading Volume: 6,297,670
Technical Sentiment Signal: Buy
Current Market Cap: HK$496.6M
See more insights into 3301 stock on TipRanks’ Stock Analysis page.