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Shanghai Industrial Urban Development Group Ltd ( (HK:0563) ) has provided an update.
Shanghai Industrial Urban Development Group Ltd has issued a profit warning, anticipating a significant increase in losses for the first half of 2025, with losses expected between HK$470 million and HK$530 million. This increase is attributed to a 45% decline in property sales revenue and a 50% to 60% drop in gross profits compared to the same period in 2024, primarily due to decreased sales and lower profit margins in their housing projects. The final interim results will be disclosed by the end of August 2025.
More about Shanghai Industrial Urban Development Group Ltd
Shanghai Industrial Urban Development Group Ltd is involved in the real estate industry, focusing on property development and sales. The company operates primarily in the commodity housing sector, delivering various housing projects.
Average Trading Volume: 2,524,886
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.63B
For a thorough assessment of 0563 stock, go to TipRanks’ Stock Analysis page.