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An update from Shanghai Industrial Urban Development Group Ltd ( (HK:0563) ) is now available.
Shanghai Industrial Urban Development Group Ltd announced its audited consolidated results for the year ended December 31, 2024, revealing a significant revenue increase of 56.4% to HK$12.44 billion compared to the previous year. However, the company reported a loss attributable to owners of HK$331.19 million, a stark contrast to the profit of HK$494.57 million in 2023, primarily due to a substantial drop in gross profit margin and fair value losses on investment properties. The announcement also included changes in the composition of board committees, which could impact the company’s strategic direction and governance.
More about Shanghai Industrial Urban Development Group Ltd
Shanghai Industrial Urban Development Group Ltd operates in the real estate industry, focusing on urban development projects. The company primarily engages in property development, investment, and management, with a market focus on urban infrastructure and residential projects.
YTD Price Performance: -10.81%
Average Trading Volume: 1,685,799
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.58B
Learn more about 0563 stock on TipRanks’ Stock Analysis page.