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Sunshine 100 China Holdings Ltd. ( (HK:2608) ) has issued an update.
Sunshine 100 China Holdings Ltd reported a challenging financial year ending December 31, 2024, with a revenue decrease of 4% to RMB2,018.8 million and a substantial increase in net losses by 82% to RMB5,798.0 million compared to 2023. The company faced significant financial setbacks due to gross losses on delivered properties, increased interest expenses, and impairment losses, which have impacted its market positioning and stakeholder confidence.
More about Sunshine 100 China Holdings Ltd.
Sunshine 100 China Holdings Ltd is a company incorporated in the Cayman Islands, primarily engaged in the real estate industry. It focuses on the development and sale of properties, with a significant land reserve of approximately 5.2 million square meters as of the end of 2024.
YTD Price Performance: -30.0%
Average Trading Volume: 4,493,099
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$35.71M
See more data about 2608 stock on TipRanks’ Stock Analysis page.