Times China Holdings ( (HK:1233) ) has issued an update.
Times China Holdings reported a significant financial downturn for the year ending December 31, 2024, with contracted sales dropping by 34.4% and revenue decreasing by 37.6% compared to the previous year. The company faced an annual loss of RMB16,870.9 million, marking a 288.3% increase from last year, despite efforts to control costs and expenses. The company managed to deliver over 30 projects with nearly 15,000 units during the year, indicating ongoing operational activity despite financial challenges.
More about Times China Holdings
Times China Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the real estate industry. It focuses on property development and sales, delivering numerous projects and residential units.
Technical Sentiment Signal: Buy
Current Market Cap: $75.66M
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