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Times China Holdings ( (HK:1233) ) has issued an update.
Times China Holdings Limited has issued a profit warning, projecting a significant increase in net loss for the year ending December 31, 2024, estimated between RMB16.0 billion and RMB17.5 billion, compared to a net loss of RMB4.51 billion in 2023. This anticipated increase is attributed to a decrease in revenue and gross profit margins due to a weak real estate market in China, alongside increased impairments on property projects and other assets.
More about Times China Holdings
Times China Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. It focuses on property development and management, primarily in the Chinese market.
Technical Sentiment Signal: Buy
Current Market Cap: $75.68M
Learn more about 1233 stock on TipRanks’ Stock Analysis page.
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