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An update from Top Spring International Holdings Limited ( (HK:3688) ) is now available.
Top Spring International Holdings Limited reported an 8.4% increase in pre-sales of properties and car park units for the first half of 2025, totaling approximately HK$451.1 million. Despite this growth in pre-sales, the average selling price per square meter decreased significantly by 54.8% compared to the same period in 2024. The company’s revenue surged by 62.6% to HK$737.3 million, although it faced a gross loss margin of 2.6% and a substantial loss attributable to equity shareholders amounting to HK$746.5 million. The net gearing ratio increased to 84.7%, and no interim dividend was declared for the period.
More about Top Spring International Holdings Limited
Top Spring International Holdings Limited is a company incorporated in the Cayman Islands, operating primarily in the real estate industry. The company focuses on property development and investment, with a portfolio that includes shopping malls, community commercial centers, retail shops, offices, and car park units.
Average Trading Volume: 183,344
Technical Sentiment Signal: Sell
Current Market Cap: HK$572.2M
See more insights into 3688 stock on TipRanks’ Stock Analysis page.