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The latest announcement is out from Yida China Holdings Ltd. ( (HK:3639) ).
Yida China Holdings Ltd. reported a significant decline in its unaudited interim financial results for the six months ending June 30, 2024. The company experienced a 57.6% drop in revenue compared to the same period in 2023, amounting to RMB667.07 million. Despite an increase in gross profit margin to 28.4%, the company recorded a net loss of RMB361.43 million, a substantial increase from the previous year’s loss of RMB42.24 million. The financial downturn reflects challenges in the real estate market, impacting the company’s operations and stakeholder interests.
More about Yida China Holdings Ltd.
Yida China Holdings Ltd. is a company incorporated in the Cayman Islands, operating in the real estate industry. The company is primarily focused on property development and management services, catering to various market segments within China.
Technical Sentiment Signal: Strong Buy
Current Market Cap: €29.5M
For detailed information about 3639 stock, go to TipRanks’ Stock Analysis page.