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An announcement from Zhenro Properties Group Limited ( (HK:6158) ) is now available.
Zhenro Properties Group Limited has issued a profit warning, expecting a significant increase in losses for the first half of 2025 compared to the same period in 2024. The anticipated loss, ranging from RMB6,400 million to RMB6,600 million, is attributed to a sharp decline in project deliveries, increased finance costs, and substantial impairment losses on properties and financial assets. This announcement highlights the challenging market conditions and operational difficulties faced by the company, potentially affecting stakeholder confidence.
More about Zhenro Properties Group Limited
Zhenro Properties Group Limited is a real estate company incorporated in the Cayman Islands, focusing on property development. The company is listed on the Hong Kong Stock Exchange and operates primarily in the Chinese market, offering residential and commercial properties.
YTD Price Performance: -32.84%
Average Trading Volume: 2,288,843
Technical Sentiment Signal: Sell
Current Market Cap: HK$192.2M
For an in-depth examination of 6158 stock, go to TipRanks’ Overview page.