An announcement from Zhenro Properties Group Limited ( (HK:6158) ) is now available.
Zhenro Properties Group Limited reported a significant decline in its financial performance for the year ended December 31, 2024. The company experienced a 56.3% decrease in contracted sales, amounting to RMB6,729.0 million, and a reduction in revenue to RMB33,416.9 million from the previous year. Despite a decrease in losses attributable to owners, the company still reported a substantial loss of RMB6,829.8 million. The company’s land bank also decreased to 9.95 million square meters from 12.98 million square meters, indicating a contraction in its operational capacity. These results reflect ongoing challenges in the real estate market and could have significant implications for stakeholders, including potential impacts on future growth and investment strategies.
More about Zhenro Properties Group Limited
Zhenro Properties Group Limited is a real estate company incorporated in the Cayman Islands, primarily engaged in property development and sales. The company operates through its subsidiaries and joint ventures, focusing on residential and commercial property markets.
Average Trading Volume: 9,947
Technical Sentiment Signal: Buy
Current Market Cap: €26.02M
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