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Zhong An Group Reports 2024 Financial Results with Increased Gross Profit Amid Revenue Decline

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Zhong An Group Reports 2024 Financial Results with Increased Gross Profit Amid Revenue Decline

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Zhong An Group Limited ( (HK:0672) ) has shared an announcement.

Zhong An Group Limited announced its financial results for the year ended December 31, 2024, reporting a consolidated revenue of approximately RMB13,930.2 million, a decrease of 3.9% from the previous year. Despite the drop in revenue, the company’s gross profit increased by 49.8% to RMB2,284.9 million. However, the profit for the year decreased by 24.1% to RMB218.0 million. The company maintained a reasonable total gearing ratio of 67.2% and a net gearing ratio of 29.2%. The Group received several accolades from the PRC government and recognized authorities, reinforcing its position as a stable and valuable investment in the real estate sector.

More about Zhong An Group Limited

Zhong An Group Limited is a company incorporated in the Cayman Islands, operating in the real estate industry. It focuses on property development and services, with a market presence in China and Hong Kong. The company has been recognized with several awards, highlighting its financial stability and investment value.

YTD Price Performance: 60.0%

Average Trading Volume: 100,000

Technical Sentiment Signal: Sell

Current Market Cap: €112.4M

For detailed information about 0672 stock, go to TipRanks’ Stock Analysis page.

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