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An update from Zhongliang Holdings Group Company Limited ( (HK:2772) ) is now available.
Zhongliang Holdings Group Company Limited has issued a profit warning, expecting a loss of between RMB2.0 billion and RMB2.6 billion for the year 2024, a reduction from the previous year’s loss of RMB4.2 billion. This anticipated loss is attributed to decreased revenue from property sales, lower gross profit margins, and impairments on property projects due to ongoing challenges in China’s real estate market, partially offset by gains from offshore debt restructuring.
More about Zhongliang Holdings Group Company Limited
Zhongliang Holdings Group Company Limited is a real estate company incorporated in the Cayman Islands, primarily focused on property development and sales in China.
YTD Price Performance: 60.0%
Average Trading Volume: 32,500
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €49.93M
Learn more about 2772 stock on TipRanks’ Stock Analysis page.