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Zhongliang Holdings Group Company Limited ( (HK:2772) ) just unveiled an update.
Zhongliang Holdings Group Company Limited reported a significant decline in its financial performance for the year ended December 31, 2024. The company experienced a 47.5% decrease in contracted sales and a 40.4% drop in total revenue compared to the previous year. Despite these challenges, the company managed to reduce its net loss to RMB2.4 billion from RMB4.2 billion the previous year and completed an offshore debt restructuring. These results highlight the company’s ongoing efforts to stabilize its financial position amidst a challenging market environment.
More about Zhongliang Holdings Group Company Limited
Zhongliang Holdings Group Company Limited is a company incorporated in the Cayman Islands, primarily engaged in the real estate industry. The company focuses on property development and has operations involving subsidiaries, joint ventures, and associates.
YTD Price Performance: 70.0%
Average Trading Volume: 49,375
Technical Sentiment Signal: Buy
Current Market Cap: €48.88M
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