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Zhongtian Construction (Hunan) Group Limited ( (HK:2433) ) has provided an update.
Zhongtian Construction (Hunan) Group Limited has issued a profit warning, indicating an expected net loss between RMB20.0 million and RMB30.0 million for the year ending December 31, 2024, compared to a net profit of RMB46.0 million in the previous year. This anticipated financial downturn is attributed to decreased revenue due to an economic slowdown and further impairments on financial and contract assets caused by prolonged settlement periods from customers. The company’s final results are pending and will be disclosed by the end of March 2025.
More about Zhongtian Construction (Hunan) Group Limited
Zhongtian Construction (Hunan) Group Limited is a company incorporated in the Cayman Islands, operating in the construction industry. It focuses on providing construction services and managing contract assets.
YTD Price Performance: -21.54%
Average Trading Volume: 1,819,137
Technical Sentiment Signal: Buy
Learn more about 2433 stock on TipRanks’ Stock Analysis page.