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An announcement from Zhongtian Construction (Hunan) Group Limited ( (HK:2433) ) is now available.
Zhongtian Construction (Hunan) Group Limited reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s revenue from construction contracts decreased by 52.3% to RMB930.8 million, and it recorded a net loss of RMB26.4 million, compared to a net profit of RMB46.0 million in the previous year. The gross profit margin also fell from 10.9% to 7.6%, indicating challenges in maintaining profitability. This downturn reflects difficulties in the construction sector, potentially impacting stakeholders’ confidence and the company’s market position.
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. The company primarily engages in construction contracts, focusing on delivering various construction services.
YTD Price Performance: -25.37%
Average Trading Volume: 1,803,607
Technical Sentiment Signal: Buy
Find detailed analytics on 2433 stock on TipRanks’ Stock Analysis page.