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A-Living Smart City Services Co., Ltd. Class H ( (HK:3319) ) just unveiled an announcement.
A-Living Smart City Services Co., Ltd. has announced a significant increase in its expected credit loss for trade and other receivables, amounting to RMB4,329.3 million for the year ended December 31, 2024. This increase, largely due to the heightened credit risk from related and third-party entities in the property sector, represents a 709.5% rise compared to the previous year. The company has implemented a recovery plan, including changes in credit terms and cash collection procedures, to address the financial impact and improve transparency for shareholders and investors.
The most recent analyst rating on (HK:3319) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on A-Living Smart City Services Co., Ltd. Class H stock, see the HK:3319 Stock Forecast page.
More about A-Living Smart City Services Co., Ltd. Class H
A-Living Smart City Services Co., Ltd. is a company based in the People’s Republic of China, specializing in smart city services. It operates in the property management sector, focusing on providing comprehensive city services and solutions to enhance urban living.
YTD Price Performance: 0.46%
Average Trading Volume: 12,639,764
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$4.02B
For an in-depth examination of 3319 stock, go to TipRanks’ Overview page.