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Redco Healthy Living Company Limited ( (HK:2370) ) has shared an announcement.
Redco Healthy Living Company Limited has issued a profit warning, forecasting a net loss of up to RMB2.0 million for the first half of 2025, a significant decline from a net profit of RMB7.7 million in the same period of 2024. This downturn is attributed to reduced revenue from property management services due to a decrease in managed floor area, fewer projects delivered by its controlling shareholder Redco Properties, and lower sales of healthcare service cards. Additionally, the company faces increased impairment losses for trade receivables due to heightened credit risks in the real estate sector in China.
More about Redco Healthy Living Company Limited
Redco Healthy Living Company Limited operates in the property management and community healthcare services industry, focusing on providing property management services, value-added services to non-property owners, and community healthcare services. The company is primarily active in the People’s Republic of China, where it manages gross floor areas and offers healthcare service cards.
Average Trading Volume: 69,500
Technical Sentiment Signal: Sell
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