Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Ronshine China Holdings Ltd. ( (HK:3301) ) has provided an update.
Ronshine China Holdings Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024. Contracted sales decreased by approximately 52.99%, and revenue dropped by 32.75% compared to the previous year. The company faced a substantial loss of RMB11,558.04 million, marking a 68.80% increase in losses from the previous year. The gearing ratio also rose sharply from 1.52 to 5.11, indicating increased financial leverage. These results highlight the challenging market conditions and financial pressures faced by the company, impacting its operations and stakeholder confidence.
More about Ronshine China Holdings Ltd.
Ronshine China Holdings Ltd. is a company incorporated in the Cayman Islands, operating primarily in the real estate industry. The company focuses on property development and sales, with a market presence in China.
YTD Price Performance: -28.00%
Average Trading Volume: 6,075,710
Technical Sentiment Signal: Buy
Current Market Cap: HK$454.5M
For a thorough assessment of 3301 stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue