Shimao Property Holdings ( (HK:0813) ) has provided an announcement.
Shanghai Shimao Co., Ltd., a subsidiary of Shimao Group Holdings Limited, has announced its audited financial results for the year ending December 31, 2024. The company reported a substantial net loss of RMB 17 billion, an increase from the previous year’s loss, reflecting ongoing financial challenges. The results indicate significant operating and comprehensive losses, impacting both equity holders and minority shareholders, which may affect the company’s future financial strategies and stakeholder confidence.
More about Shimao Property Holdings
Shimao Property Holdings is a prominent company in the real estate sector, primarily involved in property development and investment. The company focuses on residential, commercial, and hotel properties, with a significant market presence in China.
YTD Price Performance: -19.23%
Average Trading Volume: 3,960
Technical Sentiment Signal: Buy
Current Market Cap: $448.5M
See more data about 0813 stock on TipRanks’ Stock Analysis page.