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Tianjin Construction Development Group Reports FY2024 Results with Revenue Decline

Story Highlights
  • Tianjin Construction offers comprehensive construction services in Tianjin, China.
  • The company reported a 5.3% revenue decline for FY2024 with ongoing projects worth RMB513.7 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Tianjin Construction Development Group Co., Ltd. Class H ( (HK:2515) ) has provided an update.

Tianjin Construction Development Group Co., Ltd. announced its audited consolidated results for the fiscal year 2024, reporting a revenue of approximately RMB302.5 million, a decrease of 5.3% from the previous year. The company conducted 39 construction projects during the year and had 47 ongoing projects by the end of 2024, with a total contract amount of approximately RMB513.7 million. Despite the revenue decline, the company continues to focus on delivering quality construction services, leveraging its proprietary Jiexiao System.

More about Tianjin Construction Development Group Co., Ltd. Class H

Tianjin Construction Development Group Co., Ltd. is a construction group based in Tianjin, China, offering comprehensive construction services. The company focuses on municipal public construction works, foundation works, building construction-related works, and petrochemical engineering works. Its clientele includes government authorities, state-owned enterprises, and private enterprises. The company is committed to quality construction services through its self-developed Jiexiao System, a comprehensive construction management software.

YTD Price Performance: 37.31%

Average Trading Volume: 211,824

Technical Sentiment Signal: Strong Buy

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