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Express News | China Ting Group Holdings FY Revenue HKD 1,605.4 Million
Express News | China Ting Group Holdings FY Net Asset Value per Share HKD 0.75
Express News | China Ting Group Holdings FY Gross Profit HKD 290.4 Million
CHINA TING: ANNUAL RESULTSFOR THE YEAR ENDED 31 DECEMBER 2024
China Ting: Increase in Provision for Finished Goods Inventories, Fair Value Loss on Assets Hurt Results >3398.HK
CHINA TING (03398.HK) profit warning: anticipated net loss of 0.45 billion to 0.55 billion Hong Kong dollars in 2024.
On March 25, Grayscale reported that CHINA TING (03398.HK) announced that the group will continue to record a comprehensive loss attributable to equity holders of the company ranging from 0.45 billion to 0.55 billion Hong Kong dollars for the fiscal year 2024, compared to a net loss of 0.36 billion Hong Kong dollars for the year ending December 31, 2023. The net loss is mainly due to the following items: (a) fair value losses on the group's properties, factories and equipment, right-of-use assets, and investment properties; (b) the recognition of deferred tax liabilities arising from the revaluation of new investment properties in the second half of the fiscal year 2024; and (c) an increase in the provision for finished goods inventory.
China Ting Group Holdings Limited's (HKG:3398) 32% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio