FilingReader Intelligence

Kaisa Group announces losses, appoints independent director amid restructuring

March 31, 2025 at 05:10 PM UTCBy FilingReader AI

** Kaisa Group Holdings (HKEX: 1638) announced a challenging 2024, marked by declining revenue and increased losses. Revenue fell 55.8% year-over-year, with a corresponding 86% drop in gross profit. The loss attributable to owners of the Company reached RMB28,533.7 million. In light of these financial difficulties, the Board did not recommend a final dividend for the year.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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