Huijing Holdings forecasts significant deficit; trading remains suspended
Huijing Holdings Company Limited (HKEX:9968) has announced that it expects to record a total deficit of approximately RMB334.5 million for the year ended December 31, 2024. This represents a stark contrast to the RMB525.4 million equity recorded in the corresponding period of 2023. The expected shift is primarily attributed to a net loss of approximately RMB801.3 million. Key contributing factors include a decrease in revenue from approximately RMB941.2 million in 2023 to RMB240.9 million in 2024, driven by reduced delivery project area and lower unit prices. Additionally, the impairment provision for inventories increased from approximately RMB48.5 million to RMB144.4 million due to decreased land valuation, and finance costs rose from RMB178.4 million to RMB441.3 million due to increased loan balances and overdue interest. Trading of the company's shares remains suspended on the Main Board of the Stock Exchange since April 1, 2025, and will continue until further notice. The company advises shareholders and potential investors to exercise caution when dealing in the company's securities. The Group's annual results for the Year are expected to be published by 11 July 2025.
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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