Stock Analysis
- China
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- Real Estate
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- SHSE:600340
China Fortune Land Development First Quarter 2024 Earnings: CN¥0.49 loss per share (vs CN¥0.19 profit in 1Q 2023)
China Fortune Land Development (SHSE:600340) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.33b (down 77% from 1Q 2023).
- Net loss: CN¥1.93b (down by 361% from CN¥738.2m profit in 1Q 2023).
- CN¥0.49 loss per share (down from CN¥0.19 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Fortune Land Development shares are up 2.5% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for China Fortune Land Development that you should be aware of.
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About SHSE:600340
China Fortune Land Development
Engages in the investment, development, construction, and operation of new industrial cities and commercial real estate in China, Indonesia, and internationally.
Slightly overvalued with imperfect balance sheet.