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Company leaders pledge to marshal resources carefully in 2024 as they strike a cautious tone about any potential recovery.
China's second-largest private property developer Longfor Group on Friday posted a 0.6% rise in first-half core profit, and said it would strive to boost profitability and return to positive cash...
Longfor Group: Shares of Longfor closed down 3.8%, versus a 2.1% decline in the Hang Seng Mainland Properties Index after it reported a 35% drop in revenue from a year earlier and its net gearing ratio rose 2 percentage points to 57%.
For two years, bad news has kept piling on for Chinese property developers. Now a new phenomenon is happening.
For two years, bad news has kept piling on for Chinese property developers. Now a new phenomenon is happening.