QINGDAO HLDGS released its annual performance, with a loss attributable to shareholders of RMB 15.312 million, a year-on-year decrease of 67.64%
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QINGDAO HLDGS released its annual performance for the year ending December 31, 2024, with total revenue of 44.334 million yuan, a year-on-year increase of 4.8%. The loss attributable to the parent company was 15.312 million yuan, a year-on-year decrease of 67.64%, with a loss per share of 1.53 cents. The loss was mainly due to unfavorable property market conditions, a decrease in the fair value of investment properties, losses from joint ventures caused by project delays, and the reversal of previously recognized deferred tax assets
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