Jiangsu Eastern Shenghong Expects to Return to Profit in 2025; Shares Up 3%

MT Newswires Live

01/30

Jiangsu Eastern Shenghong (SHE:000301) expects to return to profit in 2025, with a net profit attributable to shareholders of between 100 million yuan and 150 million yuan, according to a Shenzhen bourse filing on Friday.

Earnings per share are expected to be between 0.0151 yuan and 0.0227 yuan.

The real estate developer recorded an attributable loss of 2.30 billion yuan, or 0.35 yuan per share, a year earlier.

The company's shares jumped over 3% during the afternoon trade.

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