Longfor Group Holdings Ltd

00960: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Longfor Earnings: Margin Subdued but Net Gearing Improved; Positive Long-Term Outlook

Jeff Zhang

Mar 31, 2025

Longfor ended 2024 with weak numbers as revenue and operating profit declined by a respective 31% and 40% year on year, given soft bookings and lower property sales margins. Positively, the firm's net gearing ratio eased to 51.7% in 2024 from 55.9% in 2023, due to a CNY 16.3 billion debt reduction.

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Longfor Group Holdings Ltd

Longfor Earnings: Margin Subdued but Net Gearing Improved; Positive Long-Term Outlook

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