On August 16th, Gelunhui announced that Shenyang Public Development Co., Ltd. (00747.HK) is expected to record a net profit of approximately RMB 1.7 million to approximately RMB 2 million for the six months ending on June 30, 2024, and recorded a net loss of approximately RMB 4.6 million for the same period in 2023.
The board of directors believes that the financial performance is expected to turn from net losses in the previous period to net profits in this period, mainly due to (i) an increase in revenue; and (ii) an increase in other income due to the profit from the sale of assets classified as held for sale.
