On August 27th, Beijing Urban Resources (03718.HK) announced that, as of June 30, 2024, the group recorded revenue of approximately 2.6878 billion yuan, a year-on-year increase of about 20.2%; the attributable net profit for the shareholders of the company was approximately 0.1285 billion yuan, a year-on-year decrease of about 24.5%, and the basic and diluted earnings per share were approximately 3.61 yuan. The interim dividend is 1.2 Hong Kong cents per share, and the interim dividend payout ratio is approximately 30.2%.
As of June 30, 2024, the group acquired 85% equity of Cheng Mei. As of June 30, 2024, Cheng Mei owned a total of 38 urban service projects, with a total contract value and estimated annual income of approximately 2 billion yuan and 0.752 billion yuan, respectively.
