China Xincheng Town (01278) issued an announcement. As of September 30, 2024, preparations for impairment of deducted risk items...
According to the Zhitong Finance App, China Xincheng (01278) issued an announcement. As of September 30, 2024, after deducting impairment preparations for risk projects, the total investment portfolio for the company's fixed income projects was approximately RMB 2.863 billion. Excluding risky projects, other projects obtained an annualized guaranteed investment return of about RMB 0.191 billion before tax according to the contract, and the corresponding average annualized return on investment before tax was about 6.7%.
Compared with the company's investment portfolio on June 30, 2024, the Group added additional investment projects in the third quarter: the Yangzhou Hanjiang Park sewage treatment project, the Jingjiang Freite Aluminum New Material Project, and the Pharmaceutical Distribution Supply Chain Industry Project in Liangxi District of Wuxi. It withdrew from the Liangxi District Food Science and Technology Innovation Center project in Wuxi, RMB 0.351 billion, and has received the full principal amount and related guaranteed investment income.
