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Tianjian Group: Briefing on the company\'s construction business for the fourth quarter of 2024
Tianjian Group: Tianjian Group 2024 Annual Results Forecast
Shenzhen Tagen Group (000090.SZ): It is expected that the net income in 2024 will decrease by 53.86% to 64.4% year-on-year.
On January 20, Gelonghui reported that Shenzhen Tagen Group (000090.SZ) announced an expected Net income of 540 million yuan to 700 million yuan for 2024, a decrease of 53.86% to 64.4% compared to the same period last year. The non-recurring Net income is expected to be 503 million yuan to 663 million yuan, a decrease of 52.80% to 64.19% compared to the same period last year. 1. This period's Construction Business was affected by intensified market competition, a decrease in investment projects, and a decline in market expansion, resulting in lower Construction Business revenue and profits compared to the same period last year; 2. Due to the continued downturn in the real estate market, a decline in sales of existing projects, and an increase in inventory impairment.
Shenzhen Tagen Group (000090.SZ): Won the bid for the Four-Linked Urban Renewal Project in the Redevelopment Company, with preliminary management services for negotiation and signing.
On January 17, Gelonghui reported that Shenzhen Tagen Group (000090.SZ) announced that recently, its subsidiary, Shenzhen Tagen Urban Renewal Investment and Development Co., Ltd. (referred to as "Urban Renewal Company"), received the "Notice of Winning Bid" from the Shenzhen Public Resources Trading Center, confirming that the Urban Renewal Company would serve as the service provider for the preliminary management of contract negotiation for the Suilianpai urban renewal project, with a contract to be signed on January 16, 2025. The winning bid amount is 27.503634 million yuan.
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