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China Chengtong Reports Decline in H1 2024 Revenue
China Chengtong Development Group (00217.HK) recorded a 13% decrease in half-year revenue to approximately 0.323 billion Hong Kong dollars.
China Chengtong Development Group (00217.HK) announced on August 26th that for the six months ending June 30, 2024, the company's revenue decreased by 13% to approximately HKD 0.3 billion23.47 million yuan. This is due to the external economic environment becoming severe and not conducive to the group's accelerated expansion of leasing business. During the review period, although the group's lease receivables decreased by approximately HKD 19.16 million or 14% due to the completion of some leasing projects, the overall gross margin remained at around 37%. During the review period, comprehensive pre and post-tax profits decreased by approximately HKD 52.16 million and approximately HKD 26.86 million respectively.
Express News | China Chengtong Development Group H1 Revenue HKD 323.47 Million
Express News | China Chengtong Development Group H1 Gross Margin 37%
CHINA CHENGTONG: INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
China Chengtong Ends Leaseback Deal Early
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