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CHINA CHENGTONG: INTERIM REPORT 2024
China Chengtong Development Group (00217) has entered into a sale and leaseback agreement for certain rainwater and wastewater pollution control and engineering equipment.
China Chengtong Development Group (00217) announced that on September 10, 2024, Chengtong Finance Leasing (Company...
Express News | China Chengtong Development - Total Purchase Price of RMB150 Mln
Express News | China Chengtong Development -Chengtong Financial Leasing Will Purchase Rainwater and Sewage Pollution Control and Engineering Equipment
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.
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