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Hefei Urban Construction Development (002208.SZ): The controlling subsidiary Gongtou Feixi has signed a contract for the transfer of state-owned construction land use rights.
On July 31st, Gelonhui announced that the 55th meeting of the 7th board of directors of Hefei Urban Construction (002208.SZ) was held in the company's 14th floor conference room on June 11, 2024 at 16:00. The proposal on participating in the bidding of FX202413-3 land in Feixi County, Hefei was approved by the resolution of the meeting with 10 votes in favor, 0 against, and 0 abstentions. According to the above resolution, Hefei Gongo Industrial Technology Development Co., Ltd., a wholly-owned subsidiary of the company's controlling subsidiary, Hefei Gongo Industrial Technology Feixi Co., Ltd. (referred to as "Gongtou Feixi"),.
Hefei Urban Construction Development to Raise Subsidiary's Capital by 900 Million Yuan
Hefei Urban Construction Development (002208.SZ): plans to increase the capital of its wholly-owned subsidiary XinZhan Property by 0.9 billion yuan.
On July 16th, Gelunhui announced that Hefei Urban Construction Development (002208.SZ) plans to use its own funds to increase the capital of its wholly-owned subsidiary, Hefei Urban Construction New Station Property Co., Ltd. (referred to as "New Station Property"), by RMB 0.9 billion. After this capital increase, the registered capital of New Station Property will increase from RMB 100 million to 1000 million.
Hefei Urban Construction Development: 2024 Interim Performance Forecast
Hefei Urban Construction Development (002208.SZ): Net income in the first half of the year is expected to decrease by 90.38% to 93.59% year-on-year.
Hefei Urban Construction Development (002208.SZ) announced its 2024 semi-annual performance forecast on July 14th. Net income attributable to shareholders of the listed company for the reporting period is expected to be 11 million yuan to 16.5 million yuan, a year-on-year decrease of 90.38%-93.59%; net income after deducting non-recurring gain and loss is expected to be 7 million yuan to 10.5 million yuan, a year-on-year decrease of 93.30%-95.53%. The expected decrease in net income attributable to shareholders of the listed company in the first half of 2024 is mainly due to less delivery of projects in the first half of the year, and the company's main projects will be concentrated in the second half of the year.
Hefei Urban Construction Development (002208.SZ) has formed a composite driving force for residential development and industrial real estate development.
On July 11th, Geelong Hui reported that an investor asked Hefei Urban Construction Development (002208.SZ) on the investor interaction platform, "Under the current situation in the property market, does your company have any other new businesses to ensure revenue targets are met?" The company replied that it has formed a business layout of "one core (dual nuclei), two wings and one boost" with residential development and industrial real estate development as the combined driving force, project construction management and comprehensive property services as the bilateral support, and leasing operation as the energy reserve. The company is promoting the modernization of its corporate governance system and governance capabilities to achieve steady improvement in corporate benefits/efficiency.
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