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CHINA VERED FIN (00245.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.
Gelonghui reported on March 18 that CHINA VERED FIN (00245.HK) announced a Board of Directors meeting will be held on March 28, 2025 (Friday) to consider and approve the group's full-year performance for the year ending December 31, 2024, as well as to discuss the proposal for the final dividend distribution (if any), and to address other matters.
Hong Kong Stock Exchange (00388): As of the end of February 2025, the total market value of the Hong Kong securities market is 39.1 trillion Hong Kong dollars, an increase of 30% year-on-year.
The market capitalization of the Hong Kong securities market was 39.1 trillion Hong Kong dollars at the end of February 2025, an increase of 10% from 35.4 trillion Hong Kong dollars at the end of the previous month, and a 30% rise from 30.1 trillion Hong Kong dollars in the same period last year.
CHINA VERED FIN (00245.HK) expects to turn a loss into a profit for the year.
On January 27, Glorious reported that CHINA VERED FIN (00245.HK) announced that the group expects to record a net profit of not less than HKD 220,000,000 for the year ending December 31, 2024, compared to a net loss of approximately HKD 23,600,000 for the corresponding period in 2023. The turnaround from loss to profit is primarily attributed to realizing a significant investment income net amounting to not less than HKD 400,000,000, while the corresponding period recorded a net income of approximately HKD 81,800,000. The impact of the above factors is expected to be partially offset by increased employee costs and related expenses compared to the corresponding period.
Express News | China Vered Financial Sees Net Profit of Not Less Than HK$220 Mln for Year
CHINA VERED FIN: POSITIVE PROFIT ALERT
CHINA VERED FIN (00245.HK): Current independent non-executive director Zheng Dashuang has been appointed as the chief independent non-executive director.
On January 21, Gelonghui reported that CHINA VERED FIN (00245.HK) announced that the company's current executive Director Cao Jianmei was appointed as a member of the company's nomination committee, while the company's current independent non-executive Director Zheng Dazhuang was designated as the chief independent non-executive Director, effective from January 21, 2025.
