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LISI GP HOLD: Annual Report 2024
Express News | Lisi Group - by End of June All Outstanding Amount Under Funds Transfers Had Been Settled
Express News | Lisi Group - From April 2021 to June 2024 Highest Daily Outstanding Balance of Funds Transfers Made by New Joysun Was RMB329 Mln
LISI GP HOLD: (1) CONNECTED AND MAJOR TRANSACTION IN RELATION TO THE FUNDS TRANSFERS AND DISCLOSURE UNDER RULE 13.13 OF THE LISTING RULES; AND (2) DISCLOSEABLE AND MAJOR TRANSACTIONS IN RELATION TO THE ADVANCES TO SUPPLIERS
Lisi Group's Profit Down in Fiscal Year 2024
Lisi GP Hold (00526) released its annual performance with a net income of 325 million yuan, a decrease of 86% YoY.
Lisi GP Hold (00526) released its annual report for the year ending March 31, 2024. The group achieved revenue of RMB 2.687 billion, a year-on-year increase of 10.94%. The annual profit was RMB 325 million, a decrease of 86% year-on-year, and the earnings per share were 4.04 cents. The announcement stated that the significant decrease in net profit was mainly due to the sale of the autos business last year, resulting in a sale income of approximately RMB 2.1244 billion; in the current year, the group achieved a gain of approximately RMB 0.1272 billion from land recovery; and the net loss from the valuation of investment properties obtained by the group in the current year was approximately RMB 1.08.
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