00672 ZHONGAN GROUP
- 0.130
- -0.001-0.76%
ZHONGAN GROUP News
Zhong An Group Limited (HKG:672) Surges 26% Yet Its Low P/E Is No Reason For Excitement
We Like The Quality Of Zhong An Group's (HKG:672) Earnings
ZHONGAN GROUP: 2024 Interim Report
With meticulous cultivation and steady progress, zhongan group (00672.HK) is seeking long-term development.
In the first half of 2024, facing downward pressure in the Chinese real estate market, Zhongan Group Limited ("Zhongan Group" or the "Company"), a leading real estate developer in the Yangtze River Delta region of China, actively adapted and kept pace with the times. It continued to focus on the Yangtze River Delta region, optimized its business structure through strengthening its foundation and refining its internal capabilities, and promoted steady and positive operation to achieve resilient growth in performance. During the period, the company's revenue was approximately RMB 92,829,000, a year-on-year increase of 127.6%; gross profit was approximately RMB 18,300,000, a year-on-year increase of 161.7%; gross margin was approximately ...
ZHONGAN GROUP: CLARIFICATION ANNOUNCEMENTIN RELATION TOINTERIM RESULTS ANNOUNCEMENT FOR THE SIXMONTHS ENDED 30 JUNE 2024
After the mid-term report on Zhongan Intelligent Life, it was covered by Jin Qiao Securities: property management scale revenue steadily increased, and innovative business emerged.
Jinqiao Securities released a research report stating that Zhongan Smart Life (02271) has released its mid-term report for 2024. In terms of financial data, it achieved revenue of 1.82 billion yuan and a gross profit of 580 million yuan in the first half of the year, with an overall gross margin of 31.7% and a net margin of 7.8%, showing good performance. In terms of specific business, property management business scale income has steadily increased. From January to June, the company achieved property management income of 1.53 billion yuan, accounting for 84.2% of total revenue. During the period, the company managed an area of 9.743 million square meters, and zhongan group (00672), an associated party, had land reserves of 5.95 million square meters and abundant project reserves. In addition
Zhongan Group (00672) announced its interim results, with a net profit attributable to the owners of the parent company of 62.509 million yuan, a decrease of 68.2% year-on-year.
Zhongan Group (00672) announced its mid-term performance in 2024, with revenue of approximately RMB 9.283 billion, a year-on-year increase...
Express News | Zhong an Group H1 Gross Profit RMB 1,830 Million
Express News | Zhong an Group H1 Revenue RMB 9,282.9 Million
Express News | Zhong an Group H1 Net Income Attributable RMB 62.5 Million
Express News | Zhong an Group H1 Gross Margin 19.7%
ZHONGAN GROUP: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Zhongan Group (00672.HK) plans to hold a board of directors meeting on August 23 to approve the mid-year performance.
Zhongan Group (00672.HK) announced on August 13 that the board of directors will hold a meeting on Friday, August 23, 2024 to approve the unaudited interim performance of the company and its subsidiaries for the six months ended June 30, 2024, and to consider the distribution of interim dividends (if any).
Jinqiao Securities: Zhongan Intelligent Life Value-Added Service has a high gross margin, with both managed property scale and diversification level increasing.
Jinqiao Securities released a research report stating that the changes in the real estate market have raised higher requirements for property management companies' business models and service quality, and value-added services have become a new industry growth point. In 2023, Zhongan Smart Life (02271) achieved an increase in gross margin for value-added services targeting real estate developers, with 41.5% for real estate development and 42.6% for community value-added services. The overall gross margin is high. The company's managed scale has greatly increased during the period, with a significant increase in non-residential property among managed property types. In addition, the affiliated company Zhongan Group (00672) has a land reserve of 8.63 million square meters, with 84% in the CNI Yangtze Index and abundant project reserves;
ZHONGAN GROUP: Annual Report 2023
Zhongan Group (00672) announced annual results. Profit attributable to shareholders of 479 million yuan increased by 156.75% year on year
Zhongan Group (00672) announced its annual results for the year ended December 31, 2023. The group received revenue from the public...
ZHONGAN GROUP: ANNOUNCEMENT OF RESULTSFOR THE YEAR ENDED 31 DECEMBER 2023
Changes in Hong Kong stocks | Zhongan Group (00672) surged 88% after earnings, and its annual revenue is expected to increase by more than 50% year on year, and comprehensive net profit will increase more than 10 times year on year
Zhongan Group (00672) surged nearly 88% after its profit. As of press release, it rose 76.24% to HK$0.178, with a turnover of HK$10.722,100.
Zhongan Group (00672) Fa Yingxi expects annual comprehensive net profit to increase significantly by no less than 1000% year on year
According to the Zhitong Finance App, Zhongan Group (00672) announced that the Group expects to obtain: (1) an increase of no less than 50% in the unaudited consolidated revenue for the fiscal year ending FY2023 by no less than 50% compared to the fiscal year ended December 31, 2022; and (2) a significant increase in unaudited consolidated net profit for the fiscal year ending FY2023 by no less than 1000% compared to FY2022. According to the announcement, the expected increase in unaudited consolidated revenue is mainly due to an increase in the total floor area of properties delivered in FY2023, which led to an increase in confirmed revenue for FY2023 compared to FY2022. Expected unaudited synthesis
ZHONGAN GROUP: POSITIVE PROFIT ALERT
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