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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
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