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Yuzhi Agriculture (00875.HK) is expected to see a significant decrease in net profit for the interim period.
Gelonghui August 28th | According to the announcement released by Yu Zhi Nong (00875.HK), the company expects to record a net surplus of not more than 6.0 million Hong Kong dollars for the six months ending June 30, 2024, while the net surplus for the same period in 2023 is about 30.1 million Hong Kong dollars. The decrease in the group's net surplus is mainly attributed to the increase in administrative and other expenses due to the increase in consulting fees for the business development strategy design services provided by the group's food trade division during the reporting period; and (iii) the confirmation of impairment losses on trade accounts receivable during the reporting period, while the impairment losses on trade accounts receivable recorded in the same period in 2023 were reversed, which was attributed to the 2023
Express News | Congyu Intelligent Agricultural Sees Net Profit of Not More Than HK$6.0 Mln for Six Months
CONGYU INTE AGR: PROFIT WARNING
Yu Zhi Nong (00875.HK) will hold a board of directors meeting on August 30 to approve the interim performance.
According to the announcement from Yu Zhi Nong (00875.HK), the company will hold a board of directors meeting on August 30, 2024 to consider and approve the interim performance of the Group for the six months ending on June 30, 2024, as well as the distribution of interim dividends (if any).
CONGYU INTE AGR: DATE OF BOARD MEETING
China Fin Inv has been renamed to "Congyu Zhinong Group Co., Ltd."
China Fin Inv (00875) announced that the board of directors is pleased to announce that the special resolution to change the company name, approved by the shareholders at the annual general meeting held on May 31, 2024, has resulted in the issuance of a certificate of name change and a certificate of second name by the Registrar of Companies in Bermuda, which proves that the English name of the company has been changed from "China Finance Investment Holdings Limited" to "Congyu Intelligent Agricultural Holdings".
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