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CHINANEWTOWN (01278.HK) expects a net income of approximately 56 million yuan in 2024.
Gelonghui, March 7th丨CHINANEWTOWN (01278.HK) announced that for the twelve months ending December 31, 2024, the group is expected to record a Net income of approximately 56 million yuan, while the Net income for the twelve months ending December 31, 2023, was approximately 151.26 million yuan. The decline in Net income for 2024 is mainly due to: (i) a decrease in the fair value of investment properties in Wuhan by 20 million yuan; (ii) impairment of inventory in the joint venture Beijing Guowan company, resulting in a confirmed investment loss of 13 million yuan; (iii) reversal of impairment on financial assets for the year 2024.
Express News | China New Town Development Co Ltd - Expects Net Profit of RMB56 Mln for 2024
CHINANEWTOWN: PROFIT ALERT
CHINANEWTOWN [01278] is currently reported at 0.068 Hong Kong dollars, an increase of 11.48%.
As of 14:47, CHINANEWTOWN [01278] is reported at 0.068 HKD, an increase of 0.007 HKD or 11.48% from yesterday's closing price of 0.061 HKD. The trading volume is 0.0153 million HKD, with today's highest price at 0.068 HKD and lowest price at 0.06 HKD. Based on yesterday's closing price, the 10-day average price is 0.07 HKD, the 50-day average price is 0.06 HKD, and the current PE is 3.81 times, with a 14-day strength index of 50.91.
CHINANEWTOWN (01278.HK): Chief Financial Officer Wang Yi has resigned.
Gelonghui, January 15th丨CHINANEWTOWN (01278.HK) announced that starting from January 15, 2025, due to personal arrangements, Wang Yi will resign as the company's Chief Financial Officer. Before the company appoints a new Chief Financial Officer, his responsibilities will be carried out by Vice President Mr. Wang Kang.
Express News | China New Town Development Co Ltd - Duties of CFO Will Be Performed by Vp Wang Kang Until New CFO Appointed
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