Grand Baoxin: Controlling shareholder China Grand Automotive Services Group has received a delisting notice from the Shanghai Stock Exchange.
Grand Baoxin (01293) announced that on July 21, 2024, the company was informed by its controlling shareholder, China Grand Automotive Services Group Co., Ltd. (a company listed on the Shanghai Stock Exchange (Stock Code: 600297, Bond Code: 110072)) (Grand Automotive), that it had received the "Notice of Prior Notification of the Planned Termination of the Listing of Stocks and Convertible Corporate Bonds of China Grand Automotive Services Group Co., Ltd." (SZSE Letter [2024]1004) (the "Notice") from the Shanghai Stock Exchange on the same day, because from June 20, 2024 to 20.
Grand Baoxin Auto Faces Potential Delisting
Grand Baoxin (01293.HK): The controlling shareholder has received the notice of the proposed termination of listing from the Shanghai Stock Exchange.
On July 21, Great Wall Huitong reported that Grand Baoxin (01293.HK) has received a prior notice from the Shanghai Stock Exchange about the proposed termination of the listing of Grand Automotive Services Group's stocks and convertible bonds (Shanghai Stock Exchange Letter[2024] No. 1004) for its A shares having been traded at or below CNY 1.00 for 20 consecutive trading days from June 20, 2024 to July 17, 2024.
Grand Baoxin Auto Group Expects to Turn to Loss in Six Months Ended June 30, Shares Down 10%
Grand Baoxin Forecasts Significant Mid-Year Loss
Grand Baoxin (01293) issued a warning of loss, expecting that the loss attributable to the parent company's owners in the first half of the year will not exceed 0.1 billion yuan, a year-on-year profit to loss reversal.
Grand Baoxin (01293) announced that it is expected to incur a loss of no more than 0.1 billion yuan attributable to the owners of the parent company in the first half of 2024, while during the same period in 2023, the owners of the parent company shall enjoy a surplus of 0.324 billion yuan. The main reason for the loss is due to the impact of the market consumption degradation and the intensified competition pattern in the industry. Major OEMs are engaged in price wars to win market share, resulting in a decline in the company's new car sales volume and gross margin compared to the same period last year.
Express News | Grand Baoxin Auto - Expected Result Due to Decrease in Market Consumption, Others
Express News | Grand Baoxin Auto Sees Hy Loss Attributable of Not More Than RMB100 Mln
GRAND BAOXIN: PROFIT WARNING
Auto retailers in general are doing well. Zhongsheng Hldg (00881) has risen 5.25%. In June, the inventory level of auto retailers was below the warning line.
Jingu Wealth News | Auto retailers are performing well overall, with Grand Baoxin (01293) up 11.25%, Zhongsheng Holdings (00881) up 5.25%, Meidong Auto (01268) up 4.95%, Yongda Auto (03669) up 2.47%, and Harmony Auto (03836) up 2.15%. On July 10th, the China Automobile Dealers Association released the "Auto Retailer Inventory" survey results for June 2024. The comprehensive inventory coefficient of automobile dealers in June was 1.40, a 2.8% decrease from the previous month and a 3.7% increase compared to the same period last year. Inventory levels were below the warning line. Dealers are upset.
Grand Baoxin Backs Autostreets' Upcoming Listing
GRAND BAOXIN: 2023 ANNUAL REPORT
Grand Baoxin Returns to Profit in 2023
Guanghui Baoxin (01293.HK): Achieving net profit of 126 million yuan to mother in 2023
Gelonghui, March 28, 丨 Guanghui Baoxin (01293.HK) announced that for the year ended December 31, 2023, total revenue was RMB 31.907 billion, of which automobile sales revenue was RMB 27.634 billion, while after-sales revenue was RMB 4.236.6 billion. Gross profit was RMB 1,294.6 billion and gross margin was 4.1%. The profit attributable to owners of the parent company was RMB 125.7 million, while the 2022 fiscal year was a loss attributable to owners of the parent company of RMB 698 million, with earnings per share of RMB 0.04 million.
Guanghui Baoxin (01293) announced annual results. Profit attributable to shareholders of 126 million yuan turned a year-on-year loss into a profit
Guanghui Baoxin (01293) announced its annual results for the year ended December 31, 2023. The group received revenue...
GRAND BAOXIN: (1) ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023; AND (2) CHANGE OF REGISTERED OFFICE, PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT IN THE CAYMAN ISLANDS
Guanghui Baoxin (01293.HK) will hold a board meeting on March 28 to approve the annual results
Gelonghui, March 18, 丨 Guanghui Baoxin (01293.HK) announced that the company will hold a board meeting on March 28, 2024 to adopt the annual results of the company and its subsidiaries for the year ended 31 December 2023 and consider the payment of a final dividend (if any).
Guanghui Baoxin [01293] now reports HK$0.198, a decrease of 11.61%
As of 14:27, Guanghui Baoxin [01293] reported HK$0.198, down HK$0.026 or 11.61% from yesterday's closing price, with a turnover of HK$27,800. Today's high price was HK$0.224 and the lowest price was HK$0.198. Based on yesterday's closing price, the 10-day average price was HK$0.23, and the 50-day average price was HK$0.22. The current price-earnings ratio was -0.81 times, and the 14-day strength and weakness index was reported at 45.26.
Guanghui Baoxin (01293.HK): Wang Sheng was appointed as executive director and president
Gelonghui, December 27, 丨 Guanghui Baoxin (01293.HK) issued an announcement, effective December 27, 2023: Bao Xiangyi requested the resignation of the company's executive director and president due to a change in the focus of his work; and Wang Sheng has been appointed as the company's executive director and president.
Guanghui Baoxin and Guanghui Automobile enter into a renewed procurement framework agreement
Guanghui Baoxin (01293) announced that on December 18, 2023, the company and Guanghui Automobile entered into a renewed procurement framework agreement to renew the existing procurement arrangements. The Group and Guanghui Automobile Group will extend the purchase and sale of certain passenger cars, passenger car parts and accessories from each other from January 1, 2024 to December 31, 2026. The Group and Guanghui Automobile Group purchase and sell passenger cars and passenger car parts and accessories to each other in accordance with a renewed procurement framework agreement, mainly because the Group is a dealer of luxury passenger car brands (such as BMW, Jaguar Land Rover, Maserati, etc.), and its business is mainly
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