01941 YE XING GROUP
- 0.176
- +0.011+6.67%
YE XING GROUP News
Hong Kong stock concept tracking | Peking, Shenzhen real estate market volume hits new high, real estate sector policy effects may gradually emerge (with concept stocks)
Data from the China Real Estate Research Institute shows that as of the 26th of October, the number of second-hand residential housing transactions in Beijing has reached 12,979 units. It is expected that the total number of transactions in October will exceed 0.016 million units, reaching a new high in 19 months; the actual transaction volume is expected to reach 0.025 million units, the highest in the same period in 8 years.
YE XING GROUP: Interim Report 2024
Hong Kong stock market concept tracking | Existing home loan interest rate cut imminent, real estate sector accelerates stabilization and valuation repair (with concept stocks)
Industry insiders predict that the specific plan for lowering the interest rates on existing housing loans is unlikely to be introduced before the "National Day" holiday.
Opinion index: The growth of listed physical enterprises has slowed down, and IFM prices have started to "intensify" internally.
The interim report disclosed by listed companies at the end of August shows a continuous slowdown in the industry's scale and revenue growth, making profits more difficult and financial risk control pressure increasing.
Market Chatter: Hong Kong Rental Property Prices Close to Record High in August
Ye Xing Group releases interim performance results, with shareholders' attributable profit decreasing by 50.22% year-on-year to 6.638 million yuan.
Ye Xing Group (01941) has released its interim results for the six months ended June 30, 2024, with a revenue of 0.187 billion yuan, an increase of 9.45% year-on-year; the shareholder's attributable net profit is 6.638 million yuan, a decrease of 50.22% year-on-year; basic earnings per share is 1.64 cents.
YE XING GROUP: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Ye Xing Group Forecasts Profit Dip in 2024 H1
Ye Xing Group (01941.HK) is expected to have a net profit of approximately 6.7 million yuan for the interim period.
Ye Xing Group (01941.HK) announced that it expects a net profit of approximately 6.7 million yuan for the six months ending June 30, 2024, compared to approximately 13.3 million yuan in the same period last year. The decrease in expected profit is mainly due to (i) a decrease in gross profit from approximately 47.1 million yuan in the same period last year to approximately 41.1 million yuan in the reporting period, and (ii) an increase in impairment losses on trade and other receivables from approximately 3.9 million yuan in the same period last year to approximately 7.2 million yuan in the reporting period.
Express News | Ye Xing Sees Net Profit for Six Months RMB6.7 Mln
YE XING GROUP: PROFIT WARNING
Hong Kong stock concept tracking | Over 80 cities support state-owned enterprises and others to acquire existing houses, institutions are bullish on investment opportunities related to the "good housing" industry (concept stocks attached)
As of now, more than 80 cities have announced their support for state-owned platform enterprises to acquire commodity housing for the purpose of affordable housing, resettlement housing, talent housing, and turnover housing.
Viewpoint index: Multiple property companies expect a decline in mid-term profits, and the market is bullish on state-owned asset management companies.
The Opinion Index published the Property Service Development Report for August 2024.
Ye Xing Group Prepares to Announce Mid-Year Results
Ye Xing Group (01941.HK) plans to hold a board of directors' meeting on August 27 to approve the interim performance.
Ye Xing Group (01941.HK) announced on August 15th that the board of directors will hold a meeting on August 27th, 2024 to review the following matters (not limited to): 1. Consider and approve the preliminary comprehensive performance of the company and its subsidiaries as of June 30, 2024; 2. Consider and approve the preliminary performance announcement draft to be published by Hong Kong Stock Exchange and the company website respectively; and 3. Handle any other matters.
Hong Kong stock concept tracking | Peking's second-hand housing signing volume in June and July has increased significantly, and institutions are bullish on high-quality real estate companies in core cities (including concept stocks).
Bullish real estate policies in Beijing, taking small steps towards gradual relaxation, have led to increased activity in the housing market trade.
Zhongzhi Property Research: In July, the TOP 50 property service enterprises added a total contracted area of about 96.16 million square meters.
Top 50 Chinese property service companies with newly added contract area in July 2024.
YE XING GROUP: Annual Report 2023
Performance is polarized, is your residential property OK?
High-quality property companies that have returned to the cash cow logic at this stage may be able to regain the favor of fundamental investors through steady management and high dividends; for investors with higher risk appetite, those property companies that continue to make progress in expanding and cultivating value-added businesses with third parties may also have a high value of attention.
YE XING GROUP: ANNOUNCEMENT OF ANNUAL RESULTSFOR THE YEAR ENDED 31 DECEMBER 2023
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