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Lushang Life Services Sells Controlling Stake in Subsidiary After 36 Million Yuan Capital Injection
LUSHANGSERVICES (02376.HK) annual net profit increased by 12.1% to 45.1 million yuan, with a total managed construction area of 23.6 million square meters.
On March 21, Gelonghui announced the annual performance of LUSHANGSERVICES (02376.HK). For the year ending December 31, 2024, the company's revenue was 0.609 billion yuan, a decrease of 1.9% compared to 0.621 billion yuan in the same period of 2023. The net income attributable to the owners of the parent company was 45.1 million yuan, an increase of 12.1% compared to 40.3 million yuan in the same period of 2023, and a proposed final dividend of 0.1080 yuan per share. As of December 31, 2024, the group managed 97 projects, with a total managed floor area of 23.6 million square meters, an increase of 2.
LUSHANGSERVICES (02376.HK) has entered into a capital increase agreement.
On March 21, 2023, LUSHANGSERVICES (02376.HK) announced that on March 21, 2025, the company entered into a capital increase agreement with the investor, ShanDong Chengfa Construction Management Co., Ltd. and the target company, ShanDong Lan'an Landscape Engineering Co., Ltd. According to this agreement, the investor conditionally agrees to inject a capital of RMB 36,320,000.00 into the target company in the form of registered capital and capital reserves. Upon completion, the target company's registered capital will increase from RMB 20,000,000.00 to RMB 40,820,000.00, and the investor and the company will respectively own the target.
Express News | Lushang Life Services - Shandong Commercial Real Estate Development Co to Inject Capital of RMB36.3 Mln Into Unit
Express News | Lushang Life Service FY Gross Profit RMB 115.9 Million
Express News | Lushang Life Service FY Revenue RMB 608.9 Million
