Huafang Group Advances Despite Trading Suspension
Flower Group (03611) will submit a proposal for resumption of trading to the HKEX. The trading will continue to be suspended for updates.
According to the announcement released by Huafang Group (03611) on the Smart Finance app, the group continues to operate its business through the implementation of its business strategy, and users can access and use the group's live video and audio social networking products as usual since the suspension of trading of its shares on April 3, 2023, until the date of this announcement. The company will submit a proposed resumption of trading plan updated to the Hong Kong Stock Exchange to demonstrate that the company has fulfilled the conditions for resuming the trading of its shares in accordance with the guidance on resumption of trading (including the additional guidance) contained in that plan. Due to the failure to publish the audited annual performance of 2022 on time, the company has requested the suspension of its shares from trading since 9 a.m. on April 3, 2023.
The financial estimates of Hua Fang Group (03611) have not been audited or reviewed by external auditors or audit committees, and the trading suspension continues.
Zhixun Finance and Economics APP announcement: China Floral Group (03611) announced that Songcheng Performance Development Co., Ltd., the company's controlling shareholder, is a stock listed on the Shenzhen Stock Exchange (300144.SZ) (Songcheng Performance Development), and as of the announcement date, actually owns about 35.35% of the total issued shares of the company. The company noted that Songcheng Performance Development issued an announcement on June 6, 2024 (Songcheng Performance Development Announcement), which listed predictions of the company's financial information for several years up to December 31, 2028 (including revenue growth rate, gross margin, sales expense ratio, administrative expense ratio, and research and development expenses).
Huafang Group (03611) receives additional trading resumption guidelines from the Stock Exchange
According to Zhitong Finance App News, Huafang Group (03611) issued an announcement. In addition to the resumption guidelines provided by the Stock Exchange as set out in the company's announcement dated June 23, 2023, the company received a letter from the Stock Exchange on May 6, 2024. Based on this, the Stock Exchange imposed an additional resumption guideline as shown in (vi) below on the resumption of trading of the company's shares. The guidelines for resuming trading are outlined as follows: (i) publish all unannounced financial results as stipulated in the listing rules and handle any audit revisions; (ii) conduct appropriate independent investigations, assess the impact on the company's business operations and financial situation, publish investigation results, and adopt appropriate measures
Huafang Group Swings to 2023 Loss as Revenue Nearly Halves
HUAFANG GROUP: ANNUAL REPORT 2023
Huafang Group: Submits a proposal to resume trading to the Stock Exchange
Huafang Group (03611) issued an announcement. Since the suspension of stock trading on April 3, 2023 and until the date of this announcement, the Group continues to operate its business by implementing its business strategy. Users can access and use live streaming and audio and video social networking products operated by the Group as usual. The company has submitted a proposal for the resumption of trading to the Stock Exchange to prove that the company has met the conditions for resuming trading of the company's shares set out in the resumption guidelines. Trading of the company's shares continues to be suspended.
Huafang Group (03611): Submission of a proposal to resume trading to the Stock Exchange
Zhitong Finance App News, Huafang Group (03611) issued an announcement. Since the suspension of stock trading on April 3, 2023 and until the date of this announcement, the Group continues to operate its business by implementing its business strategy. Users can access and use live streaming and audio and video social networking products operated by the Group as usual. The company has submitted a proposal for the resumption of trading to the Stock Exchange to prove that the company has met the conditions for resuming trading of the company's shares set out in the resumption guidelines. Trading of the company's shares continues to be suspended.
Huafang Group (03611) announced annual results with losses attributable to shareholders of 797 million yuan year-on-year profit to loss
According to the Zhitong Finance App, Huafang Group (03611) announced its annual results for the year ended December 31, 2023. The group achieved revenue of 2.57 billion yuan (RMB, same below) during the period, a year-on-year decrease of 49.58%; losses attributable to shareholders were 797 million yuan; profit attributable to shareholders during the same period last year was 232 million yuan, a year-on-year profit of 232 million yuan, a year-on-year change of profit and loss; a basic loss of 0.8 yuan per share. According to the announcement, the decrease in total revenue was mainly due to a decrease in revenue generated by live streaming and audio social networking services.
HUAFANG GROUP: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2023ANDCONTINUED SUSPENSION OF TRADING
Huafang Group to Swing to Loss
Huafang Group (03611) is forecasting a year-on-year profit and loss of about 757 million to 837 million yuan in 2023 results
Huafang Group (03611) announced that it expects the group to achieve a net loss of approximately RMB 757-8 million in 2023...
HUAFANG GROUP: PROFIT ALERTANDCONTINUED SUSPENSION OF TRADING
HUAFANG GROUP: INTERIM REPORT 2023
HUAFANG GROUP: ANNUAL REPORT 2022
Huafang Group (03611.HK) will hold a board meeting on March 26 to approve the final results
Gelonghui March 14 | Huafang Group (03611.HK) announced that the company will hold a board meeting on March 26, 2024 to consider and approve the Group's audited comprehensive final results for the year ended December 31, 2023.
Huafang Group (03611.HK)'s 2022 revenue of about 5.10 billion yuan increased by about 10.8% year-on-year
Gelonghui, Feb. 29丨Huafang Group (03611.HK) announced that for the year ended December 31, 2022, the company's revenue was approximately RMB 5.10 billion, an increase of about 10.8% over the previous year. For the year ended 31 December 2022, gross profit was approximately RMB 1.3 billion, an increase of approximately 6.2% over the previous year. For the year ended 31 December 2022, net profit attributable to company owners (measured in non-IFRS) was approximately RMB 458.2 million, an increase of approximately 6.4% over the previous year. The Group's R&D expenditure for the year ended 31 December 2021
Huafang Group (03611) announced 2023 interim results with losses attributable to owners of about 689 million yuan year-on-year profit to loss
According to the Zhitong Finance App, Huafang Group (03611) announced its interim results for the six months ended June 30, 2023. Revenue was approximately RMB 1,626 billion, a year-on-year decrease of about 34.4%. Gross profit was approximately RMB 453.6 million, a year-on-year decrease of about 29.4%. The loss attributable to the company's owners was approximately RMB 689 million, and the profit attributable to the company was approximately RMB 203 million for the same period in 2022, with a loss of 0.69 yuan per share. Among them, revenue generated by live streaming and audio social networks decreased by 38.0% from approximately RMB 2.4 billion in the same period last year and approximately RMB 15.0 in the relevant period
HUAFANG GROUP: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2023ANDCONTINUED SUSPENSION OF TRADING
HUAFANG GROUP: AUDITED ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2022ANDCONTINUED SUSPENSION OF TRADING
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