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China Aoyuan (03883) rose 24.8% in early trading, expecting to turn losses into profits in the first half of the year, with up to 2.3 billion yuan in RMB.
China Aoyuan (03883) rises after announcing profits, up 24.8% to HKD 0.156 with a turnover of HKD 0.9739 million at the time of publication. The company expects to record a net profit of approximately RMB 21 billion to RMB 23 billion for the six months ending June 30, 2024 (a net loss of RMB 2.9 billion in the same period last year). The net profit in this period is mainly due to the completion of overseas debt restructuring and the recording of restructuring income by the company. Excluding the impact of the aforementioned restructuring income, the Group expects to record a loss for the six months ending June 30, 2024 mainly due to the continued downturn in the industry's operating environment.
Glory announcement selection (Hong Kong stocks) | Tencent Holdings (00700.HK) second quarter revenue of 161.117 billion yuan, net income increased significantly by 82% YoY.
Today's focus: Tencent Holdings' (00700.HK) second-quarter revenue was 161.117 billion yuan, and net income increased by 82% year-on-year. Tencent Holdings (00700.HK) announced that for the three months ended June 30, 2024, the company's revenue was RMB 161.117 billion, an increase of 8% year-on-year; gross profit was RMB 85.895 billion, an increase of 21% year-on-year; net income attributable to equity holders of the company was RMB 47.63 billion, an increase of 82% year-on-year; and basic earnings per share were RMB 5.112. Divided by business, the revenue of value-added services business in the second quarter of 2024
China Aoyuan is expected to have a mid-term surplus of approximately 21 to 23 billion yuan.
China Aoyuan (03883.HK) announced on August 14th that the company expects to record a net profit of approximately RMB 21 billion to RMB 23 billion for the six months ending June 30, 2024 (loss of RMB 2.9 billion for the same period last year), mainly due to the completion of overseas debt restructuring and the resulting restructuring gains. Excluding the impact of the aforementioned restructuring gains, the group is expected to record a loss for the six months ending June 30, 2024 mainly due to the continued downturn in the industry operating environment, the decrease in delivery volume in the current period resulting in a reduction in property sales revenue, and financing costs.
Express News | China Aoyuan - Expected Result Due to Decrease in Revenue Recognised From Sales of Properties, Others
Express News | China Aoyuan Sees Hy Net Profit From RMB21.0 Bln to RMB23.0 Bln
CHINA AOYUAN: PROFIT ALERT
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