Zhenro Services Group Announces Board Changes
ZHENRO SERVICES (06958.HK): Wei Qin will be appointed as an independent non-executive Director.
On December 20, Gelonghui announced that ZHENRO SERVICES (06958.HK) has reported that in pursuit of Other Business and work commitments, Ma Haiyue has submitted his resignation and will step down as the company's Independent Non-Executive Director, member of the Audit Committee, and member of the Nomination Committee, effective from December 31, 2024. Wei Qin will be appointed as an Independent Non-Executive Director, member of the Audit Committee, and member of the Nomination Committee, effective from December 31, 2024.
The Central Finger Research: In December, the SSE Conglomerates Index for property service prices in twenty cities slightly declined, with Wuhan experiencing the largest decrease.
In December 2024, the Property Service price SSE Conglomerates Index for twenty cities was 1075.37, a year-on-year decrease of 0.01% and a month-on-month decrease of 0.03%, with both year-on-year and month-on-month figures shifting from an increase to a decrease.
The research institute found that the disclosure rate of the ESG reports of listed Property Service companies reached 95.65% overall.
The Zhongzhi Research Institute has released the 2024 ESG evaluation research report for listed Property Service companies in China.
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.
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.
ZHENRO SERVICES: 2024 INTERIM REPORT
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
Zhenro Services Reports Lowered Profits and Revenue
Zhenro Services (06958.HK) achieved a revenue of 0.548 billion yuan in the first half of the year.
Grants on 28th of August, zhenro services (06958.HK) issued an announcement, for the six months ended 30th June 2024, the group's revenue was approximately RMB 0.548 billion, a decrease of approximately 9.6% year-on-year; gross profit reached approximately RMB 0.111 billion, a decrease of approximately 29.0% year-on-year; the loss for the reporting period was approximately RMB 14.9 million, while the profit for the same period in 2023 was approximately RMB 15.4 million; the loss for the reporting period attributable to the owners of the parent company was approximately RMB 15.1 million, while the profit for the same period in 2023 attributable to the owners of the parent company was approximately RMB 15.4 million. Group income
Express News | Zhenro Services Group H1 Gross Profit RMB 111.2 Million
ZHENRO SERVICES: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
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.
Zhenro Services (06958.HK) plans to hold a board of directors meeting on August 28 to review its interim performance.
Zhenro Services (06958.HK) announced on August 15th that the board of directors will hold a meeting on Wednesday, August 28th, 2024, to consider and approve the unaudited interim performance of the company and its subsidiaries for the six months ending June 30th, 2024, as well as to consider the distribution of interim dividends (if any).
Zhenro Services Group Sets Key Financial Meeting
ZHENRO SERVICES: DATE OF BOARD MEETING
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.
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