[Brokerage Focus] Citi Securities maintains a 'buy' rating on greentown mgmt (09979), expecting performance to remain stable.

Kingwu Finance News | CICC issued a research report stating that Greentown Management Holdings (09979) achieved revenue of 1.67 billion yuan in 2024H1, a year-on-year growth of 7.8%; comprehensive gross margin of 51.5%, a year-on-year decrease of 0.5 percentage points, with the gross margin of government construction projects dropping by 4.4 percentage points to 40.4% year-on-year mainly due to the decrease in government construction project fees; net income attributable to equity holders was 0.501 billion yuan, a year-on-year growth of 5.8%, with net margin decreasing by 0.6 percentage points to 30.0% year-on-year. The bank stated that as of September 30, 2024, the company's new development project construction fees amounted to 6.62 billion yuan.

Jingu Finance News20:54 ET

CRIC Real Estate Research: In the first three quarters, the newly contracted scale of the top 20 enterprises for development projects reached 120.4 million square meters, an increase of 40% compared to the end of the second quarter.

In the first three quarters of 2024, the top 20 newly contracted scale construction enterprises added a total signed construction area of 120.4 million square meters, an increase of 40% compared to the end of the second quarter. Compared to the past two years, this accounts for 66% of the total newly added construction area in the entire year of 2023 by the same sample of companies, indicating a slight slowdown in growth, but still significantly higher than 2022 (which accounted for 97.7% of the total newly added construction area by the same sample of companies in 2022).

Zhitong FinanceOct 15 06:36 ET

Announcement Highlights | sd gold: Net profit in the first three quarters is expected to increase by 37.52% to 67.26%; ping an insurance's original premium income in the first 9 months is close to 700 billion yuan

PICC Group: The total original premium income for the first 9 months was 568.916 billion yuan, a year-on-year increase of 5.23%; China Res Land: The accumulated contract sales for the first 9 months amounted to 172.3 billion yuan.

cls.cnOct 14 20:20 ET

Greentown Management's GFA of Newly Contracted Projects Rise 1.8% in January-September

MT NewswiresOct 14 06:58 ET

Express News | Greentown Management - Estimated Project Management Fee for Newly Contracted Projects Under Project Management Business for 9M RMB6.62 Bln

ReutersOct 14 04:35 ET

greentown mgmt (09979) estimated the construction fee for new projects in the first 9 months as 6.62 billion yuan.

greentown mgmt (09979) announced that in the first nine months ending September 30, 2024, the Group's new expansion...

Zhitong FinanceOct 14 04:34 ET