Summary by Moomoo AI
According to the latest announcement, Wanco Enterprises Co., Ltd. (abbreviated as “VanCo”) has issued its first quarter report for 2024. The report showed that VanCo achieved operating revenues of approximately $615.9 million, down 10.0% year-on-year; net profit attributable to shareholders of listed companies was negative $3.6 million, down 125.0% year-on-year. Net cash flow generated by operating activities was negative $94.2 billion, down 234.57% year-on-year. As of March 31, 2024, VanCo's total assets were approximately $1.46 trillion, a decrease of 2.72% from the year-end. During the reporting period, Wanco's Board members include Mr. Yu Liang, Executive Director, etc., and were signed by Mr. Zhu Xue, Company Secretary, in Shenzhen, China. Wanco noted that property market sales continued to be under pressure during the reporting period and stressed that forward-looking statements such as future plans and development strategies do not constitute a material commitment to investors, and investors should remain sufficiently aware of the risks involved.