Zhongan Group (00672) surged nearly 88% after its profit. As of press release, it rose 76.24% to HK$0.178, with a turnover of HK$10.722,100.
The Zhitong Finance App learned that Zhongan Group (00672) surged nearly 88% after earnings. As of press release, it had risen 76.24% to HK$0.178, with a turnover of HK$10.722,100.
According to the news, Zhongan Group announced that the Group expects to obtain a year-on-year increase in unaudited consolidated revenue of no less than 50% year-on-year and unaudited consolidated net profit of not less than 1000% year-on-year increase.
According to the Group, the increase in consolidated revenue was due to an increase in the total floor area of properties delivered in FY2023, which led to a year-on-year increase in confirmed revenue for FY2023. The increase in consolidated net profit was due to an increase in profit attributable to joint ventures and associated companies in FY2023 compared to FY2022, and a decrease in tax expenses compared to FY2022.