Greentown Management Holdings (09979) rose more than 5%. As of press release, it was up 5.01% to HK$6.5, with a turnover of HK$17.353 million.
The Zhitong Finance App learned that Greentown Management Holdings (09979) rose more than 5%. As of press release, it had risen 5.01% to HK$6.5, with a turnover of HK$17.353 million.
According to the news, Greentown Management Holdings recently announced its 2023 annual results, with revenue of about 3.302 billion yuan (RMB, same below), up 24.3% year on year; net profit attributable to the company's shareholders was about 974 million yuan, up 30.8% year on year; proposed payment of a final dividend of 0.4 yuan per share and a special dividend of 0.1 yuan per share. Among them, the company achieved revenue of about 23.5 yuan in 2023, an increase of 41% over the previous year.
According to Open Source Securities, Greentown Management Holdings' revenue and profit continued to grow in 2023, and the area of contracts and new projects was steadily expanding. As a leader in the contract construction industry, it maintained more than 20% of the contract construction market for eight consecutive years. With the acceleration of guaranteed housing construction, the increase in the proportion of land acquired by urban investment, and the demand to relieve housing companies' insurance handover, the bank believes that the company will develop steadily in the Red Sea competition for proxy construction. Furthermore, the company's basic earnings per share are 0.5 yuan/share, and it is proposed to pay a final dividend of 0.4 yuan per share and a special dividend of 0.1 yuan per share to maintain full dividends.