China Resources Vientiane Life (01209) rose by more than 7% and rose 7.2% at press time to report at HK$25.3, with a turnover of HK$9.02 million.
The Zhitong Finance App learned that China Resources Vientiane Life (01209) rose by more than 7% and rose 7.2% at press time to report HK$25.3, with a turnover of HK$9.02 million.
According to the news, the company announced its 2023 results, with revenue of RMB 14.77 billion, an increase of 22.9% over the previous year. Gross profit was RMB 4.69 billion, up 30.0% year over year. Profit attributable to shareholders was RMB 2.93 billion, up 32.8% year over year. Profit attributable to core shareholders reached RMB 2.92 billion, an increase of 31.2% over the previous year. Earnings per share were 128.3 points, and the proposed final dividend was RMB 48.1 points per share.
CICC said that the company's 2023 results are in line with market expectations, and core net profit is expected to increase 20% year-on-year to 3.494 billion yuan in 2024. Furthermore, the bank anticipates that the company's revenue in the shopping center sector may still be expected to increase by more than 20% in 2024. It believes that the company manages high-quality commercial assets in core Tier 1 and 2 cities across the country, and that the company continues to consolidate its core competitiveness through the operation of a large membership system, brand portfolio renewal and iteration, and business model innovation. The bank is optimistic about the company's ability to deliver steady performance and continue to give back to shareholders in the medium to long term.