CSI PROPERTIES: Annual Report 2024
CSI Properties Swings to Fiscal Year 2024 Loss
CSI Properties (00497.HK) had a loss of HKD 456 million in the year due to capital strategy.
CSI Properties (00497.HK) announced on June 27 that for the year ending March 31, 2024, the group's revenue was HKD 1,579,100,000, an increase of HKD 774,800,000 from the previous year's HKD 804,300,000. The loss for the year was HKD 456,000,000, while the previous year recorded a profit of HKD 365,100,000. The loss attributable to owners of the company was mainly due to impairment losses on receivables from joint ventures recognized during the year, related to a joint venture project located in Gudongbei/Fenlingbei new development area.
Express News | CSI Properties FY Revenue HKD 1,579.1 Million
Express News | CSI Properties FY Net Income HKD -456 Million
CSI PROPERTIES: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024
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CSI Properties (00497.HK) plans to hold a board of directors meeting on June 27 to approve the annual performance.
CSI Properties (00497.HK) announced that the board of directors meeting will be held on Thursday, June 27, 2024. The agenda includes approving the annual performance announcement of the company and its subsidiaries for the year ending March 31, 2024, and considering the declaration of dividends (if any).
CSI PROPERTIES: DATE OF BOARD MEETING
CSI Properties Forecasts Major Fiscal Loss
CSI Properties (00497.HK) warns of profit decline: Expected net loss of HKD 420-470 million for the year.
CSI Properties (00497.HK) announced that the group is expected to incur a comprehensive loss attributable to shareholders of approximately HKD 420 million to HKD 470 million for the year ending March 31, 2024, while a surplus of HKD 336 million was recorded for the year ending March 31, 2023. The above changes are mainly due to the group's failure to reach a consensus with the Hong Kong government's land department within the deadline on the supplementary land premium for the joint project in the North KwuTung/ PingLingBei New Development Area, resulting in the issuance of compensation for preferential land compensation in exchange for the retrieval of land ("land retrieval"). Therefore, this change led to
CSI PROPERTIES: PROFIT WARNING
Heyi Limited, a subsidiary of Capital Strategy Real Estate (00497), was granted HK$1.3 billion in loan financing
Capital Strategy Real Estate (00497) announced that on March 27, 2024, Heyi Co., Ltd. (the company's wholly-owned subsidiary...
CSI Properties Limited's (HKG:497) Shares Bounce 26% But Its Business Still Trails The Market
Capital Strategy Real Estate (00497.HK) cancelled 9.15 million shares to repurchase shares on March 11
On March 11, Ge Longhui Capital Strategy Real Estate (00497.HK) issued an announcement to cancel 9.15 million repurchased shares on March 11, 2024.
Changes in Hong Kong stocks | Capital Strategy Real Estate (00497) surged more than 9% to launch Jordan Nathan Road project
The Zhitong Finance App learned that Capital Strategy Real Estate (00497) surged more than 9%. As of press release, it had risen 9.76% to HK$0.09, with a turnover of HK$3.52 million. According to the news, on February 20, He Lehui, executive director of Capital Strategy Real Estate, said that the group plans to launch the Jordan Nathan Road project, involving 262 units of 1 to 3 households, mainly 1 to 2 bedroom units, and also special households. He Lehui hopes that the government's upcoming “Budget” will introduce measures to help the property market recover. At the same time, he expects the US to start cutting interest rates in the first half of this year as soon as possible to speed up the pace of recovery in the second half of this year, stressing that the prospects for the Hong Kong property market are still promising
Capital Strategy Real Estate (00497.HK) spent HK$40,000 to buy back 500,000 shares on February 16
On February 16, 2021, Gelonghui Capital Strategic Real Estate (00497.HK) issued an announcement. On February 16, 2024, it spent HK$40,000 to repurchase 500,000 shares at a repurchase price of HK$0.08 per share.
Capital Strategy Real Estate (00497.HK) spent HK$45,900 to buy back 590,000 shares on February 15
On February 15, 2024, Gelonghui Capital Strategic Real Estate (00497.HK) issued an announcement. On February 15, 2024, it spent HK$45,900 to repurchase 590,000 shares at a repurchase price of HK$0.077-0.078 per share.
Capital Strategy Real Estate (00497) fell 9.80% to 0.083 yuan, hitting a 52-week low
As of 16:08, Capital Strategic Real Estate (00497) fell 9.80% from yesterday's closing price and now reports a 52-week low of $0.083; the trading volume is 50,000 shares, with a turnover of HK$41,700.
Capital Strategy Real Estate (00497.HK) spent HK$148,600 to buy back 1.69 million shares on January 22
On January 22, 2021, Gelonghui Capital Strategic Real Estate (00497.HK) issued an announcement. On January 22, 2024, it spent HK$148,600 to repurchase 1.69 million shares, with a repurchase price of HK$0.087-HK$0.088 per share.
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