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Chenxing Development (02286) announced 2023 results with losses attributable to parent company owners of about 152 million yuan year-on-year profit to loss
According to the Zhitong Finance App, Chenxing Development (02286) announced its 2023 results, with revenue of about RMB 300 million, a year-on-year decrease of 74.88%; loss attributable to parent company owners was approximately RMB 152 million, profit attributable to 2022 was approximately RMB 10.44,000; and loss per share was RMB 0.25. According to the announcement, the decline in performance was mainly due to a decrease in sales and preparation for impairment of real estate projects. During the reporting period, the group had contracted sales of about 499 million yuan, a decrease of about 21.3% over the same period last year; the total contracted construction area was about 63,923 square meters respectively, a decrease of about 21 million yuan compared to the same period last year.
CHEN XING: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
Chenxing Development (02286.HK) plans to hold a board meeting on March 27 to consider and approve the annual results
Chenxing Development (02286.HK) announced that the board meeting will be held at 10:00 a.m. on March 27, 2024 (Wednesday) in the conference room on the 1st floor of Chenxing Office Building, No. 18 Anning Street, Yuci District, Jinzhong City, Shanxi Province, the People's Republic of China (“China”).
Chen Xing Development to Swing to Loss
Chen Xing Development Holdings (HKG:2286) expects a consolidated net loss of around 130 million yuan to 160 million yuan for the year ended December 2023, as a profit of about 50.9 million yuan in the
Chenxing Development (02286.HK) Profit Alert: Expected annual loss of about 130 million to 160 million yuan
On March 8, GLONGHUI | Chenxing Development (02286.HK) announced that the Group expects to record a comprehensive net loss of about RMB 130 to RMB 160 million for the year ending December 31, 2023, while the consolidated net profit for the previous year was approximately RMB 50.9 million. The consolidated net loss for fiscal year 2023 was mainly due to a sharp decrease of approximately 75% in revenue generated from property development from approximately RMB 1,188 million in fiscal year 2022 to approximately RMB 298 million in fiscal year 2023.
CHEN XING: PROFIT WARNING
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