Lu Shang Service (02376.HK): Wang Zhongwu resigns as general manager of the company
Gelonghui, April 26, 丨 Lu Shang Service (02376.HK) announced that the board of directors received the resignation report of Mr. Wang Zhongwu, executive director, chairman and general manager of the company on April 26, 2024. Due to the work schedule, Mr. Wang will no longer be the general manager of the company, effective April 26, 2024. Following his resignation as general manager, Mr. Wang continued to serve as Executive Director of the Board, Chairman of the Board, Member of the Remuneration Committee, and Chairman of the Strategy and ESG Committee. Mr. Liu Jiapeng, the company's deputy general manager, will temporarily assume the role of general manager until the board of directors appoints a new general manager. The company will select and appoint a new general manager as soon as possible in accordance with legal procedures.
魯商服務:2023年報
Performance is polarized, is your residential property OK?
High-quality property companies that have returned to the cash cow logic at this stage may be able to regain the favor of fundamental investors through steady management and high dividends; for investors with higher risk appetite, those property companies that continue to make progress in expanding and cultivating value-added businesses with third parties may also have a high value of attention.
Lushang Service (02376.HK) annual profit of about 40.3 million yuan decreased by about 48.7% year-on-year
On March 22, GLONGHUI | Lu Shang Service (02376.HK) announced that for the year ended December 31, 2023, the Group's total revenue was approximately RMB 621.0 million, a year-on-year decrease of about 1.1%. The Group's profit was approximately RMB 40.3 million, a year-on-year decrease of approximately 48.7%. The Board of Directors never recommended the payment of any final dividend for the year. As of December 31, 2023, the Group's construction area under management was 23.1 million square meters, an increase of 1.0% over December 31, 2022.
魯商服務:截至2023 年12 月31 日止年度全年業績公告
Lushang Service (02376.HK) will hold a board meeting on March 22 to approve the annual results
Gelonghui March 12 | Lu Shang Service (02376.HK) issued an announcement. The board meeting will be held on March 22, 2024 to consider and approve the annual results and announcements of the company and its subsidiaries for the year ended 31 December 2023, and to consider recommending payment of a final dividend (if any).
Everbright Securities: Stable property fundamentals, slow release of risk factors, seize lower sector allocation opportunities
Property fundamentals are stable, risk factors are mitigated, and opportunities at the bottom of the sector are seizing allocation opportunities.
Selected Announcements | Country Garden was petitioned for liquidation by Ever Credit; China Exempts China to invest an additional 1.1 billion yuan in duty-free shopping
Nine Dragons Paper announced interim results, with shareholders accounting for a profit of 292 million yuan, turning a year-on-year loss into a profit; Fuzhikang Group issued a profit warning and expects a consolidated net loss of about US$120.8 million in 2023.
Lushang Life Services to Sell Construction Wing to Affiliate
Lushang Life Services (HKG:2376) will sell 100% equity interest in Shandong HuiBangDa Furbishing Engineering to Shandong Urban and Rural Development Group for 21.9 million yuan. The property manager w
Lushang Life Services to Buy Smaller Rival for 5 Million Yuan
Lushang Life Services (HKG:2376) agreed to buy a 100% equity interest in Shandong Lujian Property Management from Lushang Freda Pharmaceutical for around 4.9 million yuan, a Tuesday filing by the prop
Lushang Service (02376.HK) plans to acquire 100% of Shandong Lujian's shares for 4.883,000 yuan
Gelonghui, February 27, 丨 Lu Shang Service (02376.HK) announced that on February 27, 2024, the company (as the buyer) signed an equity transfer agreement with Lushang Freda (600223.SH) (as the seller) and Shandong Lu Jian (as the target company) to trade 100% of Shandong Lu Jian's total shares. The cost under the share transfer agreement is RMB 4.8783 million. As of the date of this announcement, Shandong Lujian is 100% owned by Lushang Freda, so Shandong Lujian is a wholly-owned subsidiary of Lushang Freda. After the equity transfer agreement is completed, Shandong Lu Jian will become the company's direct
Ministry of Finance: The total profit of state-owned enterprises in 2023 was 4633.28 billion yuan, up 7.4% year-on-year
From January to December, the main efficiency indicators of state-owned and state-owned enterprises across the country continued to grow steadily, and the upward trend was further consolidated.
Zhongtai Securities's 24-year property strategy: real estate-related businesses further decline leading companies or gradually increase dividend distribution rates
According to a research report released by Zhongtai Securities, property and real estate have been further decoupled, and the share of revenue and profit from real estate-related businesses in financial reports has declined further, and impairment from real estate business has also decreased marginally. In addition, leading property companies are gradually increasing their dividend distribution ratio. As the property industry reduces large-scale mergers and acquisitions and enters a period of steady growth, the distribution rate is expected to increase further.
CITIC Securities: Steady progress in the property industry, leading the way and continuing to grow
The Zhitong Finance App learned that CITIC Securities released a research report saying that the basic stock market in the property industry is stable, cost-side pressure is low, and performance transparency is high. If enterprises can control repayment risks during growth and expansion, then it is entirely possible for companies to achieve a steady increase in performance.
Weak Statutory Earnings May Not Tell The Whole Story For Lushang Life Services (HKG:2376)
Last week's earnings announcement from Lushang Life Services Co., Ltd. (HKG:2376) was disappointing to investors, with a sluggish profit figure. We did some analysis, and found that there are some re
LUSHANGSERVICES: 2023 INTERIM REPORT
CITIC Securities: Profitability of property service companies bottomed out and rebounded, recommending leading blue-chip companies and small and medium-sized high-dividend companies
CITIC Securities released a research report saying that in mid-2023, the weighted gross profit margin of the sample company was 16.5%, an increase of 0.28 ppts over the same period last year, and remained highly stable. The semi-annual report once again proves that the profitability of property service companies has not declined over time.
Lu Shang Service (02376) released interim results. Net profit of 3,015 million yuan decreased by 25.21% year-on-year
Lushang Service (02376) announced its interim results for the 6 months ended June 30, 2023. The group obtained revenue...
LUSHANGSERVICES: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2023
Lu Shang Service (02376.HK) plans to hold a board meeting on August 25 to approve interim results
GLONGHUI, August 15丨Lu Shang Service (02376.HK) announced that the board meeting will be held on August 25, 2023 (Friday) to (among others) consider and approve the interim results and announcements of the company and its subsidiaries for the six months ended June 30, 2023, and consider the payment of interim dividends (if any).
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