XXF Group Holdings' (HKG:2473) Earnings Are Weaker Than They Seem
XXF Group Holdings Limited's (HKG:2473) robust earnings report didn't manage to move the market for its stock. Our analysis suggests that shareholders have noticed something concerning in the numbers
喜相逢集團:2023年報
Xixiangfeng Group (02473) announced 2023 annual results. Profit attributable to shareholders of 110 million yuan increased 39.7% year over year
According to the Zhitong Finance App, Xibing Group (02473) disclosed its 2023 annual results. The group achieved revenue of 1,304 billion yuan (RMB, same below) during the reporting period, an increase of 14.3% over the previous year. Gross profit of 419 million yuan, up 11.9% year over year. Profit attributable to company owners was 110 million yuan, an increase of 39.7% over the previous year. Basic earnings per share were 30.23 points. During the reporting period, the Group achieved performance growth, mainly due to: (1) recovering from the adverse effects of the COVID-19 outbreak in 2022, the Group increased sales and marketing efforts and opened new self-operated sales outlets to develop
XXF: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
Happy Meet Group (02473.HK) signed a sale-leaseback contract with Dongfeng Nissan
Gelonghui, March 19, 丨 Hi Xiang Feng Group (02473.HK) announced that on March 19, 2024, the tenant (for the company's indirect wholly-owned subsidiary) and/or certain of its subsidiaries) entered into such sale and leaseback contracts with Dongfeng Nissan. Based on this, the lessee agreed to transfer the leased assets to Dongfeng Nissan at a total cost of approximately RMB 3,052,587, while Dongfeng Nissan agreed to lease back the leased assets to the lessee, with a total rent of approximately RMB 3,676,438.
Happy Meet Group (02473.HK) plans to hold a board meeting on March 26 to consider and approve the annual results
Glonghui, March 13, 丨 Happy Meeting Group (02473.HK) announced that the board meeting will be held on March 26, 2024 (Tuesday) to consider and approve (among others) the Group's annual results for the year ended 31 December 2023 and its publication, and consider payment of a final dividend (if any).
XXF: DATE OF BOARD MEETING
XXF Group Holdings Expects At Least 30.5% Profit Growth in 2023
XXF Group Holdings (HKG:2473) expects a profit attributable to owners of the company of no less than 103 million yuan for the year ended Dec. 31, 2023, a no less than 30.5% increase compared with the
Xixiangfeng Group's Fayingxi expects annual profit attributable to shareholders of at least 103 million yuan to increase by at least 30.5% year over year
Xishangfeng Group (02473) announced that the Group expects to obtain no less than RMB 103 million in profit due to company owners for the year ended December 31, 2023, an increase of not less than 30.5% over the profit attributable to company owners of approximately RMB 78.9 million for the year ended December 31, 2022.
Happy Meet Group (02473.HK) Yingxi: Profit attributable to owners is expected to increase by more than 30.5% in FY2023
On March 7, Ge Longhui Group (02473.HK) issued an announcement. The company expects to record profit attributable to company owners of not less than RMB 103 million in fiscal year 2023, an increase of not less than 30.5% over the profit attributable to company owners of about RMB 78.9 million for the year ended December 31, 2022. The board of directors believes that the expected increase in profit attributable to company owners in FY2023 is mainly due to: (1) recovering from the adverse effects of the COVID-19 outbreak in 2022, the Group increased sales and marketing efforts and opened new self-operated sales outlets to develop the Group's business
XXF: POSITIVE PROFIT ALERT
Happy Encounter Group (02473): Peng Liting appointed as company secretary
Xixiangfeng Group (02473) issued an announcement. Wang Xu has proposed the resignation of the company's company secretary and the Hong Kong Stock Exchange...
Changes in Hong Kong stocks | Happy Life Group (02473) fell by more than 14% from its all-time high in January this year and has retreated nearly 30%. Recently, the subsidiary signed a financial leasing framework contract with Dongfeng Nissan
Xishangfeng Group (02473) fell by more than 14%, retreating nearly 30% from its record high in January this year. As of press release, it was down 14.83% to HK$2.70, with a turnover of HK$1.17 million.
A subsidiary of Xixiangfeng Group (02473) signed a financial leasing framework contract with Dongfeng Nissan
Zhitong Finance App News, Xixiangfeng Group (02473) issued an announcement. On January 31, 2024, Xixiangfeng Group (the company's indirect wholly-owned subsidiary) entered into a financial leasing framework contract with Dongfeng Nissan. Dongfeng Nissan (as lessor) agreed to provide a financing amount of up to RMB 262 million to Xixiangfeng Group (and/or its subsidiaries or associated companies) (as a lessee), which can be withdrawn from time to time by the lessee within the term of the financial lease framework contract in accordance with the terms and conditions of the financial lease framework contract; and every time the lessee withdraws, Relevant sales to Dongfeng Nissan are required Leasing assets, while Dongfeng Nissan
Changes in Hong Kong stocks | Xibeng Group (02473) rose more than 7% and surged 76% since its listing in November last year, retail auto financing is expected to become the main growth engine for China's automobile industry
The Zhitong Finance App learned that Xibing Group (02473) rose more than 7%, surging 76% since its launch in November last year. As of press release, it had risen 7.78% to HK$3.88, with a turnover of HK$2.56 million. According to the Insight Consulting Report, in terms of direct financial leasing transaction volume, Happy Life ranked 4th and had a market share of about 4.1% in China in 2022. In terms of retail automobile financial leasing transaction volume of all retail automobile financial leasing companies (including direct financial leasing and sale-leaseback), the company ranked 19th and had a market share of about 0.7% in China in 2022. Insight consultation
XXF Group Holdings Buys Land Use Rights for Office Space in Fujian, China
XXF Group Holdings (HKG:2473) subsidiary Fujian Xidun Automobile Service will acquire land use rights from Fuzhou Natural Resources and Planning Bureau for a plot of land in Fuzhou, China, for 89 mil
Xixiangfeng Group (02473) plans to spend 89 million yuan to acquire a plot of land in Fuzhou to build an office building
Xixiangfeng Group (02473) announced that on December 8, 2023, Fujian Xidun (an indirect wholly-owned subsidiary of the company...
Changes in Hong Kong stocks | Xixiangfeng Group (02473) rose more than 7%, and the car management and leasing market expanded steadily
Happy Fun Group (02473) rose by more than 7% and increased 7.14% at press time to HK$2.7, with a turnover of HK$3.98 million.
Changes in Hong Kong stocks | Xixiangfeng Group (02473) rose more than 10% again, surging 22% in the past 4 trading days, and China's automobile management and leasing market expanded rapidly in previous years
The Zhitong Finance app learned that Xixiangfeng Group (02473) has once again risen by more than 10%, surging 22% in the past 4 trading days. As of press release, it has risen 8.59% to HK$1.77, with a turnover of HK$5.4 million. According to reports, Happy Face was founded in 2007, and the founder is Huang Wei. Before 2012, the company mainly provided car rental services through business leasing. Since 2012, Happy Meet has been selling cars through direct financial leasing. Also, at the end of 2018, the company began providing car rental solutions for individual online ride-hailing drivers. Based on an Insight Advisory Report on Direct Financial Leasing Transactions
[IPO] Xixiangfeng Group (02473) closed at HK$1.64 and 49.09% higher than the offering price
Jinwu Financial News | Xixiangfeng Group (02473) initially closed at HK$1.64, 49.09% higher than the prospectus price. It traded 50.72 million shares throughout the day, with a turnover of HK$107 million. No handling fees, 2,500 shares per lot, a book profit of HK$1,350. The stock was reported at HK$2.18 in early trading, which was 98.21% higher than the offer price. The highest price for the whole day was HK$3.96, more than 2.4 times higher than the offer price, and the lowest price was HK$1.42. The latest total market value is HK$846 million.
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