00234 NEW CENTURY GP
- 0.033
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NEW CENTURY GP News
ROI exceeds 20%! China's wealthy flock to the $1.7 trillion "high-yield market"......
Chinese wealthy investors are pursuing the $1.7 trillion private crediting market, ignoring warnings of rising default rates, because some of these trades have an roi exceeding 20%.
China Wisdom Hong Kong Stock Investment Journal | September 19th
Hong Kong Stock Investment Journal | September 19, 2024
New Century Group Unit Extends HK$30.2 Million Mortgage Loan
new century gp (00234.HK) granted affiliate a HK$30.2 million mortgage loan.
On September 5th, 2024, new century gp (00234.HK) announced that its indirect non-wholly-owned subsidiary, Easy Withdrawal Finance (as the lender), has entered into a new loan agreement with the customer (as the borrower). Under the new loan agreement, Easy Withdrawal Finance has agreed to grant a mortgage loan in the amount of 30.2 million Hong Kong dollars to the customer, with a term of twelve months.
NEW CENTURY GP: Annual Report 2024
New Century Group Hong Kong Swings to Profit in Fiscal Year 2024; Shares Up 7%
New century gp (00234.HK) turned a loss into a profit with a total of 22.413 million HKD for the year.
New Century GP (00234.HK) announced on June 20 that the group's revenue increased by 10.3% to HKD 88.291 million for the fiscal year ending on March 31, 2024; the group recorded a net profit of HKD 22.413 million attributable to owners of the company. The company had a net loss attributable to owners of the company of HKD 36.866 million in the previous year, which has now turned into a profit. The basic earnings per share for common stockholders of the company were 0.39 Hong Kong cents. The increase in the group's revenue was mainly due to a change in the fair value of listed equity investment which generated a net gain of HKD 7400 thousand compared to a net loss of HKD 1357.8 thousand in the previous year.
NEW CENTURY GP: ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 MARCH 2024
New Century Group Forecasts Swing to Profit
New Century GP (00234.HK) announced that it expects annual net profit to be no less than HKD 20 million.
On June 7th, Gelunhui reported that New Century GP (00234.HK) expects to have a net profit attributable to shareholders of no less than 20 million Hong Kong dollars for the year ending on March 31, 2024 ('the current year'). This is compared to a net loss attributable to shareholders of approximately 37 million Hong Kong dollars last year. The announcement stated that the reason for the expected turnaround in performance from loss to profit was mainly due to the cruise rental and leasing services business that incurred a loss of approximately 60 million Hong Kong dollars last year. The business was sold in the current year, generating approximately 10 million Hong Kong dollars in revenue from the sale. In addition, the following factors also contributed to the Group's improved profitability:
New Century Unit Extends HK$16.5 Million Mortgage Loan to Third Party
New Century Group (00234.HK) grants HK$16.5 million mortgage loan
Gelonghui, May 3, 丨 New Century Group (00234.HK) announced that on May 3, 2024, the company's indirect non-wholly-owned subsidiary Easy Cash Finance (as a money lender) entered into a loan agreement with the customer (as a borrower). According to the loan agreement, eCash Finance agreed to grant the customer a mortgage loan of HK$16.5 million for a period of 12 months.
A subsidiary of New Century Group (00234.HK) granted a 10% annual interest rate on a mortgage loan with a capital of HK$45 million
New Century Group (00234.HK) announced that on April 12, 2024, the company's indirect non-wholly-owned subsidiary eCash Finance (as a money lender) entered into loan agreements with such customers (as borrowers). According to the loan agreement, eCash Finance agreed to grant these customers a mortgage loan of HK$45 million for a period of 12 months at an annual interest rate of 10%.
NEW CENTURY GP: Interim Report 2023
New Century Group Returns to Profit in Fiscal H1
New Century Group (00234) announced interim results. Profit attributable to shareholders was HK$25.63 million, turning a year-on-year loss into a profit
According to the Zhitong Finance App, New Century Group (00234) announced interim results for the six months ended September 30, 2023, with revenue of HK$43.772 million, an increase of 50.84% over the previous year; profit attributable to company owners was HK$25.63 million, compared to a loss of HK$8.625 million in the same period last year; basic profit per share was HK0.44 cents.
NEW CENTURY GP: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023
New Century Group to Swing to April-September Profit
New Century Group (00234.HK) Profitability: Expected net profit of 23 million to HK$27 million in the medium term
Gelonghui November 9 | New Century Group (00234.HK) announced that for the six months ending September 30, 2023, the Group expects to record a profit range of about HK$23 million to about HK$27 million for the current period. Compared with the same period last year, it recorded a loss of about HK$9 million attributable to company owners. The conversion of expected performance from loss to profit is mainly due to the following factors: (i) profit from the sale of the discontinued cruise leasing service business of approximately HK$10 million; (ii) loss reduction of approximately HK$11 million from the termination of the cruise leasing service business; (iii) the securities trading business
NEW CENTURY GP: POSITIVE PROFIT ALERT
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