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Conch Venture (00586.HK): Li Liangxian resigns as Joint Company Secretary.
Gelonghui October 10th | Conch Venture (00586.HK) announced that the company has recently obtained confirmation from the Stock Exchange that Chen Xingqiang already meets the qualifications to serve as the company's company secretary under Rule 3.28 of the listing rules without the need for further exemptions. Therefore, the company's other joint company secretary Li Liangxian has resigned from the position as of October 10, 2024, and after Li Liangxian's resignation, Chen Xingqiang will continue to serve as the company secretary starting from October 10, 2024.
CONCH VENTURE: INTERIM REPORT 2024
htsc raised the target price of conch venture (00586.HK) to 10.5 yuan, and the expansion pace slowed down.
HTSC issued a report stating that Conch Venture (00586.HK) achieved revenue of RMB 3.14 billion in the first half of the year, a year-on-year decrease of 29.4%; net profit of RMB 1.18 billion, a year-on-year decrease of 35.3%. Excluding the impact of the share of profit of affiliated or jointly operated companies, the core net profit of the main business was RMB 0.48 billion, a year-on-year decrease of 13.5%. The revenue and profitability of the main business have declined, mainly due to the decrease in construction revenue of the waste disposal business. However, with the steady growth of operating income, the quality of profitability has improved. HTSC has adjusted the earnings forecast for Conch Venture to RMB 1.4, RMB 1.52, and RMB 1 per share for the years 2024 to 2026 respectively.
Conch Venture (0586.HK): Expansion pace slows down, focusing on improving quality and efficiency.
The scale of profitability has declined, but the quality continues to improve. Conch Venture achieved revenue of 3.14 billion yuan in 1H24, a year-on-year decrease of 29.4%; net income attributable to the parent company was 1.18 billion yuan, a year-on-year decrease of 35.3%. If excluding the share of associates/joint ventures.
CONCH VENTURE To Go Ex-Dividend On October 17th, 2024 With 0.1 HKD Special Dividend Per Share
September 5th (Beijing Time) - $CONCH VENTURE(00586.HK)$ is trading ex-dividend on October 17th, 2024.Shareholders of record on October 18th, 2024 will receive 0.1 HKD special dividend per share on
Conch Venture (00586) will distribute a special dividend of 0.1 Hong Kong dollars per share on November 8th.
Conch Venture (00586) announced that a special dividend of HKD 0.1 per share will be distributed on November 8, 2024.
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