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CH TIANBAO GP: 2024 INTERIM REPORT
Ch Tianbao Gp (01427.HK) achieved revenue of 0.821 billion yuan in the first half of the year, with a loss of about 28 million yuan.
On August 21, Geelong Hui announced its interim performance. In the six months ended June 30, 2024, the group's revenue was approximately RMB 82.1 million, a decrease of approximately RMB 12.3 million (13.0%) compared to the same period in 2023. The revenue from the group's construction contracting business was approximately RMB 70.7 million, a decrease of approximately RMB 2.5 million (3.5%) compared to the same period in 2023. The revenue from the group's real estate development business was approximately RMB 11.4 million, a decrease of approximately RMB 9.8 million (46.1%) compared to the same period in 2023. The group.
The performance of ch tianbao gp (01427.HK) converted from a half-year profit to a loss of 28.848 million RMB with no dividend payout.
China Tianbao Group (01427.HK) announced its interim performance for the period ending June this year, with revenue of 0.821 billion Chinese Yuan (CNY) and a year-on-year decrease of 13%. It suffered a net loss of 28.848 million yuan, compared to a profit of 3.1 million yuan in the same period last year; the loss per share was 3.6 cents. No dividend will be distributed.
CH TIANBAO GP: UNAUDITED INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED JUNE 30, 2024
In 'Profit Warning', ch tianbao gp (01427.HK) estimated a loss of at least 25 million yuan in the first half of the year.
Ch Tianbao GP (01427.HK) issued a profit warning, with an expected loss of between 25 million and 35 million RMB for the six months ending June, compared to a net profit of 3.1 million RMB in the same period last year. This is mainly due to the real estate business adopting promotional policies, resulting in a decrease in gross margin and a decrease in gross profit; the new business of developing health care incurred early start-up costs; and interest expenses have increased.
ch tianbao gp (01427.HK) issued a profit warning: expected net loss of 25 million yuan to 35 million yuan for the first half of the year.
Ch Tianbao gp (01427.HK) announced on August 13 that based on the unaudited comprehensive management accounts and other information currently available to the company's management for the six months ended June 30, 2024 ('the period'), the group expects to record a net loss of RMB 25 million to RMB 35 million in the period (net income of RMB 3.1 million for the six months ended June 30, 2023). The board of directors believes that the main reason for the loss in the period was (i) to ensure normal cash flow, the group's real estate business adopted a promotion policy, which led to a decline in gross margin.
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