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CHINA ART FIN: Interim Report 2024
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 Art Finance (01572.HK) plans to establish a joint venture to promote the development of digital services in the community retail sector.
Grontium September 6th │ China Art Finance (01572.HK) announced that the group has signed a new joint venture agreement ("New Joint Venture Agreement"). According to the new joint venture agreement, the registered capital of the joint venture company is HKD 0.01 million, of which the company contributes HKD 5100, Fresh Dinghui Co., Limited contributes HKD 3400, and Zoomlion Digital Technology Group Co., Limited contributes HKD 1,500.
China Art Fin (01572.HK) achieved a net profit of 5.416 million yuan in the first half of the year, a year-on-year increase of 57.67%.
China Art Fin (01572.HK) announced its interim performance on August 30. For the six months ending June 30, 2024, the company's revenue was RMB 36.778 million, a year-on-year increase of 483.13%. The net profit attributable to owners of the company for the period was RMB 5.416 million, a year-on-year increase of 57.67%, and the basic earnings per share were RMB 0.32.
CHINA ART FIN: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
The board of directors of China Art Fin (01572.HK) held a meeting on August 30 to consider and approve the publication of its interim performance.
China Art Fin (01572.HK) announced that it has scheduled a board of directors meeting on August 30, 2024 (Friday) to consider and approve the interim performance announcement of the group for the six months ended June 30, 2024 (including the publication of unaudited results), and to consider the declaration of interim dividends (if any).
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