In the "Performance" report, ZHONGLIANG HLDG (02772.HK) narrowed its annual loss to 2.427 billion yuan.
ZHONGLIANG HLDG (02772.HK) announced its 2024 annual results, reporting an income of 39.682 billion yuan (the same below), a year-on-year decrease of 40.4%. The loss narrowed from 4.246 billion yuan in the previous year to 2.427 billion yuan, with a loss of 66 cents per share. No final dividend will be distributed.
ZHONGLIANG HLDG: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
ZHONGLIANG HLDG (02772) issued a profit warning, expecting the annual loss attributable to Shareholders to narrow year-on-year to approximately 2 billion to -2.6 billion yuan.
ZHONGLIANG HLDG (02772) published an announcement regarding the loss attributable to owners for the year ending on December 31, 2023...
ZHONGLIANG HLDG: INSIDE INFORMATION - PROFIT WARNING
Last week, the year-on-year growth rate of new home sales volume continued to decline, Mainland Real Estate stocks fell broadly, and SUNAC (01918) dropped 4.92%.
Jinwu Finance | Mainland Real Estate stocks fell across the board, SUNAC (01918) fell 4.92%, SEAZEN (01030) fell 3.86%, RADIANCE HLDGS (09993) fell 3.11%, CHINA JINMAO (00817) fell 3.01%, YUEXIU PROPERTY (00123) fell 2.56%, R&F PROPERTIES (02777) fell 2.38%, GREENTOWN CHINA (03900) fell 2.27%, ZHONGLIANG HLDG (02772) fell 2.04%, SINO-OCEAN GP (03377) fell 1.96%, C&D INTL GROUP (01908) fell 1.91%. Zhongtai International report.
ZHONGLIANG HLDG (02772.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.
Gelonghui, March 18丨ZHONGLIANG HLDG (02772.HK) announced that the Board of Directors will hold a meeting on March 28, 2025 (Friday) to consider and approve the annual results for the year ending December 31, 2024, consider the proposed final dividend (if any), and address any Other matters.
ZHONGLIANG HLDG: DATE OF BOARD MEETING
The China Real Estate Association held a symposium for private Real Estate companies, with Longfor (00960.HK) and Xuhui (00884.HK) attending.
In order to implement the spirit of the private enterprise symposium held last month and propose targeted and practical policy recommendations to relevant departments, the China Real Estate Association recently organized a symposium for private real estate enterprises to listen to the opinions and suggestions of the companies. The meeting was presided over by Zhang Qiguang, Vice President of the China Real Estate Association, with representatives from Hangzhou Binjiang Real Estate Group (002244.SZ), Longfor (00960.HK), Xuhui (00884.HK), Risesun Real Estate Development (002146.SZ), and ZHONGLIANG HLDG (02772.HK) attending.
Selected Announcement | JD.com adjusted Net income in Q4 increased by 34.5% year-on-year; MTR CORPORATION's Net income for 2024 doubled year-on-year.
CHINA OVERSEAS sales in February increased by approximately 55%; HSBC Holdings spent 0.274 billion HKD to repurchase 3 million shares at a price of 90.35 to 91.9 HKD.
Zhongliang Logs 1.21 Billion Yuan in February Contracted Sales
In the first two months, ZHONGLIANG HLDG (02772) had a cumulative contract sales amount of approximately 2.31 billion yuan, a year-on-year decrease of 38.2%.
ZHONGLIANG HLDG (02772) announced that from January to February 2025, the group's cumulative contracted sales (including joint ventures...
【Brokerage Focus】CITIC SEC indicates that land reserve has a significant impact on new construction work, and housing prices are expected to stabilize strongly.
Jinwu Financial News | CITIC SEC noted that according to various local government official websites, regions such as Guangdong, Hunan, and Jilin have previously released announcements regarding the repurchase of idle land stock with special bonds. Generally, if land stock is not acquired through special bonds, government announcement is not required. Some areas have started earlier and have more cases, for example, YUEXIU PROPERTY and CHINA JINMAO have both published relevant information from the perspective of listed companies. The institution stated that strict control over incremental effects exceeded expectations; it is anticipated that housing prices in first and second-tier cities will strongly stabilize, with moderate recovery in housing prices in certain cities. The institution believes that when considering the impact of land reserves on planned areas, the scale of land reserves by 2025 will be less than 10% compared to the planned area.
Announcement Highlights | Dongfeng Group's shareholders plan restructuring; MEITU's Net income in 2024 may increase by over 50%.
MEITU's net income in 2024 may increase by more than 50%; SUNAC's sales in January rose more than 80% year-on-year.
Express News | ZHONGLIANG HLDG: The contracted sales amount in January is approximately 1.1 billion yuan.
Hong Kong stocks are moving differently | Mainland Real Estate stocks collectively declined. The real estate performance during the Spring Festival holiday was relatively subdued, and the performance of the top 100 real estate companies in January remaine
Mainland Real Estate stocks collectively fell. As of the time of writing, SINO-OCEAN GP (03377) fell by 6.15% to HKD 0.244; SUNAC (01918) fell by 5.52% to HKD 1.54; ZHONGLIANG HLDG (02772) fell by 3.81% to HKD 0.101.
Hong Kong stocks are experiencing fluctuations | Mainland Real Estate stocks are rising across the board, COUNTRY GARDEN (02007) is up nearly 30% since resuming trading, and the effects of real estate policies are continuing to manifest.
Mainland Real Estate stocks have surged across the board. As of the time of writing, COUNTRY GARDEN (02007) has risen by 27.84%, trading at HKD 0.62; ZHONGLIANG HLDG (02772) has increased by 20.39%, trading at HKD 0.124; RONSHINECHINA (03301) has gained 15.38%, trading at HKD 0.3.
Announcement Highlights | CGN POWER approximately acquired Nuclear Power Assets for 1.2 billion yuan; CH TIANBAO GP issued over 68 million shares at a premium of more than 81%.
CGN POWER invested approximately 1.2 billion yuan to acquire Nuclear Power Assets; ZHONGLIANG HLDG's sales in 2024 are expected to decline by nearly fifty percent year-on-year.
Zhongliang Holdings Logs 1.5 Billion Yuan in December Contracted Sales
ZHONGLIANG HLDG (02772.HK): The cumulative contract sales amount for 2024 reached 17.93 billion yuan.
On January 8, GeLonghui reported that ZHONGLIANG HLDG (02772.HK) announced that from January to December 2024, the group's accumulated contract sales (including contract sales from joint ventures and associates) amounted to approximately 17.93 billion yuan, with a total contract sales area of about 1.68 million square meters. The average contract sale price from January to December 2024 was around 10,700 yuan per square meter. In December 2024, the group's contract sales (including joint ventures and associates) amounted to approximately 1.49 billion yuan, with a contract sales area of about 0.137 million square meters.
UBS Group: The trend of inventory reduction in the real estate industry will continue this year, preferring KE Holdings (02423.HK) and Runxin (01109.HK).
UBS Group has released a report on Mainland Real Estate, expecting several trends from last year to continue this year, including an increase in the share of second-hand home sales, rising importance of the rental market, ongoing challenges for high-end malls, the rise of China’s real estate investment trusts under low interest rates, and a decline in the influence of policies on the domestic real estate market and Mainland Real Estate stocks. The bank expects the trend of inventory reduction in Mainland Real Estate to continue this year. It anticipates that the sales area of newly completed Residences and new starts will fall by 10% and 15% year-on-year, respectively, with home prices in first-tier cities decreasing by 10% year-on-year. The bank's latest inventory model shows that inventory reduction may be completed by mid-next year, earlier than the originally expected third quarter of next year, benefitting from recent policy stimuli. The bank prefers KE Holdings.