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LONKING (03339.HK) plans to hold a Board of Directors meeting on March 26 to approve the annual performance.
Glory Financial reported on January 24 that LONKING (03339.HK) announced that the Board of Directors meeting will be held on March 26, 2025, at the fifth floor of Jucai Building, No. 26, Minyi Road, Songjiang Industrial Zone, Shanghai, to consider and approve the financial performance report for the year ending December 31, 2024, and the payment of the final dividend (if any).
LONKING: DATE OF BOARD MEETING
Selected announcements | In 2024, CITIC SEC's Net income is nearly 22 billion yuan, a year-on-year increase of over 10%; invested 13.7 billion yuan! Zijin Mining Group takes over the control of Zangge Mining.
① How is CITIC SEC's net profit of nearly 22 billion yuan in 2024 growing? ② How large is CHINA RES POWER's annual photovoltaic power generation growth of over 140%?
Lonking Holdings Anticipates Up to 66% Higher Net Profit in 2024
In the "Earnings Alert," LONKING (03339.HK) expects that last year's net profit will increase by up to 66% year-on-year.
LONKING (03339.HK) has issued a profit warning, expecting a significant increase in net profit for the year ending December last year. The net profit during this period is estimated to be between 1 billion and 1.07 billion yuan, representing a year-on-year increase of 55% to 66%. The increase in net profit during this period is mainly due to the effectiveness of the group’s cost control measures and the sustained growth in export revenue, with the overall gross margin of products improving year-on-year; net income from financial assets has also grown year on year.
LONKING (03339.HK) expects annual Net income of approximately 1 billion yuan to -1.07 billion yuan, a year-on-year growth of 55% to 66%.
On January 17, Gelonghui reported that LONKING (03339.HK) announced a significant increase in net income expected for the year ending December 31, 2024, compared to the same period last year. The Board of Directors anticipates that net income during the reporting period will be approximately between 1 billion yuan and 1.07 billion yuan, an increase of 55% to 66% compared to the same period last year. The increase in net income during the reporting period is mainly due to (i) the group's effective quality improvement and cost control measures, along with sustained growth in export revenue, leading to an increase in the overall gross margin year-on-year; (ii) net gains from financial assets increasing year-on-year.