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EVER REACH GP: (1) POSTPONEMENT OF BOARD MEETING; AND(2) CONTINUED SUSPENSION OF TRADING
EVER REACH GP (03616.HK) will release its Earnings Reports on December 23.
$EVER REACH GP (03616.HK) will release its Earnings Reports on December 23, and investors should pay attention. Futubull reminder: 1. There are no strict regulations on the fiscal year division time for companies listed on the Hong Kong and U.S. stock exchanges; it is entirely decided by the enterprise itself, so each earnings report period can serve as the cutoff date for the company's annual report, rather than relying on the natural year as the fiscal year. 2. Generally, the company will hold an earnings report meeting on the stated release date or nearby dates, during which company management will discuss and explain the latest quarterly earnings report data and operation status, and communicate with investors, analysts, media, etc.
Ever Reach Group (Holdings) Expects to Swing to Loss in H1
The "profit warning" announced that Hengda Group (03616.HK) forecasts a loss in the first half of the year and will continue to suspend trading.
EVER REACH GP (03616.HK) issued a profit warning, expecting that the net profit for the fiscal year ending in 2023 will be between 34.8 million and 38.8 million RMB, a year-on-year decrease of 50.1% to 55.3%; and estimating a loss of between 35.1 million and 37.1 million RMB in the first half of 2024, turning from profit to loss. The main reasons are the decline in gross margin; and an increase in provisions for the decline in value of properties held for sale or under construction for sale. The company's shares have been suspended from trading since April 2 and will continue to be suspended.
EVER REACH GP (03616.HK) expects its revenue for 2023 to be approximately 3.4 billion to 3.6 billion yuan.
Gelonghui, December 12, EVER REACH GP (03616.HK) announced that based on a preliminary assessment of the company's consolidated management accounts for the year ending December 31, 2023, and for the six months ending June 30, 2024, as well as currently available information: (i) the Board of Directors expects to achieve an income of approximately RMB 3.4 billion to RMB 3.6 billion for the fiscal year 2023, which represents an increase of approximately 17.2% to 24.1% compared to the income of RMB 2.9 billion for the year ending December 31, 2022; (ii) the Board of Directors expects the estimated after-tax profit for the fiscal year 2023 to be RMB 34.
EVER REACH GP: (1) INSIDE INFORMATION - PROFIT WARNING; AND (2) CONTINUED SUSPENSION OF TRADING