C WAN TONG YUAN (06966.HK) has a net profit of 9.848 million yuan in 2024, a decrease of 44.1% year-on-year.
On March 31, Glodon announced that C WAN TONG YUAN (06966.HK) reported that for the fiscal year ending December 31, 2024, the group's revenue is approximately RMB 44.013 million, a decrease of 22.7% compared to 2023. The profit attributable to the company’s owners is RMB 9.848 million, a year-on-year decrease of 44.1%. The Board of Directors recommends a final dividend of 0.55 Hong Kong cents per share for the year ending December 31, 2024 (2023: 1 Hong Kong cent). The funeral service market in Langfang is concentrated. The demand for the company's funeral services and the company's revenue growth are driven by Langfang and the entire JING-JIN-JI metropolitan area.
C WAN TONG YUAN: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
China Wan Tong Yuan's Profit to Fall Up to 46% in 2024
In the profit warning, C WAN TONG YUAN (06966.HK) expects a decrease in annual profit by 40%-46%.
C WAN TONG YUAN (06966.HK) issued a profit warning, expecting that the company's attributable profit and total comprehensive income for the fiscal year 2024 will be between 9.5 million and 10.5 million RMB, a decrease of 40.3%-46% compared to the previous year. This is primarily due to a decline in the demand for burial plots leading to a decrease in sales revenue from cemetery plots; and the expansion of funeral projects and the extension of Funeral services business resulting in increased expenses such as travel, labor, and depreciation amortization.
C WAN TONG YUAN (06966) issued a profit warning, expecting the annual profit attributable to Shareholders and total comprehensive income to be between 9.5 million yuan to 10.5 million yuan, representing a decrease of approximately 40.3% to 46.0% year-on-y
C WAN TONG YUAN (06966) announced that compared to the year ending December 31, 2023, the group's shareholders...
C WAN TONG YUAN (06966.HK) plans to hold a Board of Directors meeting on March 31 to approve the annual performance.
Gelonghui March 12丨C WAN TONG YUAN (06966.HK) announced that the Board of Directors will hold a meeting on March 31, 2025 (Monday) to address the following matters: 1. Consider and approve the audited consolidated annual results of the company and its subsidiaries for the year ending December 31, 2024, and its release; 2. Consider the distribution of final dividends for the year ending December 31, 2024 (if any); 3. Consider and approve the time and place for the annual general meeting of shareholders; and 4. Address any Other matters.
Wan Tong Yuan Expands Langfang Portfolio With 55 Million Yuan Land Acquisition
c wan tong yuan (06966.HK) subsidiary invested 54.7136 million yuan to purchase land in Langfang City, hebei Province.
Gelonghui December 3rd, c wan tong yuan (06966.HK) announced that on December 2, 2024, the buyer (Langfang Lankong Wantong Cemetery Co., Ltd., a non-wholly-owned subsidiary of the company) had signed a state-owned land use right transfer contract with the Langfang Bureau, at a price of RMB 54.7136 million. The land is located on the north side of Yongding Road and the west side of Yongxing River in Langfang City, Hebei Province, with a land area of 70,546.27 square meters. The land is designated for funeral-related purposes. The group plans to develop and sell burial plots on the land. According to the state-owned land use right transfer contract, it will be completed in 202
C WAN TONG YUAN: INTERIM REPORT 2024
C WAN TONG YUAN: INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
C Wan Tong Yuan (06966.HK) will hold a board of directors meeting on August 29th to approve the mid-term performance.
China Wan Tong Yuan (06966.HK) announced on August 14 that the board of directors will convene a meeting on August 29, 2024 to approve the mid-term performance of the company and its subsidiaries for the six months ending on June 30, 2024, and to consider the recommendation of interim dividend (if any).
China Wan Tong Yuan Expects Lower Profit in H1
China Wan Tong Yuan (06966.HK) issued a profit warning, expecting a decrease of approximately 43% to 50% in their interim profit.
On August 6th, Geelong announced that China Wan Tong Yuan (06966.HK) had a total profit and comprehensive income attributable to equity holders of approximately RMB 139.5 million, compared to the same period last year. The Group expects to record a total profit and comprehensive income attributable to equity holders of the company of approximately RMB 7.00 million to RMB 8.00 million for the six months ending June 30, 2024, a decrease of approximately 43% to 50%. The decrease in profit is mainly due to (i) the decrease in sales revenue from cemetery plots due to the decrease in demand for cemetery plots; (ii) the expansion of funeral projects and the extension of funeral services, resulting in travel, labor, depreciation and amortization costs.
C WAN TONG YUAN: PROFIT WARNING
C WAN TONG YUAN To Go Ex-Dividend On June 25th, 2024 With 0.01 HKD Dividend Per Share
June 21st (Beijing Time) - $C WAN TONG YUAN(06966.HK)$ is trading ex-dividend on June 25th, 2024.Shareholders of record on June 26th, 2024 will receive 0.01 HKD dividend per share on July 11th, 2024.
C Wan Tong Yuan (06966.HK): Dexin China and the group are not related.
China Wan Tong Yuan (06966.HK) announced that Dexin China (02019.HK) was ordered to be liquidated by the Hong Kong High Court on June 11, and Dexin China or any of its subsidiaries are not related to the group. The liquidation order does not affect the group's business and operations because it is not related to the group. The group stated that its independent non-executive director, Wang Yongquan, had served as the independent non-executive director of Dexin China since January 11, 2019, until he resigned as the independent non-executive director of Dexin China with immediate effect on June 11 of this year. He confirmed that he was not related to the liquidation order or any related allegations against Dexin China.
China Wan Tong Yuan Logs Lower 2023 Profit Despite Higher Revenue
C WAN TONG YUAN: Annual Report 2023
Express News | Funeral companies have higher profit margins than real estate companies
China Wantongyuan (06966) will pay a final dividend of HK$0.01 per share on July 11
According to the Zhitong Finance App, China Wantongyuan (06966) announced that it will pay a final dividend of HK$0.01 per share for the year ended December 31, 2023 on July 11, 2024.