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Xiang Zhong International (01871.HK) annual net loss of 8.4 million yuan
On March 27, GLONGHUI announced to China International (01871.HK) that for the year ended December 31, 2023, the Group's overall financial performance improved slightly compared to the year ended December 31, 2022. Total revenue decreased by approximately 16.4% to RMB 39.9 million. Gross profit decreased by about 24.3% to RMB 8.6 million. This reduction was partially offset by a reduction in sales and marketing expenses and administrative expenses for the year ended 31 December 2023 compared to the year ended 31 December 2022. Net loss attributable to company owners decreased slightly to approximately RMB 840
Annual results announced to China International (01871), shareholders' share loss of 8.443 million yuan narrowed 2.58% year over year
The annual results for the year ended December 31, 2023 were announced to China International (01871). The Group's revenue was RMB 39...
CHINA ORIENTED: ANNOUNCEMENT ON THE ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
Issuance of 35.9582 million new shares to China International (01871.HK) according to the “2 for 1” benchmark
On March 21, GLONGHUI issued an announcement to China International (01871.HK) to allocate and issue 35.9582 million new shares on March 20, 2024 on the basis of receiving one share for each of the two issued shares held, at a stock offering of HK$0.20 per share.
Xiang Zhong International (01871): 3.94 million unsubscribed shares have been successfully placed to an independent undertaker
An announcement was issued to China International (01871). Since all the conditions contained in the placement agreement have been met separately, and the placement agreement is...
China International (01871.HK) expects annual net loss of about 7 million to 8.5 million yuan
On March 15, GLONGHUI announced to China International (01871.HK) that compared with a net loss of approximately RMB 8.7 million for the year ended December 31, 2022, the Group expects to record a net loss of approximately RMB 7.0 million to approximately RMB 8.5 million for the year ended December 31, 2023. The Board of Directors believes that the main reasons for this reduction in losses are as follows: (I) The Group's revenue from the driving training service business for large vehicles and small vehicles has declined. The reason is that market conditions in the logistics industry continue to deteriorate due to continued tension in trade relations between China and the US, leading to demand for driving courses
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