ZHUGUANG HOLD released its annual performance, with a loss attributable to shareholders of HKD 3.412 billion, an increase of 318.69% year-on-year. It will resume trading on April 10
ZHUGUANG HOLD released its annual performance for the year ending December 31, 2024, with revenue of HKD 1.586 billion, a year-on-year decrease of 31.16%; the loss attributable to shareholders was HKD 3.412 billion, a year-on-year increase of 318.69%. The loss per share was HKD 0.4627. The company will continue to expand its land reserves and explore new investment opportunities. The shares will resume trading on April 10, 2025
According to the Zhitong Finance APP, ZHUGUANG HOLD (01176) released its annual performance for the year ending December 31, 2024, reporting revenue of HKD 1.586 billion, a year-on-year decrease of 31.16%; the loss attributable to equity holders of the parent company was HKD 3.412 billion, a year-on-year increase of 318.69%; and the loss per share was HKD 0.4627.
The group's strategy is to maintain sufficient land reserves and accurately design urban layouts to ensure that it can support its own development needs for at least the next three to five years. The group has actively expanded its land reserves through various channels, including participating in government public listings, urban renewal projects, and acquiring other property development projects. As of December 31, 2024, the group's land reserves in China totaled approximately 747,300 square meters, including the total gross floor area available for sale, the total gross floor area that has been pre-sold but not yet delivered, and the total gross floor area available for lease. The group will continue to explore new investment and development opportunities in Chinese cities where it owns land investments and seek other cities in China with growth potential and the best investment value.
The company has applied to the Stock Exchange for the resumption of trading of its shares starting from 9:00 AM on April 10, 2025 (Thursday)
