INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2019

INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2019

INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2019

Issued Date: 30/08/2019

Financial Highlights of 2019 Interim Results:

• For the six months ended 30 June 2019, the unaudited revenue increased to approximately RMB37.8 million, representing an increase of approximately 21.54% as compared to approximately RMB31.1 million for the corresponding period of last year.

• For the six months ended 30 June 2019, the profit attributable to equity shareholders of the Company amounted to approximately RMB18.7 million, representing a
decrease of approximately 35.29% as compared to approximately RMB28.9 million for the corresponding period of last year.

• For the six months ended 30 June 2019, basic earnings per share of the Group was approximately RMB0.04.

• The Board does not recommend the payment of an interim dividend for the six months ended 30 June 2019 (six month ended 30 June 2018: nil).

 

In order to ensure the advantages of property management business, the Group will strive to uphold a steady relationship with its existing clients, customer-oriented, actively enhance the service quality, furthermore, expand new businesses to increase future potential growth. Meanwhile, the Group will prolong the adoption of a strong alliance policy with China Everbright Group Limited (“China Everbright Group”) for synergistic effect to search for excellent investment projects in the PRC. The Group will adhere to the positioning of investment in commercial properties with the purpose of optimizing its own asset structure and quality, explore potential overseas investment, including the London, U.K., to maintain an equilibrium between domestic and foreign investments so as to intensify corporate competitiveness. Looking forward, the Group will strive to further broaden its property portfolio through acquisition of properties with a net initial yield and stable commercial leasing.

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