CITIC SEC: Quality and price matching may become a direction encouraged by policy. The property Sector has significant upward elasticity in the future.
The bank suggests that investors pay attention to the policy turning point in the Property Service Sector.
ZHENRO SERVICES (06958) released annual performance results with a Shareholder attributable loss of 0.236 billion yuan, an increase of 190.58% year-on-year.
ZHENRO SERVICES (06958) released its annual performance report for the year ending December 31, 2024, with group revenue of 11 billion yuan...
Express News | Zhenro Services Group FY Gross Profit RMB 232.9 Million
Express News | Zhenro Services Group FY Revenue RMB 1,113.9 Million
ZHENRO SERVICES: RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
Hong Kong Property: In March, the number of Residence registrations in Hong Kong is expected to reach 5,000 cases, setting a new four-month high.
As of the 24th of this month, Hong Kong's Residence properties (including first-hand private housing, second-hand private housing, and second-hand public housing) have recorded 3,974 registrations.
ZHENRO SERVICES (06958.HK): It is expected that the loss attributable to the parent company's owners in 2024 will not exceed 0.3 billion yuan.
On March 19, Gelonghui reported that ZHENRO SERVICES (06958.HK) announced that it expects the loss attributable to the parent company's owners for the year ending December 31, 2024, will not exceed RMB 0.3 billion, while the loss attributable to the parent company's owners for the year ending December 31, 2023, was RMB 81 million. In 2024, the expected decline in performance is mainly due to: (1) goodwill impairment of no less than RMB 0.2 billion, affected by intense market competition, and several contracts of subsidiaries acquired in previous years not being renewed. This has led to a decrease in revenue and profit from these subsidiaries.
Express News | Zhenro Services - Expected Loss of Not More Than RMB300 Million for 2024
ZHENRO SERVICES: INSIDE INFORMATION PROFIT WARNING
Hong Kong Property: It is expected that the overall property registration volume in Hong Kong will rise to 5,000 cases in March.
According to Wang Pindi, Director of the Research Department of Hong Kong Real Estate, data from the Land Registry shows that as of this month (up to the 17th), Hong Kong has recorded a total of 2,908 property registrations (including new private residences, second-hand Residences, new public housing, commercial shops, pure parking spaces, and Other non-residential properties), an increase of approximately 16.6% compared to 2,493 registrations in the same period last February.
Zhenro Services Group Schedules Board Meeting for Annual Results
ZHENRO SERVICES (06958.HK) will hold a Board of Directors meeting on March 27 to consider and approve the annual performance.
On March 13, Gelonghui announced that ZHENRO SERVICES (06958.HK) will hold a Board of Directors meeting on March 27, 2025 (Thursday), to consider and approve the audited annual results of the company and its subsidiaries for the year ending December 31, 2024, and their publication, as well as to consider the proposal for the final dividend distribution (if any).
ZHENRO SERVICES: DATE OF BOARD MEETING
The 美联 house price Index fell by 0.13% week-on-week, continuing to create a new low of over 8 and a half years.
The latest "Morgan Stanley Confidence Index" reports 60.2 points, down 5.2% week-on-week, marking four consecutive weeks of decline. The financial budget announced a significant reduction of the property stamp duty for properties valued at 4 million HKD or below to 100 HKD, which is bullish for the atmosphere of the Hong Kong real estate market; however, several new developments have taken advantage of the situation to launch sales, and some eager sellers have lowered their prices, resulting in an increase in discounted listings and a decline in the confidence index.
Market Update | Property management stocks have risen across the board, with JINMAO SERVICES up over 9%, and CG SERVICES up nearly 8%. Leading companies in the property management Industry are continuously expanding their scale, and the Industry concentra
Recently, CRIC released the TOP 50 property service companies in China for new contract area in January 2025. In January, the TOP 50 companies added approximately 78.08 million square meters of new contract area, with new third-party expansion totaling 71.46 million square meters, and the scale of leading companies continues to expand.
According to CRIC: In January, the top 50 Property Service companies added contract area of approximately 78.08 million square meters, and the leading companies continue to expand their scale.
In terms of urban service projects, CHINA RES MIXC became the champion of contract amounts for urban service projects in January with a contract value of 83.95 million yuan.
ZHENRO SERVICES [06958] is currently reported at 0.142 Hong Kong dollars, down 11.25%.
As of 13:05, ZHENRO SERVICES [06958] reported HKD 0.142, down HKD 0.018 or 11.25% from yesterday's closing price of HKD 0.16, with a trading volume of HKD 0.0114 million. Today's highest price is HKD 0.142, and the lowest price is HKD 0.142. Based on yesterday's closing price, the 10-day average is HKD 0.16, and the 50-day average is HKD 0.17, with a current PE of -1.85 times and a 14-day strength index of 39.39.
Zhenro Services Group Announces Board Changes
ZHENRO SERVICES (06958.HK): Wei Qin will be appointed as an independent non-executive Director.
On December 20, Gelonghui announced that ZHENRO SERVICES (06958.HK) has reported that in pursuit of Other Business and work commitments, Ma Haiyue has submitted his resignation and will step down as the company's Independent Non-Executive Director, member of the Audit Committee, and member of the Nomination Committee, effective from December 31, 2024. Wei Qin will be appointed as an Independent Non-Executive Director, member of the Audit Committee, and member of the Nomination Committee, effective from December 31, 2024.
The Central Finger Research: In December, the SSE Conglomerates Index for property service prices in twenty cities slightly declined, with Wuhan experiencing the largest decrease.
In December 2024, the Property Service price SSE Conglomerates Index for twenty cities was 1075.37, a year-on-year decrease of 0.01% and a month-on-month decrease of 0.03%, with both year-on-year and month-on-month figures shifting from an increase to a decrease.