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ROI exceeds 20%! China's wealthy flock to the $1.7 trillion "high-yield market"......
Chinese wealthy investors are pursuing the $1.7 trillion private crediting market, ignoring warnings of rising default rates, because some of these trades have an roi exceeding 20%.
C SUCCESS FIN: 2024 INTERIM REPORT
C SUCCESS FIN: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
C SUCCESS FIN: FURTHER SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE 2023 ANNUAL REPORT
c success fin (03623) is expected to achieve a significant increase in net income of about 1763% year-on-year in the medium term.
C Success Fin (03623) announced that the Group expects to... during the reporting period (ending June 30, 2024)...
"Profit warning" China Financial Development (03623.HK) is expected to narrow its losses by 32% to 42% year-on-year in the first half of the year.
China Financial Development (03623.HK) issued a profit warning, projecting a significant increase of approximately 1,763% in net income for the first half of this year ending in June, with losses narrowing by 32% to 42% compared to the same period last year. The company stated that the main reasons for the substantial increase in earnings during the reporting period include a net income of approximately 140 million yuan in guarantee business, a significant increase of 702% compared to the same period last year, mainly due to the growth of guarantee services. Additionally, the revenue from hog farming during the reporting period amounted to approximately 40 million yuan, marking a significant increase of 279% compared to the same period last year, primarily due to the increase in hog sales volume.
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