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rongzhong fin (03963): Wu Yingcong resigns as an independent non-executive director.
Rongzhong Fin (03963) announced that Wu Yingcong has resigned as an independent non-executive director of the company and no longer serves as a member of the audit committee...
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%.
RONGZHONG FIN: 2024 Annual Report
Performance: Rongzhong Fin (03963.HK) narrowed its annual losses to 9.62 million yuan.
Rongzhong Fin (03963.HK) announced the performance for the fiscal year ending in March, with revenue of 89 million yuan, an increase of 4.9% year-on-year. Losses narrowed from 125 million yuan in the previous year to 9.62 million yuan, with a loss per share of 2 cents. No final dividend declared.
Rongzhong Fin (03963.HK) had an annual income of about HKD 89 million, a year-on-year increase of about 4.9%.
On June 27, Grongzhong Fin (03963.HK) announced that as of the end of the fiscal year ending March 31, 2024, the group recorded revenue of about HKD 89.0 million, an increase of about 4.9% year-on-year. The company's annual loss was about HKD 7.6 million, a decrease of about 93.9% compared to the loss of about HKD 123.3 million recorded in the same period of last year. This was mainly due to (i) the reduction of expected credit losses provision for the group's financial assets by about HKD 78.1 million; (ii) the reduction of impairment provision for the group's goodwill by about HKD 9.6 million; and (iii) the sale of several subsidiaries of the group in the previous year.
RONGZHONG FIN: PRELIMINARY ANNOUNCEMENT OF THE AUDITED ANNUAL RESULTSFOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 ANDCLOSURE OF REGISTER OF MEMBERS
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