Financial news
Written by: Lin Leqian
2020-03-27 17:19
Last updated: 2020-03-27 17:19The Bank of Communications (3328) announced its annual results for the year ended last year, an increase of 5% year-on-year to 77.281 billion yuan (the same applies to RMB ‧ hereinafter), and a final payment of 0.315 yuan.
Net interest income was 144.083 billion yuan, an increase of 10.1% year-on-year, and net interest margin was 1.58%, an increase of 0.07 percentage points year-on-year.
Net fee and commission income was 43.626 billion yuan, up 5.8% year-on-year.
The non-performing loan ratio was 1.47%, a year-on-year decrease of 0.02 percentage points; the repair coverage ratio was 171.77%, a year-on-year decrease of 1.36 percentage points. The core tier 1 capital adequacy ratio was 11.22%, up 6 basis points year-on-year.
Li Ning made more than double last year
Li Ning (2331) announced its annual results. The profit for the period increased by 1.1 times to RMB 1.499 billion (the same below). After deducting the one-time non-operational gains and losses, the profit rose 77% to RMB 1.266 billion, and the earnings per share were 61.94 cents. The final dividend was 15.47 cents, an increase of 76% year-on-year.
During the period, revenue rose 32% to RMB 13.887 billion, gross profit margin increased by 1 percentage point to 49.1%, overall same-store sales increased by 10-20%, and new retail sales (online and offline) increased by 20-30%. As of the end of December last year, there were a total of 6,449 Li Ning sales points (excluding Li Ning Young) in the Mainland, a net increase of 105 during the year; Li Ning Young sales points increased by 1,101, a net increase of 308 during the year.
The Group stated that the new pneumonia would inevitably affect the Group's operating conditions and financial performance. This year ’s overall outlook may face severe tests. It is temporarily difficult to predict the final impact of the spread of the virus on society, the economy and the Group ’s operations. It will continue to pay close attention to Epidemic trends and market conditions.
China Zhongwang earns 28% less and suspends final dividend
China Zhongwang (1333) announced that it lost 28% last year to 3 billion yuan (RMB. The same applies hereinafter); earnings per share were 0.43 yuan; no final dividend was paid;
During the period, total revenue fell 7.9% year-on-year to 23.58 billion yuan. The overall gross profit margin was 30.1%, down 1.5 percentage points.
Xuhui made 19% more last year with a special dividend of 28 HK cents
Xuhui (0884) announced that it earned 19% more last year to 6.44 billion yuan (the same applies hereinafter), with a final dividend of about 24 Hong Kong cents and a special dividend of about 4 Hong Kong cents.
During the period, earnings rose by 29.3% to 54.8 billion yuan. Contract sales increased 32% to RMB 200.6 billion.
Longguang's net profit rose 36% last year with a final dividend of 45 HK cents
The profit attributable to shareholders of Longguang (3380) last year was 11.27 billion yuan (the same applies hereinafter), up 36% year-on-year, and paid a final dividend of 45 HK cents per share, for a total annual dividend of 83 HK cents.
During the period, earnings rose 30% to 57.48 billion yuan. Property sales income came from Shenzhen, other regions of the Greater Bay Area, Shantou, Nanning and other regions, accounting for approximately 33.4%, 33.7%, 11.6%, 18.5% and 2.8%, respectively.
Taiping's dividend doubled last year
China Taiping (0966) announced its annual results for the year to the end of last year. The profit attributable to shareholders was 9.01 billion yuan, an all-time high, an increase of 30.9% year-on-year, and a dividend of 30 cents, an increase of 200% year-on-year.
The company's total premiums and policy income last year were 223 billion yuan, an increase of 11.7% year-on-year; the value of new domestic life insurance business was 10.511 billion yuan, a year-on-year decrease of 20.6%.
The company also pointed out that as of the end of last year, the scale of investment assets reached 760.3 billion yuan, an increase of 25% year-on-year, and investment income of 32.636 billion yuan, an increase of 42.3% year-on-year. At the same time, it actively adjusted its position structure and increased long-term equity investment and high dividend stock allocation. Realized net investment income of 32.294 billion yuan, an increase of 25.8% year-on-year, of which the share of the results of associates and joint ventures was 1.761 billion yuan, an increase of 411.9% year-on-year.
Dreamland Revenue Increases 18% YoY
Chuangmeng Tiandi (1119) announced the annual results as of the end of last year. The profit attributable to shareholders was 352 million yuan (the same applies to RMB ‧ hereinafter), an increase of 43% year-on-year, and no dividend was paid.
Revenue for the period was 2.792 billion yuan, an increase of 18.1% year-on-year, and gross profit was 1.225 billion yuan, an increase of 18%; adjusted annual profit was 553 million yuan, an increase of 27.6% year-on-year.
The company pointed out that in the future, it will focus on the development of elimination games, other casual games, and medium and heavy RPG games.
The company also pointed out that this year is an important year for the next development of the gaming industry. As mentioned earlier, new technologies such as 5G and cloud gaming are driving the game industry to further upgrade and change; Into an important competitive advantage.
Milan Station loses 23.5 million yuan
Milan Station (1150) announced that last year's loss decreased by 41% to 23.5 million yuan, revenue fell by 12.4% to 230 million yuan, and gross profit margin increased by 1.1 percentage points to 20.6%. No final dividend. The Group explained that the decrease in losses was mainly due to the decrease in rental expenses of retail stores due to the closure of non-profit stores and the decrease in fair value losses of financial assets at fair value through profit or loss of approximately RMB 62 million.
The Group expects that the local retail market will decline further this year. The Group will adopt a prudent and flexible strategy. It will also focus on controlling costs and reviewing its retail strategy. It is cautious about its business performance this year.
[Continuous Update] Hong Kong stocks opened higher and lower, rose 131 points throughout the day
Taixing's adjusted profit is reduced by 12%
Yangtze River Life Science and Technology suspended trading, said that the share price of the new crown pneumonia test agent had soared nearly 50%
HKTV forecasts first-quarter merchandise trading volume of over 1.2 billion yuan, stock price still down 2% against market trend
Li Ning Company Performance
