China Conch Venture Holdings Ltd. Reports 2.3% Rise in Sales to CNY 82.33 Billion and 3% Increase in Net Profit Attributable to Shareholders for 2024

Reuters09-26

China <a href="https://laohu8.com/S/00586">Conch Venture</a> Holdings Ltd. Reports 2.3% Rise in Sales to CNY 82.33 Billion and 3% Increase in Net Profit Attributable to Shareholders for 2024

China Conch Venture Holdings Ltd. reported its 2024 annual results, posting sales of CNY 82.326 billion, up from CNY 80.460 billion in 2023. Net profit attributable to equity shareholders from principal businesses was CNY 2.020 billion, compared to CNY 2.464 billion in the previous year. Operating income for the year was CNY 49.177 billion, up from CNY 47.753 billion in 2023. The company's gross profit margin increased to 34.7% in 2024, from 27.2% in 2023. Net profit from principal businesses attributable to equity shareholders declined year-on-year. The company also noted that national subsidies not yet confirmed for 16 bidding projects impacted total profit by approximately CNY 122.4 million, with CNY 50.4 million affecting 2023 and CNY 72 million affecting 2024 results. No changes or updates on business operations were specified in the released materials.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Conch Venture Holdings Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2570244072?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-26 15:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2570244072","market":"us","top_or_hot":-1,"title":"China Conch Venture Holdings Ltd. Reports 2.3% Rise in Sales to CNY 82.33 Billion and 3% Increase in Net Profit Attributable to Shareholders for 2024","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      China <a href=\"https://laohu8.com/S/00586\">Conch Venture</a> Holdings Ltd. Reports 2.3% Rise in Sales to CNY 82.33 Billion and 3% Increase in Net Profit Attributable to Shareholders for 2024\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        China Conch Venture Holdings Ltd. reported its 2024 annual results, posting sales of CNY 82.326 billion, up from CNY 80.460 billion in 2023. Net profit attributable to equity shareholders from principal businesses was CNY 2.020 billion, compared to CNY 2.464 billion in the previous year. Operating income for the year was CNY 49.177 billion, up from CNY 47.753 billion in 2023. The company's gross profit margin increased to 34.7% in 2024, from 27.2% in 2023. Net profit from principal businesses attributable to equity shareholders declined year-on-year. The company also noted that national subsidies not yet confirmed for 16 bidding projects impacted total profit by approximately CNY 122.4 million, with CNY 50.4 million affecting 2023 and CNY 72 million affecting 2024 results. No changes or updates on business operations were specified in the released materials.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Conch Venture Holdings Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Conch Venture Holdings Ltd. Reports 2.3% Rise in Sales to CNY 82.33 Billion and 3% Increase in Net Profit Attributable to Shareholders for 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Conch Venture Holdings Ltd. Reports 2.3% Rise in Sales to CNY 82.33 Billion and 3% Increase in Net Profit Attributable to Shareholders for 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-26 15:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      China <a href=\"https://laohu8.com/S/00586\">Conch Venture</a> Holdings Ltd. Reports 2.3% Rise in Sales to CNY 82.33 Billion and 3% Increase in Net Profit Attributable to Shareholders for 2024\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        China Conch Venture Holdings Ltd. reported its 2024 annual results, posting sales of CNY 82.326 billion, up from CNY 80.460 billion in 2023. Net profit attributable to equity shareholders from principal businesses was CNY 2.020 billion, compared to CNY 2.464 billion in the previous year. Operating income for the year was CNY 49.177 billion, up from CNY 47.753 billion in 2023. The company's gross profit margin increased to 34.7% in 2024, from 27.2% in 2023. Net profit from principal businesses attributable to equity shareholders declined year-on-year. The company also noted that national subsidies not yet confirmed for 16 bidding projects impacted total profit by approximately CNY 122.4 million, with CNY 50.4 million affecting 2023 and CNY 72 million affecting 2024 results. No changes or updates on business operations were specified in the released materials.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Conch Venture Holdings Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HK0000252160.HKD","symbol_name":"易方达 (香港) 中国股票股息基金A 类 (分派) 港元","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250926:nNDL2tHm8y:1","article_id":"2570244072","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570244072","pubTimestamp":1758871329,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China Conch Venture Holdings Ltd. Reports 2.3% Rise in Sales to CNY 82.33 Billion and 3% Increase in Net Profit Attributable to Shareholders for 2024. Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Conch Venture Holdings Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HK0000252160.HKD":"易方达 (香港) 中国股票股息基金A 类 (分派) 港元","BK1148":"建筑与工程","00586":"海螺创业","HK0000500386.USD":"易方达 (香港) 中国股票股息基金A 类 (累积) 美元","HK0000252152.HKD":"易方达 (香港) 中国股票股息基金A 类 (累积) 港元"},"translate_title":"中国海螺创业控股有限公司公布2024年销售额增长2.3%至823.3亿元人民币，归属于股东的净利润增长3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00586":0.9},"content_text":"China Conch Venture Holdings Ltd. Reports 2.3% Rise in Sales to CNY 82.33 Billion and 3% Increase in Net Profit Attributable to Shareholders for 2024\n    \n\n        China Conch Venture Holdings Ltd. reported its 2024 annual results, posting sales of CNY 82.326 billion, up from CNY 80.460 billion in 2023. Net profit attributable to equity shareholders from principal businesses was CNY 2.020 billion, compared to CNY 2.464 billion in the previous year. Operating income for the year was CNY 49.177 billion, up from CNY 47.753 billion in 2023. The company's gross profit margin increased to 34.7% in 2024, from 27.2% in 2023. Net profit from principal businesses attributable to equity shareholders declined year-on-year. The company also noted that national subsidies not yet confirmed for 16 bidding projects impacted total profit by approximately CNY 122.4 million, with CNY 50.4 million affecting 2023 and CNY 72 million affecting 2024 results. No changes or updates on business operations were specified in the released materials.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Conch Venture Holdings Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2570244072","isCrawlerRequest":true}