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

Reuters

2025/09/26

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.

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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. 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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":"BK1148","symbol_name":"建筑与工程","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. 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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":true,"code":"91000000","status":"200"}}}