Weihaiwei under British rule

Hi Sun Tech Announces 2020 Annual Results: Profit for the Year Increases 14% to HK$779 million

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星期一, 三月 29, 2021
Foreign exchange market, Currency, Fixed exchange rate, Hong Kong dollar, Weihaiwei under British rule, New York Stock Exchange Building

Cloopen (NYSE:RAAS), an associated company of the Group, began trading on the New York Stock Exchange on 9 February 2021(NYT).

Key Points: 
  • Cloopen (NYSE:RAAS), an associated company of the Group, began trading on the New York Stock Exchange on 9 February 2021(NYT).
  • During the Year, the Group's consolidated revenue reached HK$4,143.4 million, representing a decrease of 26% when compared with HK$5,576.0million for the same period last year.
  • The Group's operating profit was HK$653.1 million, representing an increase of 13% when compared with HK$578.2 million the same period last year.
  • Profit for the year was HK$779.1 million, representing an increase of 14% when compared with HK$683.0 million for the same period last year.

HKC Announces 2020 Annual Results, Net Profit drops 36% to HK$241.6 Million

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星期四, 三月 18, 2021
Foreign exchange market, Currency, Fixed exchange rate, Hong Kong dollar, Weihaiwei under British rule, Net income, Economy

During the Period Under Review, turnover amounted to HK$1,184.0 million (2019: HK$1,036.9 million), and gross profit amounted to HK$662.2 million (2019:HK$682.4 million).

Key Points: 
  • During the Period Under Review, turnover amounted to HK$1,184.0 million (2019: HK$1,036.9 million), and gross profit amounted to HK$662.2 million (2019:HK$682.4 million).
  • Due to reduced higher-margin leasing revenues, gross profit margins dropped to 56% from 66% in 2019.
  • The Group was also negatively impacted by a HK$98.4 million revaluation loss on its investment properties.
  • As a result, net profit declined 36% to HK$241.6 million.