China Renaissance Hlds 1911

[winston]

vested

(1) QUARTERLY UPDATE ON RESUMPTION PROGRESS
(2) DELAY IN PUBLICATION OF AUDITED 2023 ANNUAL RESULTS, FURTHER DELAY IN PUBLICATION OF AUDITED 2022 ANNUAL RESULTS,DESPATCH OF 2022 ANNUAL REPORT AND 2023 INTERIM REPORT;
(3) POSTPONEMENT OF BOARD MEETING; AND
(4) CONTINUED SUSPENSION OF TRADING

https://www1.hkexnews.hk/listedco/listc ... 804840.pdf







https://www1.hkexnews.hk/listedco/listc ... 804840.pdf

[winston]

vested

1H 2024

Revenue: -39%; RMB 328m
Loss: RMB 74m

As at the end of the Reporting Period, the Group had 521 employees, representing a decrease of 8% compared to the end of 2023.

https://www1.hkexnews.hk/listedco/listc ... 501798.pdf

[winston]

vested

China Renaissance dives 66pc as trading resumes

The lender published its long-overdue financial results last week which showed an attributable loss of 471.9 million yuan (HK$516 million) for 2023 and a loss of 73.8 million yuan for the six months ended June 30.

Source: The Standard

https://www.thestandard.com.hk/section- ... ng-resumes

[winston]

not vested

China Renaissance banks on cryptocurrencies to revive its fortunes

Renaissance Capital gets into crypto

The investment bank plans to spend $100 million on digital assets as it struggles to boost its business in a weak Chinese economy

Key Takeaways:

China Renaissance plans to invest $100 million in digital assets, more than two years after its former founder and chief rainmaker was detained for bribery

The move comes as the company’s main investment banking business faces headwinds amid an economic slowdown in China, while cryptocurrencies are on a bull run

By Warren Yang

Last year, the company’s revenue, excluding investment gains, dropped about 23% to 777 million yuan ($108 million).

The $100 million is a substantial sum for China Renaissance, equal to more than half of its cash holdings at the end of last year.

Source: Bamboo Works

https://thebambooworks.com/china-renais ... -fortunes/

[winston]

not vested

August 12, 2025

POSITIVE PROFIT ALERT

The Group expects to record a profit for the period attributable to owners of the Company of approximately RMB64.98 million for the six months ended June 30, 2025, as compared to a loss for the period attributable to owners of the Company of RMB73.82 million for the corresponding period in 2024.

Such turnaround from loss to notable profit of the Group for the six months ended June 30, 2025 is mainly attributable to:-
(i) significant increase in operating profit of the Group’s investment management business segment which has provided strong ongoing support to the Group’s financial performance,
(ii) significant reduction of loss from China Renaissance Securities (China) Co. Ltd. for the six months ended June 30, 2025, and
(iii) the Group has achieved remarkable results in reducing operating costs, with notable decreases in operating expenses.

https://www1.hkexnews.hk/listedco/listc ... 200589.pdf

https://www1.hkexnews.hk/listedco/listc ... 200589.pdf

[winston]

vested

1H Results

Revenue: +29%; RMB 425m
Profit: RMB 65m from loss of RMB 74m

https://www1.hkexnews.hk/listedco/listc ... 801516.pdf