(Hong Kong, 26 November 2019) – Chuang’s China Investments Limited (“Chuang’s China” or “the Group”) (HKSE: 0298) announced its interim results for the six months ended 30 September 2017 (“the Period under Review”). During the Period under Review, revenues of the Group was approximately HK$81.3 million, decreased by approximately 35.9% compared to HK$126.9 million of the last corresponding period in 2018 as a result of the decrease in sales of properties in the People’s Republic of China (the “PRC”). Profit attributable to equity holders of the Company for the six months ended 30 September 2019 amounted to HK$21.3 million (2018: HK$94.3 million). Earnings per share was 0.91 HK cent (2018: 4.01 HK cents).
Mr. Albert Chuang Ka Pun, Managing Director and Executive Director of Chuang’s China, said “The global political and economic uncertainty continue to affect business prospects and confidence of investors. The PRC’s economy is facing challenge to maintain its growth whilst Hong Kong is facing its unprecedented internal challenge, all these factors have caused a slow-down on the Group’s business initiatives in the short term. However, the Group believes that the fundamental factors underpinning the long-term healthy growth in the PRC will remain intact. Going forward, the Guangdong-Hong Kong-Macao Greater Bay Area and Belt and Road Initiative will be the growth drivers for the PRC and create business opportunities for Hong Kong. To weather the challenges, the Group will exercise stringent control over its financial position by adhering to the ‘cash is king’ principle, while closely monitoring business opportunities under this strategy.”