Chenxing Development Successfully Holds 2020 Annual Shareholders' Meeting
Release date:
Jun 03,2021
At 10:00 a.m. on May 28, 2021, the 2020 Annual General Meeting of Shareholders of Chenxing Development Holdings Limited ("Chenxing Development", stock code: 2286.HK) was successfully held in the conference room on the 6th floor of the Chenxing Development Building at the company's headquarters in Jinzhong, Shanxi Province.
2021 On the morning of May 28, at 10:00 At the time, Chenxing Development Holdings Limited ("Chenxing Development", stock code: 2286.HK ) 2020 The Annual General Meeting of Shareholders was held at the Chenxing Development Building, Shanxi Jinzhong Headquarters. 6 The tiered conference room hosted the meeting smoothly. Representatives from the major shareholders of the listed company—Mr. Bai Xuankui, Mr. Bai Guohua, and Mr. Dong Shiguang—as well as the company’s independent non-executive directors and senior executives, all attended the gathering. Additionally, representatives from Hong Kong Central Securities Depository Limited, Ernst & Young Accounting Firm, and Fangyuan Enterprise Service Group Limited either sent delegates or participated remotely via telephone conference.
This general meeting was chaired by Mr. Bai Guohua, the representative of the majority shareholder. Shareholders attending diligently listened to each agenda item, carefully reviewed and voted on them, and ultimately discussed—and unanimously approved—the company’s proposals. 2020 Annual audited consolidated financial statements, the Board of Directors' report, and the independent auditor's report, along with several key resolutions including the re-election of retiring directors and the renewal of the engagement with Ernst & Young Accounting Firm.
2020 This year, Chenxing Development achieved total contracted sales of approximately 9.22 Hundreds of millions of yuan, achieving sales revenue of approximately 12.08 Hundreds of millions, achieving a gross profit of approximately 4.64 Hundreds of millions of yuan, with net profits of approximately 2.36 Hundreds of millions of yuan, with basic earnings per share of approximately 0.34 Yuan, at the end of the reporting period, held land reserves with a total gross floor area of approximately 274 Ten thousand square meters.
Over the past 24 years, Chenxing Development has steadily transformed itself from a traditional, single-focus property developer into a diversified, pan-industry real estate model. At the same time, through strategic industrial restructuring and upgrades, rapid growth in its cultural and tourism sectors, and the infusion of Chinese cultural elements, the company has steadily emerged as a leading benchmark among local real estate enterprises in Shanxi Province.
In the future, the company will closely follow policy guidelines and align with current trends, focusing on profitability while ensuring project safety and quality. We’ll prioritize cost control and revenue recognition to maximize company earnings. At the same time, we’ll continue deepening our presence in the cultural and tourism sector, strengthening collaborations with leading external brands under the vision of "Chen Xiang." + "Based on our system philosophy, we are accelerating the upgrade and development of the company's soft power. Leveraging our strong overall capabilities and competitive edge, we are solidifying our core business in the market while actively exploring new frontiers for Chenxing. Steadfastly moving forward toward our corporate vision of becoming a 'health and lifestyle service provider.'"
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