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HUARONG INTERNATIONAL FINANCIAL HOLDINGS LIMITED

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Huarong International Financial Holdings Limited Announces Delay in Publication of Audited Annual Results for the Year Ended 31 December 2020 on 31 March 2021

03/31/2021 | 09:21pm EST

The board of directors of Huarong International Financial Holdings Limited announced that the Company is unable to publish the audited annual results of the Group for the year ended 31 December 2020 (the "Annual Results") on 31 March 2021 due to the reason that the Company is still in the process of discussing with its auditors on the valuation of certain assets, and further information is requested by the auditors for the purpose of completing their relevant audit procedures. The Company is working closely with its auditors to provide all the requisite information and documents to complete the audit procedures as soon as possible. However, the expected date of the publication of the Annual Results will need to be further determined with the auditors and will be announced as and when appropriate.


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Financials
Sales 2020 -1 553 M -199 M -199 M
Net income 2020 -2 675 M -343 M -343 M
Net Debt 2020 7 295 M 936 M 936 M
P/E ratio 2020 -0,38x
Yield 2020 -
Capitalization 1 594 M 205 M 205 M
EV / Sales 2019 -11,8x
EV / Sales 2020 -5,60x
Nbr of Employees 82
Free-Float -
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Managers and Directors
Jun Lai Wang Chief Executive Officer & Executive Director
Xiao Wu Xu Executive Chairman
Li Shan Ma Independent Non-Executive Director
Huan Fei Guan Independent Non-Executive Director
Ka Hai Hung Independent Non-Executive Director