Announcement • Mar 28
Zhenro Properties Group Limited, Annual General Meeting, Jun 25, 2026 Zhenro Properties Group Limited, Annual General Meeting, Jun 25, 2026. Announcement • Mar 14
Zhenro Properties Group Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Zhenro Properties Group Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Jan 02
Zhenro Properties Group Limited Announces Executive Changes, Effective January 1, 2026 Zhenro Properties Group Limited announced that Ms KWONG Yin Ping, Yvonne, one of the Company's joint company secretaries, will resign as a joint company secretary of the Company, and will cease to act as one of the authorised representatives of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and as the authorised representative for accepting service of process and notices on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), in each case, with effect from January 1, 2026. Ms Kwong has confirmed that (1) she has no disagreement with the Company; and (2) there are no matters relating to her resignation that need to be brought to the attention of the Stock Exchange and shareholders of the Company. Mr. CHAN King Tak, one of the joint company secretaries of the Company, who meets the qualification requirements of a company secretary under Rule 3.28 of the Listing Rules, will remain as a company secretary of the Company. The Board also announces that Mr. JIN Mingjie, one of the executive Director, has been appointed as one of the Authorised Representatives for the purposes of the Listing Rules with effect from January 1, 2026; and Mr. Chan has been appointed as the authorised representative for accepting service of process and notices on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from January 1, 2026. Announcement • Aug 18
Zhenro Properties Group Limited to Report First Half, 2025 Results on Aug 28, 2025 Zhenro Properties Group Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • May 09
Zhenro Properties Group Limited Announces Executive and Board Changes, Effective May 8, 2025 The Board of Zhenro Properties Group Limited announced that, with effect from 8 May 2025: Mr. Liu Weiliang has tendered his resignation as an executive Director, the chairman of the Board, the chairman of the nomination committee, a member of the remuneration committee and an authorised representative of the Company; Mr. Li Yang has tendered his resignation as an executive Director and the chief executive officer of the Company; Mr. Chan King Tak has been appointed as an executive Director, the chairman of the Board, the chairman of the nomination committee, a member of the remuneration committee and an authorised representative of the Company; Mr. Jin Mingjie has been appointed as an executive Director and the chief executive officer of the Company; Mr. Chan King Tak, aged 44, has joined the Company as its chief financial officer in September 2022 and has served as joint company secretary since December 2022. Mr. Chan has over 23 years of extensive experience in capital markets, financial management, corporate finance, compliance of the Listing Rules and corporate governance. Prior to joining the Company, Mr. Chan served as a company secretary of both Sino-Ocean Group Holding Limited (stock code: 3377) and Sino-Ocean Service Holding Limited (stock code: 6677) from April 2022 to August 2022. From June 2020 to September 2021, he served as the chief financial officer and company secretary of A-City Group Limited (an indirect wholly-owned subsidiary of Agile Group Holdings Limited (stock code: 3383)) and was primarily responsible for financial management and company secretarial matters. From May 2019 to June 2020, Mr. Chan served as an assistant to the chairman in the general management office department of Wang On Management Limited, a group member of Wang On Group Limited (stock code: 1222). From April 2010 to April 2019, Mr. Chan served various positions with his last position as a managing director of property division at Top Spring International Holdings Limited (stock code: 3688), where he was responsible for real estate investment and development, daily operations and financial management of Hong Kong and overseas real estate segment. From April 2004 to November 2009, Mr. Chan took up various positions at KPMG and was an audit manager when he left. Mr. Chan graduated from The Hong Kong Polytechnic University and was awarded with a bachelor's degree of arts in accountancy in November 2002, and completed the executive master of business administration programme from The Chinese University of Hong Kong and was awarded with a master's degree in business administration in November 2021. Mr. Chan has been a member of the Association of Chartered Certified Accountants since March 2006 and a member of The Hong Kong Institute of Certified Public Accountants since May 2010. Mr. Jin Mingjie, aged 32, has joined the Group since July 2014. Mr. Jin has extensive experience in operations and management and has held various positions within the Group. From July 2014 to August 2016, he was a management trainee of the Shanghai region of the Group. From August 2016 to September 2022, he was a legal representative and general manager of Shanghai Weizhen Real Estate Co. Ltd. Since July 2022, he has been a legal representative, manager and executive director of Zhenro Properties Holdings Company Limited. Mr. Jin graduated from Shandong University in June 2014 with a bachelor of arts. CHANGE OF AUTHORISED REPRESENTATIVE: Immediately following the resignation of Mr. Liu as an executive Director, he has ceased to be an authorised representative of the Company and the Board announces that Mr. Chan has been appointed as an authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 8 May 2025. CHANGE OF COMPOSITION IN BOARD COMMITTEES: The Board announces that, with effect from 8 May 2025, the composition of the committees of the Board will be changed as follows: Nomination committee: Mr. Liu has resigned as the chairman of the nomination committee of the Company. Mr. Chan and Ms. Yang Yongyi (``Ms. Yang'') have been appointed as the chairman and a member of the Nomination Committee, respectively. Remuneration committee: Mr. Liu has resigned as a member of the remuneration committee of the Company. Mr. Chan has been appointed as a member of the Remuneration Committee. Announcement • Mar 29
Zhenro Properties Group Limited, Annual General Meeting, Jun 20, 2025 Zhenro Properties Group Limited, Annual General Meeting, Jun 20, 2025. Announcement • Mar 14
Zhenro Properties Group Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Zhenro Properties Group Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Announcement • Jan 17
Zhenro Properties Group Limited Announces Board and Committee Changes The board of directors of Zhenro Properties Group Limited announced that Mr. Ou Guowei has tendered his resignation as the non-executive Director and a member of the audit committee of the Company with effect from 17 January 2025, in order to pursue his other business and work commitments. The Board announced that Mr. Xie Jun ("Mr. Xie'') has been appointed as a member of the Audit Committee with effect from 17 January 2025. Reported Earnings • Sep 04
First half 2024 earnings released: CN¥0.54 loss per share (vs CN¥0.34 loss in 1H 2023) First half 2024 results: CN¥0.54 loss per share (further deteriorated from CN¥0.34 loss in 1H 2023). Revenue: CN¥24.7b (up 33% from 1H 2023). Net loss: CN¥2.34b (loss widened 60% from 1H 2023). Announcement • Aug 22
Zhenro Properties Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2024 Zhenro Properties Group Limited provided earnings guidance for the six months ended June 30, 2024. The Group expects that it will record a loss attributable to owners of the parent of approximately RMB 2,200 million to approximately RMB 2,400.0 million for the period. Such expected increase in loss attributable to owners of the parent during the Period was primarily attributable to: (1) the increase in cost of sales and the decreased selling prices of the projects, resulting in a decrease in gross profit margin as compared to the Corresponding Period in 2023; (2) the decrease of interest capitalisation rate, resulting an increase in finance costs of approximately 130% to 140% as compared to the Corresponding Period; (3) the impairment losses recognised for properties under development and completed properties held for sale of approximately RMB 1,200 million for the Period (for the Corresponding Period: approximately RMB178 million); and (4) fair value losses on investment properties of approximately RMB 226 million for the Period (for the Corresponding Period: approximately RMB 121 million). Announcement • Aug 15
Zhenro Properties Group Limited to Report First Half, 2024 Results on Aug 29, 2024 Zhenro Properties Group Limited announced that they will report first half, 2024 results on Aug 29, 2024 Buy Or Sell Opportunity • Jun 07
Now 80% undervalued after recent price drop Over the last 90 days, the stock has fallen 83% to €0.0005. The fair value is estimated to be €0.0026, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 29
Full year 2023 earnings released: CN¥1.94 loss per share (vs CN¥2.95 loss in FY 2022) Full year 2023 results: CN¥1.94 loss per share (improved from CN¥2.95 loss in FY 2022). Revenue: CN¥38.8b (up 50% from FY 2022). Net loss: CN¥8.47b (loss narrowed 34% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 12 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
Zhenro Properties Group Limited, Annual General Meeting, Jun 14, 2024 Zhenro Properties Group Limited, Annual General Meeting, Jun 14, 2024. Announcement • Mar 15
Zhenro Properties Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Zhenro Properties Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Oct 02
First half 2023 earnings released: CN¥0.34 loss per share (vs CN¥0.60 loss in 1H 2022) First half 2023 results: CN¥0.34 loss per share (improved from CN¥0.60 loss in 1H 2022). Revenue: CN¥18.5b (up 44% from 1H 2022). Net loss: CN¥1.46b (loss narrowed 44% from 1H 2022). Reported Earnings • Aug 28
First half 2023 earnings released: CN¥0.34 loss per share (vs CN¥0.60 loss in 1H 2022) First half 2023 results: CN¥0.34 loss per share (improved from CN¥0.60 loss in 1H 2022). Revenue: CN¥18.5b (up 44% from 1H 2022). Net loss: CN¥1.46b (loss narrowed 44% from 1H 2022). Announcement • Aug 11
Zhenro Properties Group Limited to Report First Half, 2023 Results on Aug 25, 2023 Zhenro Properties Group Limited announced that they will report first half, 2023 results on Aug 25, 2023 Buying Opportunity • Apr 13
Now 61% undervalued after recent price drop Over the last 90 days, the stock is down 86%. The fair value is estimated to be €0.013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Mar 27
Now 60% undervalued after recent price drop Over the last 90 days, the stock is down 59%. The fair value is estimated to be €0.035, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Feb 22
Now 35% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €0.035, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jan 24
Now 28% undervalued Over the last 90 days, the stock is up 65%. The fair value is estimated to be €0.039, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jan 21
Zhenro Properties Group Limited Announces Board Changes The Board of Zhenro Properties Group Limited announced the following changes which have taken effect from 20 January 2023: Mr. Liu Weiliang, an executive Director, has been re-designated from the vice chairman of the Board to the Chairman, and has been appointed as the chairman of the Nomination Committee, a member of the Remuneration Committee and an authorized representative of the Company for the purpose of Rule 3.05 of the Listing Rules; and Mr. Huang Xianzhi has resigned as the Chairman, an executive Director, the chairman of the Nomination Committee, a member of the Remuneration Committee and an authorized representative of the Company for the purpose of Rule 3.05 of the Listing Rules, due to his plan to retire. Mr. LIU Weiliang, aged 38, was appointed as an executive director of the Company and the Chairman of the Board on 8 June 2020 and 20 January 2023 respectively. Mr. Liu has over 15 years of experience in the real estate industry. Mr. Liu joined the Group in June 2016 and has held various key positions successively, including (i) the deputy general manager of Zhenro (Changsha) Real Estate Co. Ltd. and the project manager for Yichun project of Zhenro Properties Holdings Company Limited (Zhenro Properties Holdings') from June 2016 to August 2017; (ii) the general manager of the merger department of the strategic investment centre and subsequently the general manager of the strategic investment centre of Zhenro Properties Holdings from August 2017 to May 2019; (iii) the vice president of Zhenro Properties Holdings from May 2019 to January 2021; (iv) a director of Zhenro Properties Holdings since November 2019; and (v) the vice chairman of the Board of the Company from 26 March 2021 to 19 January 2023. Mr. Liu has also held several positions in Zhenro Group Co. Ltd. since November 2018. He served successively as the deputy general manager of the strategic operation centre, the general manager of the human resources department, the assistant to the chief executive officer and the executive vice president. Since 11 November 2022, Mr. Liu has served as a non- executive Director of Zhenro Services Group Limited. Before joining the Group, Mr. Liu worked in several real estate companies in the PRC, including (i) the development manager of Evergrande Properties Changsha RealEstate Co. Ltd. and the deputy general manager of Chenzhou Real Estate Co. Ltd. successively from July 2008 to May 2012; and (ii) the deputy general manager of Heneng Properties Changsha Real Estate Co. Ltd. from May 2012 to June 2016. Mr. Liu obtained a bachelor's degree in engineering management from Changsha University of Science & Technology in 2007. Buying Opportunity • Jan 06
Now 21% undervalued Over the last 90 days, the stock is up 124%. The fair value is estimated to be €0.052, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Dec 16
Now 20% undervalued Over the last 90 days, the stock is up 48%. The fair value is estimated to be €0.057, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jun Xie was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
First half 2022 earnings released: CN¥0.60 loss per share (vs CN¥0.27 profit in 1H 2021) First half 2022 results: CN¥0.60 loss per share (down from CN¥0.27 profit in 1H 2021). Revenue: CN¥12.9b (down 20% from 1H 2021). Net loss: CN¥2.61b (down 324% from profit in 1H 2021). Over the next year, revenue is expected to shrink by 11% compared to a 47% decline forecast for the Real Estate industry in Germany. Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: CN¥0.18 (vs CN¥0.61 in FY 2020) Full year 2021 results: EPS: CN¥0.18 (down from CN¥0.61 in FY 2020). Revenue: CN¥37.0b (up 2.4% from FY 2020). Net income: CN¥809.0m (down 70% from FY 2020). Profit margin: 2.2% (down from 7.3% in FY 2020). Over the next year, revenue is expected to shrink by 3.8% compared to a 33% decline forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Hua Lin was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.19 (vs CN¥0.61 in FY 2020) Full year 2021 results: EPS: CN¥0.19 (down from CN¥0.61 in FY 2020). Revenue: CN¥37.0b (up 2.4% from FY 2020). Net income: CN¥809.0m (down 70% from FY 2020). Profit margin: 2.2% (down from 7.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.3% compared to a 31% decline forecast for the industry in Germany. Recent Insider Transactions • Feb 23
Insider recently sold €3.8m worth of stock On the 16th of February, Guoqiang Ou sold around 37m shares on-market at roughly €0.10 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.5m more than they bought in the last 12 months. Recent Insider Transactions • Nov 10
Insider recently bought €779k worth of stock On the 8th of November, Guoqiang Ou bought around 2m shares on-market at roughly €0.40 per share. In the last 3 months, they made an even bigger purchase worth €860k. Insiders have collectively bought €2.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 24
Insider recently bought €860k worth of stock On the 20th of September, Guoqiang Ou bought around 2m shares on-market at roughly €0.43 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 24
First half 2021 earnings released: EPS CN¥0.27 (vs CN¥0.20 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥16.0b (up 10% from 1H 2020). Net income: CN¥1.17b (up 33% from 1H 2020). Profit margin: 7.3% (up from 6.0% in 1H 2020).