With the selection of the value list of Jinqilin listed companies in Hong Kong stock market opened, thousands of companies will compete fiercely for the eight Project Awards. Who is the most leading entrepreneur, such as Zhang Yong, Yu Liang, Wang Xing, Lei Jun, Xu Jiayin and Ding Lei.
Zhongtian International (02379-hk) announced that based on the preliminary review of the group’s unaudited comprehensive management accounts for the six months ended June 30, 2020, it is estimated that the net profit attributable to shareholders of the group in the six months ended June 30, 2020 is about 73.7 million yuan (RMB. The same below) substantially reduces by more than 90%.
this is mainly due to the land acquisition income of about $48.8 million in six months of 2019, which is not available in the six months of 2020; and (II) the reversal of deferred tax liabilities of about $27.6 million in the six months of 2019 is due to the tax-free income generated from the above land acquisition, which is partially offset by the increase in income.