The Zhitong Finance App learned that Beichen Industrial (00588) rose more than 9%. As of press release, it had risen 9.76% to HK$0.90, with a turnover of HK$8.72 million.
According to the news, Beichen Industrial Co., Ltd. recently released its quarterly report for fiscal year 2023. The company achieved operating income of 4,084 billion yuan from January 1, 2023 to March 31, 2023, an increase of 83.84% over the previous year. Net profit attributable to the parent company was 32.6692 million yuan, an increase of 1.92% over the previous year, and basic earnings per share was 0.01 yuan.
According to reports, the main business of Beijing Beichen Industrial Co., Ltd. includes real estate development, exhibition (including hotels), and commercial properties. Since 2007, the company has won the title of “China Complex Real Estate Professional Leading Brand” by the China Real Estate TOP10 Research Group for 14 consecutive years. The reception service for a series of national, comprehensive and international conferences represented by the Olympics, the APEC Conference, the Trade in Services Fair, the Hangzhou G20 Summit, the “Belt and Road” International Cooperation Summit, the Xiamen BRICS Meeting, the China-Arab Countries Expo, the SCO Qingdao Summit, the Beijing Summit of the China-Africa Cooperation Forum, the first United Nations World Geographic Information Conference, the 8th Beijing Xiangshan Forum, the Beijing World Horticultural Exposition, and the Asian Civilizations Dialogue Conference, created a world-renowned service reputation for Beichen.
Since this year, the exhibition industry has pressed the “recovery button”, and many large-scale exhibitions have been held in various places one after another. According to data released by the Ministry of Commerce on April 27, a total of 540 exhibition events were held in domestic professional pavilions in the first quarter, an increase of 3.3 times over the previous year; the total exhibition area was 10,311,000 square meters, an increase of 2.3 times over the previous year, and the exhibition industry is recovering strongly. In terms of cities, Beijing hosted nearly 20 exhibitions of all kinds in April, almost as many as the previous three months combined.