Chinanewtown (01278) announced that, as of September 30, 2024, excluding the provision for impairment of risky projects...
According to the announcement from Chinanewtown (01278) on September 30, 2024, after deducting the provision for impairment of risky projects, the total amount of the company's fixed income investment portfolio is approximately RMB 2.863 billion. Excluding risky projects, other projects have an annualized pre-tax guaranteed investment income of approximately RMB 0.191 billion, corresponding to an average annual pre-tax investment return rate of about 6.7%.
Compared with the investment portfolio as of June 30, 2024, the group added new investment projects in the third quarter, including the Yangzhou Hanjiang Park sewerage project, Jingjiang Furuite aluminum new materials project, and Wuxi Liangxi District pharmaceutical circulation supply chain industry project. The withdrawal from the Wuxi Liangxi District Food Innovation Center project amounted to RMB 0.351 billion, and has already received all principal and related guaranteed investment returns.