Important Notice
The Board of Directors of the company guarantees that the information contained in this report does not have any false records, misleading statements, or major omissions, and assumes individual and joint responsibility for the authenticity, accuracy, and completeness of its content.
Company Overview
- Legal Chinese Name: 深圳市中侨发展股份有限公司
Legal English Name: SHENZHEN OVERGLOBE DEVELOPMENT CO., LTD. - Company Registration Office Address: 3rd Floor, Xihu Garden, Bao'an South Road, Luohu District, Shenzhen, Postal Code: 518008
Company Email: sz0047@163.net - Legal Representative: Huang Anmin
- Secretary of the Board: Yang Yumei
Authorized Representative for Securities Affairs: Mu Lingxia
Contact Address: 3rd Floor, Xihu Garden, Bao'an South Road, Luohu District, Shenzhen
Phone: 0755-5566868
Fax: 0755-5566222
Email: sz0047@163.net - Selected Newspaper for Information Disclosure: Securities Times
Website for Annual Report: www.cninfo.com.cn
Location for Annual Report: Secretary of the Board's Office - Stock Exchange: Shenzhen Stock Exchange
Stock Abbreviation: ST Zhongqiao
Stock Code: 000047
Business Review and Outlook
- During the reporting period, the company's operating conditions improved significantly due to a major asset restructuring in 2001, enhancing asset quality. However, as the original real estate development business has been divested and the new main business has not yet formed, the company continued to incur losses in the first quarter of 2002, with other business profits of RMB 1.91 million and a net loss of RMB 4.04 million.
- There were no investment projects during the reporting period.
Operating Results and Financial Condition
- Operating Results:
Item Q1 2002 (RMB 10,000) Q1 2001 (RMB 10,000) Change (%) Main Business Income ---- --- --- Main Business Profit --- --- --- Net Profit (404.19) (1,405.13) -71.23%
Note 1: Due to the major asset restructuring in 2001, the equity of three subsidiaries was transferred; thus, both the current and previous year's reports are based on the parent company's figures. The current net profit does not include investment gains or losses, while the previous year included investment losses, which is the main reason for the change in net profit.