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Broad Homes Utilizes Intelligent Manufacturing System to Expand into Smart Buildings

indie
6 minutes

HONG KONG, May 10, 2022 - (ACN Newswire via SEAPRWire.com) - Broad Homes and Tencent Cloud enter into strategic partnership to develop new opportunities in smart buildings. Hefei Binhu New Area Gui Yuan and He Yuan Affordable Housing ProjectBroad Homes' Box MODUL apartment productsUtilizing Broad Homes' whole-process digital information system and globalized, large-scale, specialized and intelligent assembly building manufacturing and service capabilities, as well as Tencent Cloud's advantages in the field of all-true interconnection, digital twin, enterprise digitalization, AI platform and cloud services, the two companies 'strategic cooperation will focus on market development, technical cooperation and product development to jointly innovate and create development opportunities.In the future, Broad Homes and Tencent Cloud will together help more traditional enterprises to transform and upgrade. The two companies will carry out targeted cooperation and R&D in the fields of smart parks, smart communities, and true interconnection. Efforts will go towards creating key cooperation projects in the fields of intelligent construction, smart cities, industrial towns and digital upgr...

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Broad Homes – diversified products to help green and low-carbon development of urban and rural construction

indie
6 minutes

HONG KONG, Mar 14, 2022 - (ACN Newswire via SEAPRWire.com) - The year 2022 is an important year to enter into the comprehensive construction of a socialist modern country and march towards the second hundred-year goal, and it is remarkable how the construction industry can take a new "road to catch up". As the promoter and practitioner of China's construction industrialization, Changsha Broad Homes Industrial Group Co., Ltd. (hereafter referred to as Broad Homes, ticker 2163.HK) makes urban and rural spaces more efficient, green, environmental friendly and sustainable with its constantly upgraded and improved multi-product matrix and technology system.Broad Homes BOX Modul Guesthouse in Baimian Mountain Tourist AttractionDiversified product system to help urban and rural construction green low-carbon developmentDuring this year's National People's Congress and Chinese People's Political Consultative Congress (also known as "National Two Sessions"), green and low-carbon are amongst the most discussed topics. The government work report put forward a number of specific tasks to achieve dual carbon goals. Industrialization of construction is a necessary path for the construction indust...

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“Carbon reduction” opportunities and Broad Homes’ growth potential

indie
5 minutes

HONG KONG, Dec 1, 2021 - (ACN Newswire via SEAPRWire.com) - The second round of land auction rules in 22 cities has been adjusted, and competitive quality has become a standard feature in the multi-city land auction market. An enterprise's vitality, product strength, innovation ability and product competitiveness are becoming the underlying logic to drive the industry into high-quality development.Broad Homes (Ticker: 2163.HK) is the first company in the prefabricated construction industry to IPO on the HKEX. The Company has accumulated more than 20 years of technological and industrial capabilities. The industry believes that Broad Homes will help lead the construction industry towards resource integration and more environmental-friendly developments.Opportunities under carbon reduction This year, "carbon peak, carbon neutral" was formally written into the government work report, the "14th Five-Year Plan" included policies to accelerate the promotion of green and low-carbon development. Since the construction industry is a key contributor of carbon emissions, companies related to green buildings will usher in new development potential. In fact, green building development is alread...

ACN Newswire

Intensified Real-Estate Market Regulation Ushers New Opportunity for Broad Homes

indie
3 minutes

HONG KONG, Sep 28, 2021 - (ACN Newswire via SEAPRWire.com) - Recent concerns surrounding the debt-laden property developer have crippled all sectors of the China real estate market. Under the superposition of the new normal - COVID-19 pandemic, China's "14th Five-Year Plan" & "Three Red Lines" policy, and double concentration - China's real estate market is undergoing one of the most extensive reforms over the past two decades.The market is overly worried about the possible collapse of the debt-laden property developer and its potential impacts, and negative market sentiment drove Broad Homes' valuation to hit bottoms. Broad Homes' management commented: "The Company does not have back-to-back contracts and direct accounts receivables with the debt-laden property developer; most projects are settled in cash or acceptance bills. Additionally, the Company has also strengthened controls over possible risks of default on related projects from a year ago."Regulation tightening of China's real estate industry can be regarded as a fresh new opportunity for Broad Homes' strategic business development. Broad Home's "two-wheel" business strategy - To-B business (PC units) + To-C business ...

SeaPRwire

Wall Street ends sharply lower in broad sell-off

elean
2 minutes

NEW YORK (REUTERS) - Wall Street plunged on Monday (Sept 20) as fear of contagion from a potential collapse of China's Evergrande prompted a broad sell-off and sent investors fleeing equities for safety. The Nasdaq fell to its lowest level in about a month, and Microsoft, Alphabet, Amazon.com, Apple, Facebook and Tesla were among the biggest drags on the index as well as the S&P 500. All 11 major S&P 500 sectors were lower, with economically sensitive groups like energy down the most. Investors also were nervous ahead of the Federal Reserve's policy meeting this week. The banking sub-index dropped sharply while United States Treasury prices rose as worries about the possible default of Evergrande appeared to affect the broader market. "You kind of knew that when there was something that caught markets off guard, that it was going to lead to probably a bigger sell-off and you didn't know what the reason would be," said senior global market strategist Sameer Samana at Wells Fargo Investment Institute. "I guess it's the China news but... it's not altogether surprising given how bullish people were." Wednesday will bring the results of the Fed's policy meeting, where the central bank i...

ACN Newswire

Broad Homes (02163.hk) Well-positioned for Revenue of RMB4.92 Billion in 2021, an Expected Increase of over 80%

indie
7 minutes

HONG KONG, Mar 1, 2021 - (ACN Newswire) - On February 26, 2020, Broad Homes (02163.HK) released its annual results announcement for 2020. In 2020, it achieved total revenue of RMB2,613.9 billion, a year-on-year decrease of 22.4%, gross profit of RMB926.8 million, a year-on-year decrease of 19.0%, net profit of RMB216.4 million, a year-on-year decrease of 68.0%, and an increase in gross profit margin from 34.0% in 2019 to 35.5% in 2020.Broad Homes remarked that the decline in revenue was on one hand attributable to delayed construction progress of certain of its joint factories due to the COVID-19 pandemic, and on the other, a decrease in gains from loss of significant influence in associates by over 70% in 2020 from the corresponding period last year as a result of an adjustment in management mode of certain joint factories, as well as the improving layout of joint factories nationwide with the progressing of the "Broad Homes United Program".However, it is noticeable that PC unit manufacturing business of Broad Homes secured remark performance in 2020, with new contract amount reaching RMB4.09 billion, up 31.7% from RMB3.106 billion the corresponding period last year, and backlog a...

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Broad Homes (02163.hk) to Intensify Its Leading Position Through Data-driven and Dual-driver Strategies

indie
10 minutes

HONG KONG, Feb 26, 2021 - (ACN Newswire) - Recently, promotion policies of prefabricated buildings were rolled out in succession, contributing to an on-going increase in scale of industrial chain and positive industry sentiment. In particular, Broad Homes (02163.HK), one of the industry leaders, which has exploited the construction industrialization field for over two decades, is committed to consolidating its competitive edges and has delivered remarkable performance with CAGR (Compound Annual Growth Rate) of revenue reaching 32.36% for the last three years (2017-2019), market share (of PC unit manufacturing business) amounting 13.5% and research and development (R&D) expenses as a percentage of revenue accounting for 8.82%, both topping the industry.Picture 1Picture 2Picture 3Picture 4 China's PC unit manufacturing market scale from 2014 to 2024 (estimated) Unit: RMB100 millionThanks to the recent favorable policies in the prefabricated construction industry, Broad Homes remains dedicated to its PC unit manufacturing business and upholds the data-driven and B+C dual-driver strategies, well positioned to further consolidate its leading position and achieve leapfrog growth.EXPE...