Hong Kong · Delayed Price · Currency is HKD Shui On Land Earnings Call Transcripts
Fiscal Year 2025
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Core earnings reached RMB 397 million, but non-cash adjustments and impairments led to a RMB 1.78 billion loss. Rental income grew 2% amid a challenging market, with strong retail and high-end residential performance in Shanghai and Wuhan.
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Profitability maintained in a challenging market, with net profit of CNY 81 million and core earnings up 144% year-over-year. Debt reduced, retail and luxury residential segments outperformed, and new projects in Shanghai and Wuhan support future growth.
Fiscal Year 2024
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Profitability maintained in a tough year, with RMB 810 million net profit and strong rental growth. Lakeville VI set a new sales record, and prudent capital management reduced debt and improved liquidity. Shanghai's high-end residential and retail segments outperformed.
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Profitability was maintained despite a sharp year-on-year decline in net profit, driven by resilient rental income and strong performance in Shanghai's high-end residential and commercial markets. Liquidity and debt management remain top priorities amid a challenging macro environment.