Hong Kong · Delayed Price · Currency is HKD Shui On Land Earnings Call Transcripts
Fiscal Year 2026
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Core earnings rose 53% year-on-year to RMB 403 million, with profit attributable to shareholders up 3.3x, driven by resilient rental income and prudent capital management. Shanghai's commercial and residential segments outperformed, while the company maintained strong liquidity and reduced offshore debt.
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.