Summary by Futu AI
Guangdong Sea Investment Limited announced unaudited financial information for the nine months ended September 30, 2024, showing a 10.4% increase in revenue compared to the same period last year, reaching 18.142 billion Hong Kong dollars. However, pre-tax profit decreased by 11.2% to 5.288 billion Hong Kong dollars, and net profit attributable to the owners of the company also decreased by 6.1% to 3.593 billion Hong Kong dollars. Total assets slightly decreased by 1.4%, while the equity attributable to the owners of the company increased by 3.5%. The financial report also mentioned that the company's total design water supply and sewerage treatment capacity in the water supply, sewerage treatment, and water conservancy engineering businesses remained stable. In addition, revenue from Guangdong Sea Investment's property investment and development business increased, mainly due to the improvement in rental income. The company stated that it will continue to expand in the water resources industry chain and seize the opportunities presented by the development strategy planning of the Greater Bay Area, in order to enhance its operational performance and overall value.