GUANGDONG INV: 2024 Annual Results Announcement

Yuehai Investment announced its performance for the fiscal year 2024, with a consolidated profit attributable to shareholders of HKD 3.142 billion, a year-on-year increase of 0.6%. Revenue from continuing Business operations was HKD 18.505 billion, a decrease of 8.9% compared to the previous year; the tax profit from continuing Business operations was HKD 6.494 billion, a year-on-year increase of 1.1%. The company intends to distribute a final dividend of HKD 0.0727 per share, along with an interim dividend of HKD 0.2397, totaling an annual distribution of HKD 0.3124, which is a 0.6% increase year-on-year.In the water resources Business, the total water supply of the Dongshen Water Supply Project for 2024 is 2.093 billion tons, with a tax profit (excluding asset disposal gains, foreign exchange differences, and...Show More

Yuehai Investment announced its performance for the fiscal year 2024, with a consolidated profit attributable to shareholders of HKD 3.142 billion, a year-on-year increase of 0.6%. Revenue from continuing Business operations was HKD 18.505 billion, a decrease of 8.9% compared to the previous year; the tax profit from continuing Business operations was HKD 6.494 billion, a year-on-year increase of 1.1%. The company intends to distribute a final dividend of HKD 0.0727 per share, along with an interim dividend of HKD 0.2397, totaling an annual distribution of HKD 0.3124, which is a 0.6% increase year-on-year.In the water resources Business, the total water supply of the Dongshen Water Supply Project for 2024 is 2.093 billion tons, with a tax profit (excluding asset disposal gains, foreign exchange differences, and net financial costs) of HKD 4.02 billion, a year-on-year increase of 4.4%. The revenue from property investment Business increased by 10.3% to HKD 1.615 billion, mainly benefiting from increased average rental levels and contributions from the newly opened Yuehai Tiandi project.The company continues to optimize its asset structure and announced on December 9, 2024, to spin off Yuehai Land through a special dividend, which was completed on January 21, 2025. As of December 31, 2024, the cash and bank balance of the company's continuing Business operations amounted to HKD 12.154 billion, with a capital liability ratio of 30.9% and an EBITDA/financial costs ratio of 10.5 times, reflecting a stable financial condition.