Glonghui, May 13 | First Way Holdings announced the results for the first quarter ended March 31, 2024. According to the announcement, during the reporting period, the company recorded revenue of about HK$351 million, an increase of 9.0% over the previous year; profit attributable to owners was approximately HK$118 million, up 7.0% from the same period last year. Revenue and profit increased both, mainly due to the fact that during the reporting period, the company firmly grasped the opportunities of the market adjustment period, actively implemented the strategy of transformation from a “hunting” model to a combination of “hunting” and “farming”, and formed a company-level network format expansion model of “regional and strategic account manager+product manager+rapid support from large and medium platforms”. Under the operation of this combo, the company's business diversification and development sustainability have been further promoted. On the asset operation side, the scale and operating efficiency of various managed assets of Shoucheng Holdings increased significantly in the first quarter compared to the same period in 2023, and laid a good foundation for the subsequent asset securitization process. Among them, the company successfully entered into a number of parking lot projects that have already been signed during the reporting period. On the asset finance side, although revenue decreased compared to the same period last year due to the impact of REITs price pullbacks, etc., the decline showed a downward trend from month to month. Along with recent frequent policy and market benefits, the business is expected to continue to recover. From this perspective, the company accelerates the rotation of the flywheel of value growth through a sound business strategy and a forward-looking strategic layout, which in turn is reflected in the performance level. In the future, as Shoucheng Holdings continues to innovate and actively explore new models of business development, it may be able to unleash greater potential and create a new chapter for the development of the industry and itself.