On November 28, Gelonghui announced that s harbourhold (01663.HK) recorded revenues of approximately 0.45 billion yuan in the first half of the 2024/25 fiscal year, mainly from the delivery of residential units in Phase II of Yichun s harbourhold Guanlan, china. The profit attributable to the owners of the company for the first half of 2024/25 is approximately 25.2 million yuan. Cash and bank balances amount to approximately 0.105 billion yuan, with the group's net capital to liability ratio remaining unchanged at 26.2% compared to March 31, 2024.
The revenue in the first half primarily comes from the delivery of residential units in Phase II of Yichun s harbourhold Guanlan, china. Since the group primarily engages in property development business, revenue recognition depends on the launch of new projects and the completion of the handover of sold properties. Therefore, the group's quarterly revenue and profits may show irregular trends.