申万宏源指出，2023年粤海投资归母净利润同比大幅下滑34%至31.2亿港元，利润下滑主要受粤海置地旗下的地产减值18.1亿港元影响，若扣除地产减值影响，2023年公司主业利润则达49.3亿港元。伴随剥离完成，公司未来业绩将不再受地产业务波动影响。扣除粤海置地后，公司负债率有望明显下降，且经营现金流稳中向好。GUANGDONG INV (00270) rose over 4% in the morning, with a cumulative increase of 22% this week. As of the time of writing, it rose 3.85%, priced at 6.2 Hong Kong dollars, with a transaction volume of 0.248 billion Hong Kong dollars.
Zhitong Finance APP learned that GUANGDONG INV (00270) rose over 4% in the morning, with a cumulative increase of 22% this week. As of the time of writing, it rose 3.85%, priced at 6.2 Hong Kong dollars, with a transaction volume of 0.248 billion Hong Kong dollars.
In terms of news, GUANGDONG INV announced that the company will distribute a special dividend, with the distribution method being the issuance of 1.262 billion shares of GD LAND directly held by GUANGDONG INV (approximately accounting for 73.72% of GD LAND's equity). The specific distribution ratio is 0.193 shares of GD LAND for every share of GUANGDONG INV stock. GUANGDONG INV intends to use the proposed distribution to divest the property development business held by GD LAND Group to streamline business activities and focus resources on core Business to maintain stable development.
SWHY pointed out that in 2023, GUANGDONG INV's net income attributable to the parent dropped significantly by 34% to 3.12 billion Hong Kong dollars, mainly affected by an impairment of 1.81 billion Hong Kong dollars related to GD LAND's real estate. If the real estate impairment is excluded, the company's main business profit for 2023 would reach 4.93 billion Hong Kong dollars. With the completion of the divestment, the company's future performance will no longer be affected by fluctuations in the real estate business. Excluding GD LAND, the company's debt ratio is expected to decline significantly, and cash flow from operations will stabilize and improve.
