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越秀地產:盈利警告

YUEXIU PROPERTY: PROFIT WARNING

HKEX ·  Mar 7 14:03

Summary by Futu AI

越秀地產發佈盈利警告,預計2024年度權益持有人應佔盈利將同比下降約65%至70%,核心淨利潤同比下降約50%至55%。業績下滑主要受到房地產市場持續調整影響,其中計提發展中物業及持作出售物業稅前減值撥備約人民幣22.7億元,新增計提物業、廠房及設備和使用權資產的稅前減值撥備約人民幣13.9億元,以及商業物業錄得稅前淨評估跌值約人民幣7.3億元。儘管如此,集團2024年實現合約銷售約人民幣1,145億元,行業排名上升至第八位。集團財務狀況保持穩健,全年經營性現金流實現淨流入超過人民幣200億元,「三道紅線」保持「綠檔」,並繼續維持惠譽投資級評級。展望2025年,公司將加快銷售和去庫存及精準投資,持續保持財務穩健和流動性安全,確保經營性現金流淨流入。
越秀地產發佈盈利警告,預計2024年度權益持有人應佔盈利將同比下降約65%至70%,核心淨利潤同比下降約50%至55%。業績下滑主要受到房地產市場持續調整影響,其中計提發展中物業及持作出售物業稅前減值撥備約人民幣22.7億元,新增計提物業、廠房及設備和使用權資產的稅前減值撥備約人民幣13.9億元,以及商業物業錄得稅前淨評估跌值約人民幣7.3億元。儘管如此,集團2024年實現合約銷售約人民幣1,145億元,行業排名上升至第八位。集團財務狀況保持穩健,全年經營性現金流實現淨流入超過人民幣200億元,「三道紅線」保持「綠檔」,並繼續維持惠譽投資級評級。展望2025年,公司將加快銷售和去庫存及精準投資,持續保持財務穩健和流動性安全,確保經營性現金流淨流入。
YUEXIU PROPERTY has issued a profit warning, expecting that profit attributable to equity holders in the fiscal year 2024 will decline by approximately 65% to 70% year-on-year, and core net profit is expected to decrease by about 50% to 55% year-on-year. The decrease in performance is mainly influenced by the ongoing adjustments in the Real Estate market, with a pre-tax impairment provision of approximately RMB 2.27 billion for properties under development and properties held for sale, an additional pre-tax impairment provision of approximately RMB 1.39 billion for properties, plants and equipment, and right-of-use assets, as well as a pre-tax net value loss of approximately RMB 0.73 billion recorded for commercial properties. Nonetheless, the group achieved contract sales of approximately...Show More
YUEXIU PROPERTY has issued a profit warning, expecting that profit attributable to equity holders in the fiscal year 2024 will decline by approximately 65% to 70% year-on-year, and core net profit is expected to decrease by about 50% to 55% year-on-year. The decrease in performance is mainly influenced by the ongoing adjustments in the Real Estate market, with a pre-tax impairment provision of approximately RMB 2.27 billion for properties under development and properties held for sale, an additional pre-tax impairment provision of approximately RMB 1.39 billion for properties, plants and equipment, and right-of-use assets, as well as a pre-tax net value loss of approximately RMB 0.73 billion recorded for commercial properties. Nonetheless, the group achieved contract sales of approximately RMB 114.5 billion in 2024, rising to the eighth position in industry rankings. The group's financial condition remains stable, with net cash inflow from operating activities exceeding RMB 20 billion for the year. The "three red lines" are maintained at a "green file," and the investment grade rating from Fitch continues to be upheld. Looking ahead to 2025, the company will accelerate sales, reduce inventory, and make precise investments, continuing to maintain financial stability and liquidity safety, ensuring net inflow of operating cash flow.

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