GUANGDONG INV: 2024 Annual Report

GUANGDONG INV announced its annual results for 2024, with total revenue reaching 18.51 billion Hong Kong dollars, a year-on-year decrease of 8.9%; Shareholders' net profit was 3.14 billion Hong Kong dollars, a slight increase of 0.6% year-on-year. Basic earnings per share were 48.06 Hong Kong cents, with annual dividends of 31.24 Hong Kong cents, of which the final dividend was 7.27 Hong Kong cents.The group's core Business in the Water Affairs Sector showed stable performance, with a water supply volume of 2.093 billion tons for the year; the hotel business achieved an occupancy rate of 93.0%, and the Energy projects generated 2.759 billion kilowatt-hours of electricity for the year. The property investment portfolio includes several commercial projects such as Tianjin Tianhe City and Panyu...Show More

GUANGDONG INV announced its annual results for 2024, with total revenue reaching 18.51 billion Hong Kong dollars, a year-on-year decrease of 8.9%; Shareholders' net profit was 3.14 billion Hong Kong dollars, a slight increase of 0.6% year-on-year. Basic earnings per share were 48.06 Hong Kong cents, with annual dividends of 31.24 Hong Kong cents, of which the final dividend was 7.27 Hong Kong cents.The group's core Business in the Water Affairs Sector showed stable performance, with a water supply volume of 2.093 billion tons for the year; the hotel business achieved an occupancy rate of 93.0%, and the Energy projects generated 2.759 billion kilowatt-hours of electricity for the year. The property investment portfolio includes several commercial projects such as Tianjin Tianhe City and Panyu Tianhe City, and has multiple ongoing development projects in Shenzhen, Zhuhai, Zhongshan, and other locations.The company continues to focus on sustainable development strategies, enhance Operation efficiency, and plans to further expand its core Water Affairs Business. Management stated that it will continue to optimize the property investment portfolio to achieve long-term stable growth.