According to the announcement, Shenzen Overseas Chinese Town (Asia) (03366) released its mid-term business performance for 2024, with a revenue of 0.598 billion yuan (RMB, the same below), a year-on-year growth of 209.1%. The company's equity holders' loss amounted to 0.221 billion yuan, expanding by 4.1% year-on-year. The basic loss per share was 0.296 yuan.

During the reporting period, the Group's operating income increased compared to the same period last year, mainly due to a significant increase in the carried-over income from comprehensive development projects compared to the same period last year. The company's equity holders' loss amounted to approximately 0.221 billion yuan, mainly due to a significant increase in the excess profit from comprehensive development business and a substantial reduction in losses from investment and fund business compared to the same period last year. However, the increased liabilities and the persistently high US dollar interest rates during the reporting period offset part of the profit due to increased financial expenses.