3 listed companies announced their full-year results at the end of June yesterday
Among them, the property flagship Xinhe Real Estate (0083) was reduced due to the decrease in sales revenue, and the lack of annual sales of the Chengdu Xinhe Yulongshan project. Sexual income, so core profit decreased by more than 10% year-on-year, and net profit decreased by 50.59% year-on-year to only 6.915 billion yuan. Despite the sharp decline in full-year earnings, the final dividend per share increased by 2.5% year-on-year to 0.41 yuan.
The final interest rate increased to 0.41 yuan
The company’s outlook is that the Hong Kong economy has faced internal and external challenges since June. In the past two months, enterprises, tourism and retail industries have been affected by the rally. They are eager to resolve disputes as soon as possible, and the society can restore harmony and calm. The company, its parent company, Tsim Sha Tsui Property (0247) and its fellow company, Sinowa (1221), expressed their confidence in Hong Kong’s sound foundation and resilience. The management closely monitored the situation and took necessary and appropriate measures.
During the period, the sales revenue of the credited account was only 2.987 billion yuan, a decrease of 66.41% year-on-year. In the sale of Kaihui, Yijingwan 8 and No. 1 Kowloon Road, property sales of 22.4 billion yuan were recorded. Entered. The Group’s land bank in China, Hong Kong, China and Australia reached 22.1 million square feet. Net rental income increased by 3.1% year-on-year to RMB 3.687 billion. The overall occupancy rate remained at 96% as in the previous year. The performance of the five hotels was stable.
Due to the significant decrease in its earnings, the parent company’s core annual profit decreased by 11.42% year-on-year to 2.509 billion yuan; net profit decreased by 49.31% to 3.715 billion yuan. The final dividend per share was 0.41 yuan, an increase of 2.5% year-on-year. The net profit of Xinhe Hotel increased by 0.6% year-on-year to 196 million yuan, and the final dividend per share was 0.05 yuan, which was the same as last year.
Hotel rate occupancy rate is bearish
The group said that Hong Kong’s tourism industry has been facing challenges since June this year. Hong Kong’s corporate and hotel industries have been affected by the rally. The hotel industry expects occupancy and house prices to decline in the second half of the year.