Link: https://links.sgx.com/1.0.0/corporate-announcements/41BKRH4DW5Z1J3ZX/70f3f7afa45225fdf87024e8b3b00ad3ede02f0fcd811b748fe8858b3e2b7ed1

Summary:

• Contracted Sales: Achieved RMB34.002 billion in FY2024, with a total contracted gross floor area of 2.675 million square meters.​

• Revenue: Slightly increased by 0.9% year-on-year to RMB59.975 billion.​

• Revenue Breakdown:

  • Property Sales: RMB47.911 billion, representing 79.9% of total revenue.​
  • Hotel Operation, Commercial Properties Operation, Property Management, and Others: RMB12.064 billion, a 3.3% decrease compared to the previous year.​

• Gross Loss: Recorded a gross loss of RMB5.869 billion, resulting in a gross profit margin of -9.8%.​

• Net Loss: Loss attributable to equity holders amounted to RMB35.905 billion.​

• Land Bank: As of 31 December 2024, the Group's land bank totaled approximately 43.61 million square meters (before interests).​

• Dividend: The Board did not recommend the payment of any final dividend for the year ended 31 December 2024.​

Note: All data is sourced from Shimao Group Holdings Limited's Annual Results Announcement for the year ended 31 December 2024.