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Back 31 Mar 2025

Guangdong – Hong Kong Greater Bay Area Holdings Limited Reports RMB1.83 Billion Net Loss for FY2024

Link: https://links.sgx.com/1.0.0/corporate-announcements/SN46BMXKP6GQTYJY/0dc765519f4fb311563839830da740c7fbf3c3708b0f4cef37e96932d2fec6e5

Summary:

  • Revenue: Decreased to RMB2.60 billion in FY2024, down from RMB3.53 billion in FY2023.

  • Gross Loss: Recorded a gross loss of RMB622.7 million, compared to a gross profit of RMB21.2 million in the previous year.

  • Net Loss: Loss attributable to equity shareholders amounted to RMB1.83 billion, an improvement from the RMB1.21 billion loss reported in FY2023.

  • Loss Per Share: Basic and diluted loss per share was RMB331.9 cents, compared to RMB267.7 cents in the prior year.

  • Total Assets: As of 31 December 2024, total assets stood at RMB12.66 billion, a decrease from RMB18.22 billion a year earlier.

  • Total Liabilities: Reduced to RMB8.01 billion, compared to RMB11.90 billion at the end of 2023.

  • Cash and Cash Equivalents: Decreased to RMB13.1 million, down from RMB26.0 million in the prior year.

Note: All data is sourced from Guangdong – Hong Kong Greater Bay Area Holdings Limited's Annual Results Announcement for the year ended 31 December 2024.