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