Sunshine 100 China Holdings Ltd Reports RMB5.8 Billion Net Loss for FY2024
Summary:
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Revenue: Decreased by 4.0% to RMB2.02 billion in FY2024, down from RMB2.10 billion in FY2023.
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Gross Loss: Recorded a gross loss of RMB189.7 million, with a negative gross profit margin of 9.4%, compared to a gross profit of RMB395.1 million in the previous year.
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Net Loss: Loss for the year increased by 82.0% to RMB5.8 billion, compared to RMB3.19 billion in FY2023.
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Loss Per Share: Basic and diluted loss per share was RMB2.19, up from RMB1.17 in the prior year.
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Total Assets: As of 31 December 2024, total assets amounted to RMB46.1 billion.
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Total Deficit Attributable to Equity Shareholders: Reached RMB6.01 billion.
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Contracted Sales: Achieved RMB384.4 million, representing a 33.8% decrease compared to FY2023.
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Land Reserves: Total gross floor area of land reserves was approximately 5.2 million square meters as of 31 December 2024.
Note: All data is sourced from Sunshine 100 China Holdings Ltd's Preliminary Annual Results Announcement for the year ended 31 December 2024.