Financial Performance - The group's consolidated revenue for the nine months ended September 30, 2024, was approximately HKD 4.04 billion, an increase of 207.5% compared to HKD 1.31 billion for the same period in 2023[2] - The group recorded a loss attributable to shareholders of approximately HKD 190.72 million, compared to a loss of HKD 67.88 million in the same period last year, representing an increase of 181.0%[3] - The fair value loss on investment properties was approximately HKD 34.44 million, a significant decrease from a gain of HKD 325.62 million in the previous year, marking a 110.6% decline[2] - The group experienced an increase in financing costs by approximately HKD 110 million due to the cessation of capitalization on completed properties held for sale[3] Asset Valuation - Total assets as of September 30, 2024, were valued at HKD 45.94 billion, down 6.1% from HKD 48.93 billion as of December 31, 2023[2] - The net asset value per share was HKD 2.84, a decrease of 3.4% from HKD 2.94 as of December 31, 2023[2] - The group holds completed unsold properties valued at approximately HKD 90.52 billion as of September 30, 2024, an increase from HKD 80.62 billion as of December 31, 2023[9] - The group has development properties valued at approximately HKD 205.96 billion, down from HKD 240.52 billion as of December 31, 2023[9] - The total sales amount for signed but undelivered properties is approximately HKD 104.94 billion, compared to HKD 95.17 billion as of December 31, 2023[9] Project Development - The group delivered properties primarily from the Foshan and Zhongshan projects, with a notable decrease in sales profit due to lower-margin projects being delivered compared to the previous year[3] - The Guangzhou project is expected to be completed by 2028, with a total floor area of approximately 737,367 square meters[5] - The group has several ongoing projects across various cities, with a focus on residential and commercial developments, indicating a strategy for market expansion[5] - The total signed floor area for properties during the review period was approximately 212,000 square meters, compared to 209,000 square meters for the nine months ending September 30, 2023[7] - The total delivered floor area during the review period was approximately 210,000 square meters, up from 101,000 square meters for the nine months ending September 30, 2023[7] Cumulative Project Metrics - The cumulative signed total floor area for the Shenzhen project "Yuehai City (Northwest Plot)" is 104,912 square meters, representing 91.2% of the total available area[6] - The cumulative signed total floor area for the Guangzhou project "Yuehai Yun Port City" is 109,569 square meters, representing 22.3% of the total available area[6] - The cumulative delivered total floor area for the Foshan project "Yuehai Shigui Mansion" is 90,871 square meters, representing 62.1% of the total available area[6] Construction Status - The construction status of the Guangzhou project "Yuehai Yun Port City" indicates that some properties have completed the main structure and are undergoing finishing works[8] - The construction status of the Zhuhai project "Yuehai Shigui Mansion" shows that the first phase has completed acceptance, and non-first phase properties are undergoing finishing works[8]
粤海置地(00124) - 2024 Q3 - 季度业绩