Financial Performance - The group reported a consolidated revenue of approximately HKD 1.74 billion for the three months ended March 31, 2024, representing an increase of about 303.7% compared to HKD 431.1 million in the same period last year[4]. - The group recorded a loss attributable to equity holders of approximately HKD 99.75 million for the three months ended March 31, 2024, compared to a profit of HKD 110.9 million in the same period last year, reflecting a decrease of 189.9%[6]. Asset and Value Changes - Total assets decreased by 2.8% to HKD 47.55 billion as of March 31, 2024, down from HKD 48.93 billion as of December 31, 2023[3]. - The net asset value per share decreased by 2.0% to HKD 2.88 as of March 31, 2024, compared to HKD 2.94 as of December 31, 2023[3]. - The total value of completed unsold properties held by the group is approximately HKD 8.98 billion as of March 31, 2024, compared to HKD 8.06 billion as of December 31, 2023[26]. - The total value of properties under development held by the group is approximately HKD 21.90 billion as of March 31, 2024, down from HKD 24.05 billion as of December 31, 2023[26]. - The total combined value of completed and under development properties is approximately HKD 30.88 billion as of March 31, 2024, compared to HKD 32.11 billion as of December 31, 2023[26]. - The sales amount of properties that have been signed and paid for but not yet delivered is approximately HKD 9.23 billion as of March 31, 2024, down from HKD 9.52 billion as of December 31, 2023[26]. Investment Property Performance - The group experienced a significant decrease in fair value gains from investment properties, reporting only HKD 187,000 compared to HKD 238.67 million in the same period last year, a decline of 99.9%[6]. Property Development and Construction - The total floor area of properties signed (including completed and development properties) was approximately 58,000 square meters, down from 71,000 square meters in the same period last year[12]. - The total floor area delivered during the period was approximately 79,000 square meters, significantly up from 35,000 square meters in the same period last year[12]. - Guangzhou Yuehai Cloud Port City is currently under construction, with some properties having completed the main structure and are undergoing finishing works[26]. - The first phase of Foshan Yuehai Yigui Mansion has completed the main structure, while other phases are still under construction[26]. - Zhuhai Yuehai Yigui Mansion has completed acceptance for the first phase and is currently undergoing finishing works for other phases[26]. - The project in Jiangmen (Land No. 4) has completed the filing for construction completion[26]. - The property in Huizhou Yuehai Yigui Mansion is currently undergoing finishing works and special acceptance[26]. - The Guangzhou Yuehai Cloud Port City is expected to be completed by 2027, with a total floor area of approximately 728,549 square meters[26]. Expenses and Governance - Sales and marketing expenses increased by approximately HKD 40.76 million, and financing costs net increased by HKD 27.81 million compared to the same period last year[8]. - The company emphasizes its commitment to enhancing corporate governance through voluntary disclosures of financial information[2]. Project Development Progress - The group is actively developing multiple projects, with significant progress reported in various locations including Shenzhen and Guangzhou[13].
粤海置地(00124) - 2024 Q1 - 季度业绩