Gemdale(SH:600383) Sou Hu Cai Jing·2025-03-28 21:13Core Points - The company reported a significant decline in its financial performance for 2024, with a total revenue of 753.44 billion yuan, down 23.22% year-on-year, and a net profit attributable to shareholders of -6.115 billion yuan, a decrease of 788.54% [2][3][5] - The company has decided not to distribute cash dividends, issue bonus shares, or increase capital from reserves for the 2024 fiscal year due to negative distributable profits [4][5] - As of February 28, 2025, the number of shareholders decreased to 100,100, a reduction of 1,894, or 1.86%, while the average shareholding increased slightly [1][5] Financial Performance - The fourth quarter of 2024 saw a revenue of 343.41 billion yuan, down 25.07% year-on-year, and a net profit of -2.705 billion yuan, a decline of 425.85% [2] - The company's total assets decreased by 21.38% year-on-year to approximately 293.91 billion yuan, while net assets attributable to shareholders fell by 9.25% to about 59.04 billion yuan [3] - The company's financial metrics included a debt ratio of 64.79%, investment losses of 2.737 billion yuan, and financial expenses of 2.056 billion yuan, with a gross profit margin of 14.95% [2][3] Shareholder Information - The average number of shares held per shareholder increased from 44,300 to 45,100, with an average shareholding value of 215,100 yuan [1] - The company currently ranks 13th in market capitalization within the real estate development sector, with a total market value of approximately 20.993 billion yuan [1]