Core Viewpoint - Jin'ao International (00009.HK) reported a significant turnaround in its mid-term performance, achieving a profit attributable to shareholders of approximately HKD 198 million for the six months ending June 30, 2025, compared to a loss of HKD 134 million in the same period of 2024 [1] Financial Performance - The basic earnings per share for the first half of 2025 were approximately HKD 0.0555, a recovery from a loss of HKD 0.0312 per share in 2024 [1] - The board of directors did not recommend the payment of dividends for the six months ending June 30, 2025, consistent with the previous year [1] - As of June 30, 2025, cash and cash equivalents were approximately HKD 57,000, down from HKD 96,000 as of December 31, 2024 [1] Industry Context - The Chinese real estate industry is experiencing a combination of policy support and market transformation aimed at stabilizing the market and accelerating the development of new industry models [1] - Although market sentiment has shown slight improvement, rebuilding confidence will take time, with sales recovery exhibiting structural and regional characteristics [1] Strategic Focus - During the deep adjustment cycle of the industry, the company continues to streamline operations and focus resources on the development of five quality projects [1] - The company aims to enhance asset management capabilities and profitability, increase property market value, improve asset efficiency, and further consolidate its position in the industry [1]
金奥国际(00009.HK)上半年扭亏为盈至1.98亿港元 继续收缩战线并聚焦集团资源做好五个优质项目的开发