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SHUI ON LAND(00272) - 2024 H1 - Earnings Call Transcript
2024-08-30 01:00
Financial Data and Key Metrics Changes - The company recorded a profit of RMB 183 million in the first half of 2024, with profit attributable to shareholders at RMB 72 million, reflecting a significant year-on-year decline primarily due to a lack of residential property completions [7][18] - Total revenue was RMB 2 billion, down 68% year-on-year, largely due to lower property sales, which totaled RMB 143 million [14][16] - Rental income increased by 11% year-on-year to RMB 1.75 billion, supported by new property openings [15][18] Business Line Data and Key Metrics Changes - The company did not launch any major new residential projects in the first half, resulting in recognized property sales of RMB 1.69 billion [32] - The commercial portfolio saw a rental income increase of 16% year-on-year, reaching RMB 1.76 billion, driven by strong performance from new projects [44] Market Data and Key Metrics Changes - The Shanghai residential market showed resilience, with primary sales of housing units priced above RMB 10 million increasing by 57% in the first half of 2024 compared to the same period in 2023 [36][39] - Despite challenges in the office market, the occupancy rate for mature office properties remained stable at 91% [46] Company Strategy and Development Direction - The company aims to leverage strengths in urban regeneration and implement a best-in-class product strategy to reinforce its leadership position in Shanghai [37] - A focus on sustainability and innovative solutions is emphasized to attract reputable tenants and maintain occupancy rates [49] Management Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook on the China real estate market, anticipating a slow recovery due to ongoing economic uncertainties and challenges within the sector [11][12] - The company plans to preserve cash and adopt appropriate debt management strategies to ensure sustainability [12][27] Other Important Information - The company has repaid over RMB 40 billion of offshore debt since 2021, reducing reliance on offshore financing from approximately 80% to about 47% [26][29] - No interim dividend was declared for the first half of 2024 [18] Q&A Session Summary Question: What are the company's plans for new residential projects? - The company plans to launch more residential projects in the second half, including Riverview and Lakeview Phase 6, with approximately 240,000 square meters available for sale [33][40] Question: How is the company addressing the challenges in the office market? - The company is focusing on maintaining occupancy rates and attracting large, reputable tenants through innovative service offerings [51][52]
Libera Gaming Operations(LBRJ) - Prospectus(update)
2024-06-26 19:06
As filed with the U.S. Securities and Exchange Commission on June 26, 2024 Registration No. 333-277981 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 3 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Libera Gaming Operations, Inc. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) (Primary Standard Industria ...
Libera Gaming Operations(LBRJ) - Prospectus(update)
2024-05-29 01:51
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Libera Gaming Operations, Inc. As filed with the U.S. Securities and Exchange Commission on May 28, 2024 Registration No. 333-277981 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 2 to Form F-1 (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial ...
SG DevCo(SGD) - Prospectus
2024-05-03 21:27
As filed with the Securities and Exchange Commission on May 3, 2024. Registration Number 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________ FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ______________________________________________ SAFE AND GREEN DEVELOPMENT CORPORATION (Exact Name of Registrant as Specified in its Charter) ______________________________________________ | Delaware | 6552 | 87-1375590 | | --- | --- | ...
Libera Gaming Operations(LBRJ) - Prospectus(update)
2024-05-03 15:22
As filed with the U.S. Securities and Exchange Commission on May 3, 2024 Registration No. 333-277981 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 1 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Libera Gaming Operations, Inc. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial ...
SG DevCo(SGD) - Prospectus
2024-04-09 01:50
As filed with the Securities and Exchange Commission on April 8, 2024. Registration Number 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAFE AND GREEN DEVELOPMENT CORPORATION (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 6552 87-1375590 (I.R.S. Employer Identification No.) 990 ...
Safe & Green(SGBX) - Prospectus(update)
2024-02-12 13:44
As filed with the Securities and Exchange Commission on February 12, 2024 Registration No. 333- 276799 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAFE & GREEN HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Delaware 5 ...
Safe & Green(SGBX) - Prospectus
2024-02-01 00:58
As filed with the Securities and Exchange Commission on January 31, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAFE & GREEN HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 5030 95-4463937 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) If this Form ...
SG DevCo(SGD) - Prospectus(update)
2023-12-22 22:28
As filed with the Securities and Exchange Commission on December 22, 2023. Registration Number 333- 276149 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAFE AND GREEN DEVELOPMENT CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 6552 87-1375590 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Em ...
SG DevCo(SGD) - Prospectus
2023-12-19 22:23
As filed with the Securities and Exchange Commission on December 19, 2023. Registration Number 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 990 Biscayne Blvd., #501, Office 12 Miami, Florida 33132 (904) 496-0027 (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices) SAFE AND GREEN DEVELOPMENT CORPORATION (Exact Name of Registrant as Specified in its ...