Chinese Estates Holdings Limited reported a loss of over HKD 2.1 billion last year and has resumed dividend payments, declaring a final dividend of 3 cents per share

CHINESE EST H turned from profit to loss last year, with a loss of approximately HKD 2.11 billion, compared to a profit of HKD 76.83 million the previous year, affected by unrealized fair value losses on investment properties of HKD 1.65 billion and realized losses of HKD 77.1 million. Excluding this impact and related deferred taxes, the core loss was approximately HKD 490 million. The group resumed dividend payments, with a final dividend of HKD 0.03 per share. The group stated that it currently maintains a stable cash flow and has sufficient resources to sustain operations. Investment properties recorded unrealized fair value losses, but there was no impact on operating cash flow, and the overall financial and operational situation remains optimistic. The group's revenue last year was HKD 340 million, a decrease of approximately 30% year-on-year. Rental income from properties fell by over 20% to HKD 205 million, dividend income dropped by 50% to HKD 40.49 million, and the income from the sale of held-for-trading investments also fell nearly 76% to HKD 15.89 million. CHINESE EST H expects that as interest rates gradually decline, developers will accelerate the sale of inventory, estimating that the property market atmosphere will improve this year, but due to ample supply, property prices will remain weak. The group takes a cautious approach to business plans and operational execution