---
title: "TOP SPRING announced its 2024 performance, with a loss attributable to equity shareholders and holders of perpetual convertible securities of approximately HKD 1.8326 billion, an increase of 108.99% year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233760038.md"
description: "TOP SPRING announced its 2024 performance, with revenue of approximately HKD 1.3693 billion, an increase of 43.5% year-on-year. The loss attributable to equity shareholders and holders of perpetual convertible securities was approximately HKD 1.8326 billion, an increase of 108.99% year-on-year. The loss per share was HKD 1.2. The total pre-sale amount for properties and parking spaces was approximately HKD 784.5 million, an increase of 30.7% compared to 2023. The average selling price of pre-sold properties was approximately HKD 54,649.9 per square meter, a decrease of 30.3% year-on-year. The increase in revenue was mainly due to the growth in property sales revenue"
datetime: "2025-03-30T10:12:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233760038.md)
  - [en](https://longbridge.com/en/news/233760038.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233760038.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/233760038.md) | [繁體中文](https://longbridge.com/zh-HK/news/233760038.md)


# TOP SPRING announced its 2024 performance, with a loss attributable to equity shareholders and holders of perpetual convertible securities of approximately HKD 1.8326 billion, an increase of 108.99% year-on-year

According to the Zhitong Finance APP, TOP SPRING (03688) announced its 2024 performance, with revenue of approximately HKD 1.3693 billion, an increase of about 43.5% year-on-year. The loss attributable to the company's equity shareholders and holders of perpetual convertible securities was approximately HKD 1.8326 billion, an increase of 108.99% year-on-year. The loss per share was HKD 1.2.

In 2024, the group achieved a total pre-sale amount of approximately HKD 784.5 million for properties and parking spaces (of which approximately HKD 779.8 million came from property pre-sales), an increase of about 30.7% compared to 2023. The group has pre-sold a total construction area of approximately 14,269 square meters, an increase of about 89.2% compared to 2023. In 2024, the average selling price of the group's property pre-sales was approximately HKD 54,649.9 per square meter (2023: approximately HKD 78,355.4 per square meter), a decrease of about 30.3% compared to 2023. The decline in the average selling price of the group's property pre-sales was mainly due to the relatively lower average selling price of property pre-sales in mainland China in 2024 compared to the average selling price in 2023. In addition, the group's pre-sale amount for parking spaces in 2024 was approximately HKD 4.7 million.

The announcement stated that the increase in revenue was mainly due to the increase in the group's property sales revenue

### Related Stocks

- [TOP SPRING (03688.HK)](https://longbridge.com/en/quote/03688.HK.md)

## Related News & Research

- [Sincere FY loss attributable HK$64.1 million](https://longbridge.com/en/news/281220904.md)
- [Capinfo Further Delays Circular on Disposal of 4% Property Stake](https://longbridge.com/en/news/281515346.md)
- [Jiahua Stores Sets Out Board Line-Up and Committee Roles](https://longbridge.com/en/news/281463602.md)
- [Miniso Swings to Loss in Q4; Full-Year Dividend Declared](https://longbridge.com/en/news/281174435.md)
- [MINISO Extends Hong Kong Share Buybacks as 2025 Results Filed](https://longbridge.com/en/news/281398103.md)