---
title: "He Chaofeng: Multiple new facilities of SJM HOLDINGS will be launched in phases, expected to bring new growth points for the group"
description: "SJM HOLDINGS announced its unaudited key business indicators for the first quarter ending March 31, 2025, reporting a turnaround to profitability with a net profit of HKD 31 million. The gross gaming "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/238174327.md"
published_at: "2025-04-30T01:23:57.000Z"
---

# He Chaofeng: Multiple new facilities of SJM HOLDINGS will be launched in phases, expected to bring new growth points for the group

> SJM HOLDINGS announced its unaudited key business indicators for the first quarter ending March 31, 2025, reporting a turnaround to profitability with a net profit of HKD 31 million. The gross gaming revenue increased by 8.1% year-on-year to HKD 7.551 billion. Despite the slowdown in market consumption, SJM HOLDINGS Chairperson Ho Chao-feng stated that new facilities will be launched in phases, which is expected to bring new growth points for the group, and expressed confidence in the long-term fundamentals of Macau's tourism economy

SJM Holdings (00880.HK) announced its unaudited key business indicators for the first quarter ending March 31, 2025, reporting a net profit of HKD 31 million, reversing a loss of HKD 74 million in the first quarter of 2024. The gross gaming revenue increased by 8.1% year-on-year to HKD 7.551 billion. SJM Holdings' Chairman and Executive Director of SJM Resorts, Daisy Ho, stated that although overall market consumption has slowed in the first quarter, the performance of SJM Resorts remained stable compared to the previous quarter. The optimization projects initiated by the group last year have been gradually completed, and several new facilities will be launched in phases in the future, which are expected to bring new growth points to the mass market.

She also mentioned that despite facing certain challenges in the macroeconomic environment in the short term, SJM Holdings will continue to focus on executing its strategies and remains confident in the long-term fundamentals of Macau's tourism economy

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.