---
title: "Yanlord Land posts $633m loss in FY2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230010508.md"
description: "Yanlord Land Group Limited reported a net loss of $633 million for FY2024, primarily due to a $1.05 billion pre-tax impact from property write-downs and impairments. Revenue fell 16.1% to $6.73 billion, with property development income down 18.1%. However, property investment and hotel operations increased by 4.8%, and property management revenue rose 14.4%. Total contracted pre-sales dropped 31.4%, while total debt decreased by 21.1% to $4.88 billion, and cash and cash equivalents stood at $1.88 billion, improving the net gearing ratio to 41.3%."
datetime: "2025-02-28T02:21:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230010508.md)
  - [en](https://longbridge.com/en/news/230010508.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230010508.md)
generator: "portal-rs"
---

# Yanlord Land posts $633m loss in FY2024

**Revenue for the year also fell 16.1% to $6.73b.**

Yanlord Land Group Limited reported a net loss of $633m (RMB3.422b) for the full year ended 31 December 2024.

The group attributed the decline mainly to a $1.05b (RMB 5.696b) pre-tax hit from property write-downs, financial asset impairments, and fair value losses on investment properties.

Revenue for the year fell 16.1% year-on-year to $6.73b (RMB 36.397b). Income from property development, the company’s core segment, declined 18.1% to $5.78b (RMB 31.243b). In contrast, property investment and hotel operations saw a 4.8% increase to $338.7m ($1.831b ), whilst property management revenue rose 14.4% to $265.1m (RMB 1.433b). Other segments reported a 16.3% drop to $349.4m (RMB 1.890b).

Total contracted pre-sales, including joint ventures and associates, fell 31.4% to $4.11b (RMB 22.206b).

As of 31 December 2024, total debt fell 21.1% to $4.88b (RMB 26.375b ). Cash and cash equivalents stood at $1.88b (RMB 10.190b ), while the net gearing ratio improved by 5.4 percentage points to 41.3%.

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