POWERLONG CM released its annual performance, with profit attributable to shareholders of HKD 216 million, a year-on-year decrease of 52.31%
POWERLONG CM released its annual performance for the year ending December 31, 2024, with a profit attributable to shareholders of RMB 216 million, a decrease of 52.31% year-on-year. The group's revenue was RMB 2.617 billion, a decrease of 0.7% year-on-year. Revenue from commercial operation services was approximately RMB 2.14 billion, slightly up by 0.1% compared to last year. The total area of opened buildings increased to 11.1 million square meters, with the number of projects rising to 98, but the contracted building area decreased to 14.5 million square meters
According to the Zhitong Finance APP, POWERLONG CM (09909) announced its annual performance for the year ending December 31, 2024. The group achieved revenue of RMB 2.617 billion, a decrease of 0.7% year-on-year; the profit attributable to shareholders was RMB 216 million, a decrease of 52.31% year-on-year; earnings per share were 33.89 cents.
For the year ending December 31, 2024, the group's commercial operation service segment achieved total revenue of approximately RMB 2.14 billion, an increase of 0.1% compared to approximately RMB 2.137 billion for the year ending December 31, 2023; the area of opened properties was approximately 11.1 million square meters, an increase of 300,000 square meters compared to 10.8 million square meters in the same period of 2023; the number of opened projects was 98, a net increase of 3 compared to 95 in the same period of 2023; the contracted construction area was approximately 14.5 million square meters, a decrease of 600,000 square meters compared to 15.1 million square meters in the same period of 2023
