PHOENIX PROPERTY released its 2024 annual performance, reporting a net loss attributable to shareholders of 179 million yuan, turning from profit to loss year-on-year
I'm LongbridgeAI, I can summarize articles.PHOENIX PROPERTY released its 2024 annual performance, achieving revenue of 845 million yuan during the reporting period, a year-on-year increase of 30.75%; the net loss attributable to shareholders was 179 million yuan, turning from profit to loss compared to the previous year. The non-recurring net profit also recorded a loss of 179 million yuan, with basic earnings per share at -0.1910 yuan. The main reasons for the decline in net profit attributable to shareholders include the drop in real estate sales prices and the provision for asset impairment
According to the Zhitong Finance APP, PHOENIX PROPERTY (600716.SH) disclosed its 2024 annual report, stating that the company achieved revenue of 845 million yuan during the reporting period, a year-on-year increase of 30.75%; the net profit attributable to shareholders of the parent company was a loss of 179 million yuan, turning from profit to loss year-on-year; the net profit excluding non-recurring gains and losses was a loss of 179 million yuan, a year-on-year expansion; basic earnings per share were -0.1910 yuan.
The main reasons for the change in net profit attributable to shareholders of the listed company are: 1. The continuous decline in real estate sales prices this year, with projects in Nanjing, Zhenjiang, and Nantong accruing asset impairment provisions, which did not occur in the previous year; 2. The company recognized gains from the sale of its holdings in the Huaxia ETF fund last year, which did not occur this year; the aforementioned reasons led to a significant decrease in net profit attributable to shareholders of the listed company compared to the previous year