HUIJING HLDGS (09968) announced its annual performance for the year 2024, with a net loss attributable to the parent company of approximately 799 million yuan, representing a 14.75% increase year-on-year.

HUIJING HLDGS (09968) announced its annual performance for 2024, with a decrease in revenue of 74.4% to approximately RMB 241 million. The loss attributable to owners of the parent company was approximately RMB 799 million, an increase of 14.75% compared to the previous year; with a loss per share of 0.15 yuan. The announcement stated that the increase in net loss was mainly due to an increase in financial costs of approximately RMB 263 million, partially offset by a decrease in other expenses of approximately RMB 179 million. During the period, the construction area delivered decreased from 67,038 square meters in the previous year ending on December 31, 2023 to 31,530 square meters in the current year ending on December 31, 2024, a decrease of about 53.0%. The average selling price also decreased from RMB 13,563 per square meter to RMB 6,381 per square meter, mainly due to the reduced area and lower unit price of the main projects delivered in 2024. As of December 31, 2024, the group's land reserves were approximately 2,799,191 square meters, including 18 projects and 4 plots of land located in 7 cities in the Greater Bay Area, Yangtze River Delta Urban Cluster, and Central Yangtze River Urban Cluster.