Hongyang Real Estate (01996) announced its annual results for the year ended December 31, 2023. The group obtained revenue during the period...
According to the Zhitong Finance App, Hongyang Real Estate (01996) announced results for the year ended December 31, 2023. The group achieved revenue of 19.795 billion yuan (RMB, same below) during the period, a year-on-year decrease of 1.09%; shareholders' losses of 7.215 billion yuan, an increase of 85.87% over the previous year; and a basic loss of 2.16 yuan per share.
According to the announcement, the main sources of revenue include income from property sales, commercial operations and hotel operations. Among them, revenue from property sales decreased by 0.7% from the same period last year to about $19.199 billion, accounting for 97.0% of total confirmed revenue; income from commercial operations decreased by 13.5% from the same period last year to about $560 million; and revenue from hotel operations increased by 28.8% over the same period last year to about 35.7 million yuan.