OCT (Asia) (03366) announced its 2023 results, with revenue of about 1,263 billion yuan, a year-on-year decrease of about 5...
According to the Zhitong Finance App, OCT (Asia) (03366) announced its 2023 results, with revenue of about 1,263 billion yuan, a year-on-year decrease of about 58.89%; the loss attributable to the company's equity holders was about 465 million yuan, a year-on-year decrease of 75.7%; and a basic loss of 0.79 yuan per share.
Among them: Comprehensive development business revenue was about RMB 1,252 billion, down about 59.08% from revenue of about RMB 3,060 billion in the same period in 2022. The main reason was that revenue carry-over for the Hefei Airport International Town project declined sharply compared to the same period last year; the financial leasing business had been completely withdrawn during the current period and was in the final liquidation period, so compared with revenue of about RMB 2.13 million for the same period in 2022, there was no financial leasing business revenue in the current period.
The loss attributable to the comprehensive development business was approximately RMB 247 million (2022: loss of approximately RMB 108 million), an increase of about 129% over the same period in 2022. The main reason was that real estate projects saw a decrease in revenue carry-over during the current period, and a sharp increase in interest expenses in the current period due to a sharp increase in interest costs in the current period due to a sharp increase in interest rates in the US dollar and an increase in shareholders' loans.
The loss due from the investment and fund business for the current period was approximately RMB 185 million (2022: loss of approximately RMB 1,806 million), a decrease of about 89.76% compared with the same period in 2022. The main reason was that the Group achieved a sharp year-on-year decrease in losses attributable to listed associated companies during the current period.