An announcement from Shui On Land ( (HK:0272) ) is now available.
Shui On Land Limited demonstrated resilience in 2024 despite challenging economic conditions in China, with a recorded profit of RMB810 million. The company saw a decline in profits due to fewer residential property completions and reduced property sales, but achieved solid rental growth driven by successful commercial projects like Panlong Tiandi and Hong Shou Fang. Shui On Land also maintained financial health by repaying significant offshore debts and received global recognition for its sustainability efforts. The company remains cautious about the near-term outlook due to the fragile Chinese economy and property market.
More about Shui On Land
Shui On Land Limited is a real estate company incorporated in the Cayman Islands, primarily engaged in property development and management in China. The company focuses on residential and commercial properties, with a significant presence in key urban areas.
YTD Price Performance: -8.33%
Average Trading Volume: 200
Technical Sentiment Signal: Buy
Current Market Cap: $710.7M
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