Shoucheng (697) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended 30 September 2024 rose 42% year-over-year to HK$935 million, with gross profit up 49% to HK$429 million.

• Profit attributable to owners was HK$400 million, down from HK$465 million in the prior year period.

• Basic and diluted EPS were HK5.61 cents, compared to HK6.41 and HK6.37 cents, respectively, last year.

Financial highlights

• Revenue from asset operating increased to HK$675 million, and FIME (fundraising, investment, management, exit) revenue rose to HK$260 million.

• Operating profit was HK$550 million, compared to HK$616 million year-over-year.

• Total assets reached HK$14.49 billion, with net assets attributable to owners at HK$10 billion.

• Bank balances and cash stood at HK$2.29 billion.

Key financial ratios and metrics

• Asset-Liability ratio increased to 30.2% from 25.7% at year-end 2023.

• Debt-Equity ratio rose to 11.7% from 8.0% at year-end 2023.

• Total debts increased to HK$1.17 billion, while capital and reserves attributable to owners reached HK$10 billion.