Core Viewpoint - First Shanghai (00227) reported a total revenue of HKD 390 million for the fiscal year 2024, representing a year-on-year growth of 24.77%, and a net profit attributable to shareholders of HKD 77.974 million, marking a turnaround from losses [3] Financial Performance - Total revenue for 2024 was HKD 390 million, up 24.77% year-on-year [3] - Net profit attributable to shareholders was HKD 77.974 million, a significant recovery from previous losses [3] - Basic earnings per share stood at HKD 0.0356, with a weighted average return on equity of 3.21%, an increase of 3.66 percentage points from the previous year [3][24] - The net cash flow from operating activities was -HKD 83.352 million, a decrease of HKD 89.364 million compared to the previous year [28] Valuation Metrics - As of April 17, the price-to-earnings (P/E) ratio (TTM) was approximately 6.88 times, the price-to-book (P/B) ratio (TTM) was about 0.22 times, and the price-to-sales (P/S) ratio (TTM) was around 1.37 times [3] Revenue Composition - The revenue composition for 2024 included: - Financial Services: HKD 168.6 million - Property Development: HKD 67.6 million - Property Investment and Hotels: HKD 151.4 million - Other Businesses: HKD 2.8 million [19] Cash Flow and Financial Position - Cash flow from financing activities was -HKD 111 million, down HKD 85.861 million year-on-year [28] - Cash flow from investing activities was HKD 140 million, compared to HKD 115 million in the previous year [28] - As of the end of 2024, the company’s liquidity ratios were: - Current ratio: 1.57 - Quick ratio: 1.43 [42] Asset and Liability Changes - Significant changes in assets included: - Cash and cash equivalents decreased by 25.21% - Investment properties decreased by 3.58% - Accounts receivable decreased by 1.53% [36] - Major changes in liabilities included: - Accounts payable decreased by 20.62% - Short-term borrowings decreased by 43.03% - Long-term borrowings decreased by 37.9% [39]
第一上海：2024年盈利7797.4万港元 同比扭亏