2025-03-21-深交所-深深房Ｂ_2024年年度报告（英文版）_200页_2mb

Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. (SPG) reported a significant financial performance in 2024 with a net loss attributable to shareholders amounting to RMB -176.71 million, reflecting continued challenges in the real estate sector. Overall revenue was RMB 407 million, a decrease of 23% compared to 2023.

The company maintains its core business in residential real estate development, with projects including Shenzhen Cuilinyuan and Guangmingli. However, other operations faced difficulties, with unfavorable rental service revenues and trading income.

SPG operates under a challenging real estate market, with risks such as economic conditions and policy changes. Financially, the company has a high monetary asset value but significant liabilities and requires effective risk management strategies.

The governance structure is independently supervised by board members, with no material incompliance noted, demonstrating effective disclosure practices. Future strategy involves seeking safer investment opportunities and sustainable development. ].

This summary captures the key points to provide a concise overview. Re: 1000-word limit not issue here. Provide analysis in financial terms concise form:

• Revenue: decrease 23% YoY to 407M
• Net loss: -176M from SPG shareholder
• Strategy: seek transformation and sustainable growth
• Key risks: macroeconomic trends and policy shifts.