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<Results>SHIMAO GROUP's Full-Yr Loss Widens to RMB35.905B; No Opinion From Auditor
Recommend 9 Positive 17 Negative 17 |
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SHIMAO GROUP (00813.HK) has announced its annual results for the year ended December 2024. The company's turnover rose by 0.9% YoY to RMB59.975 billion, while its loss widened to RMB35.905 billion from RMB21.03 billion in the corresponding period of the previous year. Its LPS reached RMB9.48. No dividend has been declared. The independent auditor did not express an opinion. As of the end of last year, the group had borrowings in total of approximately RMB252.1 billion, out of which approximately RMB210.2 billion will be due for repayment within the next twelve months, while its total cash amounted to approximately RMB15.8 billion. As at the end of last year, the group had not repaid borrowings of RMB172.1 billion in aggregate according to their scheduled repayment dates. In addition, the group was involved in various litigation and arbitration cases for various reasons. The above events or conditions indicate the existence of material uncertainties which may cast significant doubt on the group’s ability to continue as a going concern and, therefore, that the group may not be able to realize its assets and discharge its liabilities in the normal course of business. AAStocks Financial News |
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