Changshi Groups revenue last year was still profitable by selling assets

The Yangtze River Industrial Group founded by Hong Kong Rich Li Ka -shing fell 50 % of the revenue on the mainland last year, but still relying on "selling" profit of HK $ 21.7 billion (S $ 3.708 billion).

According to interface news reports, the Changjiang Industrial Group's 2022 financial report disclosed that Changshi Group achieved total revenue of HK $ 79.551 billion last year, a year -on -year decrease of 4.43%;; The profit per share is HK $ 5.98, an increase of 3.6%over 2021.

Li Zezhen, chairman and managing director of the Yangtze River Industrial Group, said that this is because the Changshi Group completed many major strategic transactions during the reporting period, and it has achieved a profit growth.

For example, in March 2022, the Changshi Group sold all the interests and interests of the 5rdgate -level office building in London, England, at the cost of about 7.467 billion Hong Kong dollars;33.2 billion Hong Kong dollars; in September last year, Changshi Group also announced that it will sell Hong Kong Bodo -Lao Dao No. 21 luxury home project for HK $ 20.8 billion.

In 2022, the revenue of Changshi Group's real estate business mainly came from property sales, property leasing, hotel and service suite business and British tavern business. In addition, there were some infrastructure and practical asset business.

In terms of core business properties, in 2022, the revenue of the group achieved revenue (including stalls occupying joint ventures) was HK $ 25.756 billion, a year -on -year decrease of 31.86%.The residential units and parking spaces of the first phase of the SEA To Sky and 21 BORRETT ROAD, the first phase of the Shanghai Commercial Development Property, the Shanghai Commercial Development Property.

In terms of division, Changshi Group only achieved revenue growth in overseas business last year, with a year -on -year increase of 277.56%year -on -year.In Hong Kong and the mainland, they achieved revenue of HK $ 14.511 billion and HK $ 9.916 billion, respectively, a year -on -year decrease of 7.71%and 54%.

Changshi Group explained that in 2022, the Hong Kong property market was affected by factors such as the epidemic and interest rate hike cycle.In the mainland, Changshi Group completed the sale of Shanghai Century Shenghui Plaza in the first half of 2022, bringing contributions to revenue. However, due to the impact of the overall property market environment, the sales income of the Group's mainland property still decreased compared with 2021.