Sinyi Realty Inc. · TWSE:9940
Sinyi Realty — Q1 2024 Earnings Presentation
19 slides from Sinyi Realty's earnings presentation, May 13, 2024
Slide 1: Sinyi Realty Inc. (9940) 2024Q1 Earning Release Conference
Sinyi Realty Inc. (9940) 2024Q1 Earning Release Conference Speaker： Chen, Chih-Huan, CFO Tseng, Chin-Der, Research Project Manager May 13, 2024 1 © Sinyi Realty Inc.
Slide 2: Agenda
1 Opening 2 2024 Q1 Operational Report Agenda Next half year of 2024 3 Forward-looking 4 Q&A 2 © Sinyi Realty Inc.
Slide 3: Disclaimer
Disclaimer The information herein and the presentation made during the conference contain forward-looking statements and are provided for information purposes only. Neither Sinyi Realty Inc. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statemen
Slide 4: 2024Q1 Consolidated Comprehensive Income
2024Q1 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2024Q1 2023Q1 YoY YoY Sales Revenue 22,657 2,204,956 (2,182,299) (99%) Service Revenue 3,117,013 2,122,371 994,642 47% Net sales 3,139,670 4,327,327 (1,187,657) (27%) Sales of Goods Sold 18,548 1,593,932 (1,575,384) (99%) Service
Slide 5: 2024Q1 Consolidated Comprehensive Income
2024Q1 Consolidated Comprehensive Income in NT$ thousands 2024Q1 2023Q1 YoY YoY Net income 462,864 502,080 (39,216) (8%) Other comprehensive income Items that will not be reclassified subsequently to profit or loss Unrealized gain (loss) on investments in equity instruments 42,883 7,453 35,430 475%
Slide 6: Sales Revenue Per Business
Sales Revenue Per Business 6 © Sinyi Realty Inc.
Slide 7: Monthly Consolidated Revenue
Monthly Consolidated Revenue in NT$ millions 7 © Sinyi Realty Inc.
Slide 8: Monthly Non-development Consolidated Revenue
Monthly Non-development Consolidated Revenue in NT$ millions 8 © Sinyi Realty Inc.
Slide 9: 2024.3.31 Consolidated Balance Sheets
2024.3.31 Consolidated Balance Sheets in NT$ thousands Year 2024.03.31 2023.12.31 2023.03.31 Account Amount % Amount % Amount % Cash & Cash equivalents 5,138,636 16% 5,477,434 18% 6,845,992 23% Financial assets at fair value through P&L 1,281,265 4% 451,140 2% 395,044 1% Trade & Notes Receivable 1,4
Slide 10: 2024.3.31 Consolidated Balance Sheets
2024.3.31 Consolidated Balance Sheets in NT$ thousands Year 2024.03.31 2023.12.31 2023.03.31 Account Amount % Amount % Amount % Short-term Debt 200,000 1% 1,498,621 5% 100,000 - Contract liabilities - current 792,093 2% 687,413 2% 733,565 2% Trade payables & Notes payables 352,993 1% 413,148 1% 439,
Slide 11: 2024.3.31 Consolidated Balance Sheets
2024.3.31 Consolidated Balance Sheets in NT$ thousands Year 2024.03.31 2023.12.31 2023.03.31 Account Amount % Amount % Amount % Ordinary shares 7,368,465 24% 7,368,465 24% 7,368,465 24% Capital surplus 63,790 - 63,790 - 63,790 1% Retained earnings Legal reserve 2,896,935 9% 2,896,935 9% 2,762,813 9%
Slide 12: 2024Q1 Consolidated Cash Flows
2024Q1 Consolidated Cash Flows in NT$ thousands 2024Q1 2023Q1 YoY Beginning Balance 5,477,434 8,310,286 (2,832,852) Net cash (used in) generated from operating activities (447,218) 448,742 (895,960) Net cash generated from (used in) investing activities (685,734) 436,506 (1,122,240) Net cash generat
Slide 13: Inventory as of 2024.3.31
Inventory as of 2024.3.31 in NT$ thousands 2024.3.31 2023.12.31 2023.3.31 Property under processing of development Banqiao District, New Taipei City (completed before end of 2,280,550 2,218,215 2,001,165 2026) XinZhuang District, New Taipei City (completed before end of 1,097,651 1,093,122 1,082,533
Slide 14: Development Projects of Sinyi's Subsidiaries
Development Projects of Sinyi’s Subsidiaries Accumulated Total 2024Q1 (As of March 31, 2024) Project Available Rate of Delivered Revenue Delivered Revenue Units sale Units Recognized Units Recognized Jia-Pin 114 100% - - - - Sanshui Jiating TWD TWD 608 70% 419 1 (Wuxi) 6.39B 0.18MM Jia-Syue 100 98%
Slide 15: Physical Store Location in Taiwan
Physical Store Location in Taiwan 2024.04 2023.04 Area Diff. No. % No. % Greater Taipei Area 262 56% 273 56% (11) Taoyuan & Hsinchu 67 14% 66 14% 1 Taichung 77 17% 81 17% (4) Tainan & Kaohsiung 63 13% 65 13% (2) Total 469 100% 485 100% (16) 15 © Sinyi Realty Inc.
Slide 16: Development Schedule of Tourism Business
Development Schedule of Tourism Business 1. Schedule on Hotel in Melinsung 2024 H2 of 2027 Begin Hotel Grand opening of construction Hotel (1) Detail Design has been completed. (2) The land is being prepared and piling works has been carried out. (3) In the process of deciding the general contractor
Slide 17: The next half year of 2024 Forward-looking
The next half year of 2024 Foward-looking In the second half of the year, the housing market will continue to be hot, and the annual growth of transaction volume will slow down. The demand arising from the preferential mortgage program geared toward young adults is still strong, and the market w
Slide 18: Q & A
fene O&A © Sinyi Realty Inc.
Slide 19: Contact
Contact 19 © Sinyi Realty Inc.