Sinyi Realty Inc. · TWSE:9940
Sinyi Realty — Q2 2024 Earnings Presentation
19 slides from Sinyi Realty's earnings presentation, Aug 13, 2024
Slide 1: Sinyi Realty Inc. (9940) 2024Q2 Earning Release Conference
Sinyi Realty Inc. (9940) 2024Q2 Earning Release Conference Speaker： Chen, Chih-Huan, Chief Financial Officer Tseng, Chin-Der, Business Analysis Project Manager Aug 13, 2024 1
Slide 2: Agenda
1 Welcome Message 2 2024Q2 Operational Report Agenda 3 2024H2 Housing Market Outlook 4 Q&A © Sinyi Realty Inc. 2
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: 2024Q2 Consolidated Comprehensive Income
2024Q2 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2024Q2 2023Q2 YoY 2024H1 2023H1 YoY Sales Revenue 55,262 353,579 (84%) 77,919 2,558,535 (97%) Service Revenue 4,230,290 3,126,935 35% 7,347,303 5,249,306 40% Net sales 4,285,552 3,480,514 23% 7,425,222 7,807,841 (5%) Sales of Goo
Slide 5: 2024Q2 Consolidated Comprehensive Income
2024Q2 Consolidated Comprehensive Income in NT$ thousands 2024Q2 2023Q2 YoY 2024H1 2023H1 YoY Net income 684,572 513,087 33% 1,147,436 1,015,167 13% Other comprehensive income Items that will not be reclassified subsequently to profit or loss Unrealized gain (loss) on investments in equity instrumen
Slide 6: Sales Revenue Per Business Unit
Sales Revenue Per Business Unit 6 © Sinyi Realty Inc.
Slide 7: Comparison chart of 3-year results of Monthly Consolidated Revenue
Comparison chart of 3-year results of Monthly Consolidated Revenue in NT$ millions © Sinyi Realty Inc. 7
Slide 8: Comparison chart of 3-year results of Monthly Non-development Consolidated Revenue
Comparison chart of 3-year results of Monthly Non-development Consolidated Revenue in NT$ millions © Sinyi Realty Inc. 8
Slide 9: 2024.06.30 Consolidated Balance Sheets
2024.06.30 Consolidated Balance Sheets in NT$ thousands Year 2024.06.30 2023.12.31 2023.06.30 Account Amount % Amount % Amount % Cash & Cash equivalents 4,395,771 14% 5,477,434 18% 7,227,092 24% Financial assets at fair value through other comprehensive income 1,338,485 4% 451,140 2% 439,162 2% Trad
Slide 10: 2024.06.30 Consolidated Balance Sheets
2024.06.30 Consolidated Balance Sheets in NT$ thousands Year 2024.06.30 2023.12.31 2023.06.30 Account Amount % Amount % Amount % Short-term debt 430,000 1% 1,498,621 5% 100,000 - Contract liabilities - current 847,273 3% 687,413 2% 566,476 2% Trade payables & Notes payables 370,990 1% 413,148 1% 348
Slide 11: 2024.06.30 Consolidated Balance Sheets
2024.06.30 Consolidated Balance Sheets in NT$ thousands Year 2024.06.30 2023.12.31 2023.06.30 Account Amount % Amount % Amount % Ordinary shares 7,368,465 23% 7,368,465 24% 7,368,465 24% Capital surplus 63,790 - 63,790 - 63,790 - Retained earnings Legal reserve 3,073,308 9% 2,896,935 9% 2,896,935 10
Slide 12: 2024H1 Consolidated Cash Flows
2024H1 Consolidated Cash Flows in NT$ thousands 2024H1 2023H1 YoY Beginning Balance 5,477,434 8,310,286 (2,832,852) Net cash generated from 728,236 1,398,129 (669,893) operating activities Net cash generated from (used (1,383,254) 574,756 (1,958,010) in) investing activities Net cash generated from
Slide 13: Inventory as of 2024.06.30
Inventory as of 2024.06.30 in NT$ thousands 2024.06.30 2023.12.31 2023.06.30 Property under processing of development Banqiao District, New Taipei City (to be completed before end of 2026 in 2,399,870 2,218,215 2,066,763 accordance with sales contract) XinZhuang District, New Taipei City (to be comp
Slide 14: Development Projects of Sinyi's Subsidiaries
Development Projects of Sinyi’s Subsidiaries Accumulated Total 2024Q2 (As of June 30, 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% 422 3 (Wuxi) 6.45B 0.53B Jia-Syue 100 100% -
Slide 15: 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) The piling foundations preparation of main buildings have been carried out. The team is ready to start preliminary works of structural engineering. (2) The g
Slide 16: Locations of Physical Store in Taiwan
Locations of Physical Store in Taiwan 2024.07 2023.07 Area Diff. No. % No. % Greater Taipei Area 261 56% 269 56% (8) Taoyuan & Hsinchu 66 14% 67 14% (1) Taichung 77 17% 81 17% (4) Tainan & Kaohsiung 61 13% 65 13% (4) Total 465 100% 482 100% (17) © Sinyi Realty Inc. 16
Slide 17: 2024H2 Housing Market Outlook
2024H2 Housing Market Outlook For the 1st Half of 2024, both housing prices and transaction volume simultaneously rised, and for the 2nd half of 2024, housing policies and stock market will determine whether the real estate market slow down or not. There’s imbalances between the supply and deman
Slide 18: Q & A
fene O&A © Sinyi Realty Inc.
Slide 19: Investor Relations
Investor Relations © Sinyi Realty Inc. 19