Sinyi Realty Inc. · TWSE:9940
Sinyi Realty — Q3 2024 Earnings Presentation
19 slides from Sinyi Realty's earnings presentation, Nov 11, 2024
Slide 1: Sinyi Realty Inc. 2024 Third Quarter Investor Conference
Sinyi Realty Inc. (9940) 2024 Third Quarter Investor Conference Speaker： Chen, Chih-Huan, CFO Tseng, Chin-Der, Business Analysis Project Manager Nov 11, 2024 © Sinyi Realty Inc. 1
Slide 2: Agenda
1 Welcome 2 2024Q3 Financial Results Agenda 3 2024Q4 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: 2024Q3 Statements of Comprehensive Income
2024Q3 Statements of Comprehensive Income in NT$ thousands (EPS in NT$) 2024Q3 2023Q3 YoY 2024Q1-Q3 2023Q1-Q3 YoY Sales Revenue 37,606 55,080 (32%) 115,525 2,613,615 (96%) Service Revenue 2,920,530 2,944,887 (1%) 10,267,833 8,194,193 25% Net sales 2,958,136 2,999,967 (1%) 10,383,358 10,807,808 (4%)
Slide 5: 2024Q3 Statements of Comprehensive Income
2024Q3 Statements of Comprehensive Income in NT$ thousands 2024Q3 2023Q3 YoY 2024Q1-Q3 2023Q1-Q3 YoY Net income 412,581 344,335 20% 1,560,017 1,359,502 15% Other comprehensive income Items that will not be reclassified subsequently to profit or loss Unrealized gain (loss) on investments in equity in
Slide 6: Sales Revenue by Segments
Sales Revenue by Segments © Sinyi Realty Inc. 6
Slide 7: Comparison Chart of 3-year Results: Monthly Consolidated Revenue
Comparison Chart of 3-year Results Of Monthly Consolidated Revenue in NT$ millions 2,063 2,000 2,002 1,480 1,600 1,425 1,500 1,380 1,295 1,368 1,334 1,259 1,190 1,190 1,062 992 1,117 1,135 1,063 1,074 1,180 1,166 1,000 990 920 1,090 886 1,008 976 909 941 781 961 774 863 836 500 2022 2023 2024 - Jan
Slide 8: Comparison Chart of 3-year Results: Monthly Non-development Revenue
Comparison Chart of 3-year Results Of Monthly Non-development Consolidated Revenue in NT$ millions © Sinyi Realty Inc. 8
Slide 9: 2024.09.30 Consolidated Balance Sheets
2024.09.30 Consolidated Balance Sheets in NT$ thousands Year 2024.09.30 2023.12.31 2023.09.30 Account Amount % Amount % Amount % Cash & Cash equivalents 4,401,757 13% 5,477,434 18% 7,091,257 23% Financial assets at fair value through other 1,352,423 4% 451,140 2% 458,549 1% comprehensive income Trad
Slide 10: 2024.09.30 Consolidated Balance Sheets
2024.09.30 Consolidated Balance Sheets in NT$ thousands Year 2024.09.30 2023.12.31 2023.09.30 Account Amount % Amount % Amount % Short-term debt 1,413,882 4% 1,498,621 5% 100,000 - Contract liabilities - current 832,059 3% 687,413 2% 592,357 2% Trade payables & Notes payables 389,677 1% 413,148 1% 3
Slide 11: 2024.09.30 Consolidated Balance Sheets
2024.09.30 Consolidated Balance Sheets in NT$ thousands Year 2024.09.30 2023.12.31 2023.09.30 Account Amount % Amount % Amount % Ordinary shares 7,368,465 22% 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: 2024Q3 Consolidated Statement of Cash Flow
2024Q3 Consolidated Statement of Cash Flow in NT$ thousands 2024Q1-Q3 2023Q1-Q3 YoY Beginning Balance 5,477,434 8,310,286 (2,832,852) Net cash generated from 1,872,118 2,315,767 (443,649) operating activities Net cash used in investing (3,668,214) (91,494) (3,576,720) activities Net cash generated f
Slide 13: Inventory as of September 30, 2024
Inventory as of September 30, 2024 in NT$ thousands Expected Completion 2024.09.30 2023.12.31 2023.09.30 Year of the Sales Contract Property under development Banqiao District, New Taipei City Before end of 2026 2,498,195 2,218,215 2,111,878 Xinzhuang District, New Taipei City Before end of 2028 1,2
Slide 14: Development Projects of Sinyi's Subsidiaries
Development Projects of Sinyi’s Subsidiaries Accumulated Total 2024Q3 (As of Sept. 30, 2024) Project Available Units Delivered Revenue Delivered Revenue Rate of sale Units Recognized Units Recognized Jia-Pin 114 100% - - - - Sanshui Jiating TWD TWD 608 70% 424 2 (Wuxi) 6.483B 0.037B Jia-Hsueh 100 10
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 completion. The team continues to progress works of structural engineering and interior design
Slide 16: Physical Stores in Taiwan
Physical Stores in Taiwan 2024.10 2023.10 Area Diff. No. % No. % Greater Taipei Area 260 56% 267 56% (7) Taoyuan & Hsinchu 66 14% 67 14% (1) Taichung 77 17% 81 17% (4) Tainan & Kaohsiung 61 13% 63 13% (2) Total 464 100% 478 100% (14) © Sinyi Realty Inc. 16
Slide 17: 2024Q4 Housing Market Outlook
2024Q4Housing Market Outlook The house market has been hot in the first half of the year and then been cool down in the second half of the year. During September, the transaction volume has been slow down. The government has imposed restrictions on housing loans. People buy houses on tight budge
Slide 18: Q & A
fene O&A © Sinyi Realty Inc.
Slide 19: Investor Relations
Investor Relations © Sinyi Realty Inc. 19