Sinyi Realty Inc. · TWSE:9940
Sinyi Realty — Q1 2023 Earnings Presentation
18 slides from Sinyi Realty's earnings presentation, May 11, 2023
Slide 1: Sinyi Realty Inc. 2023Q1 Earning Release Conference
Sinyi Realty Inc. (9940) 2023Q1 Earning Release Conference Speaker： Chen, Chih-Huan, CFO Tseng, Chin-Der, Researcher May 11, 2023 1
Slide 2: Agenda
1 Opening 2 2023 Q1 Operational Report Agenda Next half year of 2023 3 Forward-looking 4 Q&A 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: 2023Q1 Consolidated Comprehensive Income
2023Q1 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2023Q1 2022Q1 YoY YoY Sales Revenue 2,204,956 582,699 1,622,257 278% Service Revenue 2,122,371 3,198,376 (1,076,005) (34%) Net sales 4,327,327 3,781,075 546,252 14% Sales of Goods Sold 1,593,932 462,574 1,131,358 245% Service Cos
Slide 5: 2023Q1 Consolidated Comprehensive Income
2023Q1 Consolidated Comprehensive Income in NT$ thousands 2023Q1 2022Q1 YoY YoY Net income 502,080 482,995 19,085 4% Other comprehensive income Items that will not be reclassified subsequently to profit or loss Unrealized gain (loss) on investments in equity instruments at fair value 7,453 4,848 2,6
Slide 6: Sales Revenue Per Business
Sales Revenue Per Business 2023Q1 China (development subsidiaries) 7% China (non-development subsidiaries) Domestic non-development 1% subsidiaries 1% Domestic development subsidiaries... Japan 3% Sane m Sinyi Realty Inc. Japan m= Domestic development subsidiaries @ Domestic non- development subsidi
Slide 7: Monthly Consolidated Revenue
Monthly Consolidated Revenue in NT$ millions 7
Slide 8: Monthly Non-development Consolidated Revenue
Monthly Non-development Consolidated Revenue in NT$ millions 8
Slide 9: 2023.3.31 Consolidated Balance Sheets
2023.3.31 Consolidated Balance Sheets in NT$ thousands Year 2023.3.31 2022.12.31 2022.3.31 Account Amount % Amount % Amount % Cash & Cash equivalents 6,845,992 23% 8,310,286 25% 8,689,910 27% Financial assets at fair value through P&L - - - - 51,221 - Financial assets at fair value through other 395
Slide 10: 2023.3.31 Consolidated Balance Sheets
2023.3.31 Consolidated Balance Sheets in NT$ thousands Year 2023.3.31 2022.12.31 2022.3.31 Account Amount % Amount % Amount % Short-term loans 100,000 - 1,098,077 3% - - Contract liabilities - current 733,565 2% 1,514,707 4% 1,624,540 5% Trade payable & Notes payable 439,928 1% 608,024 2% 654,666 2%
Slide 11: 2023.3.31 Consolidated Balance Sheets
2023.3.31 Consolidated Balance Sheets in NT$ thousands Year 2023.3.31 2022.12.31 2022.3.31 Account Amount % Amount % Amount % Ordinary shares 7,368,465 24% 7,368,465 22% 7,368,465 23% Capital surplus 63,790 1% 63,790 - 63,896 - Retained earnings Legal reserve 2,762,813 9% 2,762,813 8% 2,518,043 8% S
Slide 12: 2023Q1 Consolidated Cash Flows
2023Q1 Consolidated Cash Flows in NT$ thousands 2023Q1 2022Q1 YoY Beginning Balance 8,310,286 9,546,619 (1,236,333) Net cash (used in) generated from 448,742 (1,317,069) 1,765,811 operating activities Net cash generated from (used in) 436,506 60,931 375,575 investing activities Net cash generated fr
Slide 13: Inventory as of 2023.3.31
Inventory as of 2023.3.31 in NT$ thousands 2023.3.31 2022.12.31 2022.3.31 Property under processing of development Banqiao District, New Taipei City 2,001,165 1,889,819 3,659,755 XinZhuang District, New Taipei City 1,082,533 1,078,966 - Property to be developed XinZhuang District, New Taipei City -
Slide 14: Development Projects of Sinyi's Subsidiaries
Development Projects of Sinyi’s Subsidiaries Accumulated Total 2023Q1 (As of March 31, 2023) Project Available Rate of Delivered Revenue Delivered Revenue Units sale Units Recognized Units Recognized Jia-Ho 144 100% 144 2.94B 94 1,911MM Jia-Pin 114 100% - - - - Sanshui Jiating TWD TWD 608 69% 391 17
Slide 15: Physical Store Location in Taiwan
Physical Store Location in Taiwan 2023.04 2022.04 Area Diff. No. % No. % Greater Taipei Area 273 56% 284 58% (11) Taoyuan & Hsinchu 66 14% 67 14% (1) Taichung 81 17% 78 16% 3 Tainan & Kaohsiung 65 13% 61 12% 4 Total 485 100% 490 100% (5) 15
Slide 16: The next half year of 2023 Forward-looking
The next half year of 2023 Foward-looking The purpose of current transactions is mostly for self-use and rigid demand, which we shall keep an eye on the strength and timing of the rebound. First-quarter transactions of first-hand residential properties will be better than the previous one. Fed
Slide 17: Q&A
fene O&A
Slide 18: Contact
Contact 18