Sinyi Realty Inc. · TWSE:9940
Sinyi Realty — Q3 2025 Earnings Presentation
22 slides from Sinyi Realty's earnings presentation, 2025
Slide 1: Sinyi Realty Inc. 2025Q3 Investors' meeting
Sinyi Realty Inc. 2025Q3 Investors 'meeting Chen, Chih-Huan, Chief Finance Officer Cheng, Jin-De, manager of real estate research department
Slide 2: Outline
Outline Operational highlights Q3 financials and financial indicators Operational Results Real estate brokerage business and other business Financial Results Significant changes of assets, liabilities and equities Forward-looking Market prediction and corresponding actions 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: 2025Q3 Operational highlights
2025Q3 Operational highlights Consolidated Revenue NT$2,304 Million YoY -22%, mainly due to the Central Bank′s continued credit controls and a slowdown in housing transaction. However, the Company′s transaction volume outperformed the market this quarter, with the rate of decline narrowing. Net Inco
Slide 5: Revenue contribution by business segment
Operational Results Revenue contribution by business segment Japan 2024Q3 Japan 2025Q3 China (non-development 7% 8% China (non-development subsidiaries) subsidiaries) Domestic non-development 2% 1% Domestic non- subsidiaries development 5% subsidiaries 6% Sinyi Realty Sinyi Realty Inc. Inc. Sinyi Re
Slide 6: Quarterly Performance
Quarterly Performance Operational Results Consolidated Revenue (In 100 million NTD) 2025Q3 vs 2025Q2 Description： 29.58 Amid a slowing market, 2025Q3 revenue slightly rebounded from Q2. 23.99 22.93 23.04 22.13 Domestic transactions outperformed the market, and profitability continued to improve. Sin
Slide 7: Store Count
Operational Results Store Count As of 2025.10 Taoyuan- Hsinchu area FY2025 63 FY2024 66 Taipei Metro Area FY2025 256 Taichung area FY2024 260 FY2025 70 FY2024 77 Tainan-Kaohsiung area Total FY2025 60 FY2025 449 FY2024 61 FY2024 464 7
Slide 8: Development Projects of Sinyi's Subsidiaries
Operational Results Development Projects of Sinyi′s Subsidiaries Accumulated Total 2025Q3 (As of September 30, 2025) Project Available Rate of Delivered Revenue Delivered Revenue Units sale Units Recognized Units Recognized Jia-Pin 114 100% - - - - Sanshui Jiating NT$ NT$ 608 70% 426 - (Wuxi) 6.512B
Slide 9: Development Schedule of East Malaysia Tourism Business
Operational Results Development Schedule of East MalaysiaTourism Business 1. Schedule on Hotel in Melinsung 2024 2027 year end Begin Hotel Grand opening of construction Hotel Mainly carrying out structural construction works (1st to 4th floor) and reviewing decoration project operations. 2. Developm
Slide 10: Balance Sheet Highlights
Financial Results Balance Sheet Highlights As of September 30th 2025 vs December 31st 2024 Cash and cash equivalents An decrease of NT$352 million, mainly due to EBITA of NT$943 million, payment of 2024 bonuses and income tax, maturity of time deposits over 3 months of NT$1,357 million, and purchase
Slide 11: Corresponding Strategy
Forward-looking Corresponding Strategy Market Atmosphere Real Estate Brokerage Business The bank mortgage self-manament plan Strategy in Taiwan is about to expire for 1 year. The Implement the“Sales Dream Fulfillment Mortgage control policy needs to be Action Plan”to help salesperson achieve observe
Slide 12: 2025Q4 Market Prediction
Forward-looking 2025Q4 Market Prediction The housing market shows signs of bottoming out and has entered a consolidation phase. With the stock market reached at 28,000 points, overall sentiment remains favorable for real estate. Policy controls remain in place; however, banks and insurance com
Slide 13: Appendix: Financial figures
Appendix：Financial figures Income Statement Analysis Inventory details Balance Sheet Analysis Cash flow details 13
Slide 14: Appendix I: YoY Variance – Profit and Loss
Appendix I 2025Q3 2024Q3 Diff. Diff(%) YoY Variance Net sales 2,304,144 2,958,136 (653,992) -22% – Profit and Loss Operating cost 1,746,059 2,254,200 (508,141) -23% Gross Profit 558,085 703,936 (145,851) -21% Operating expense 427,596 445,841 (18,245) -4% Operating profit 130,489 258,095 (127,606) -
Slide 15: Appendix II: Assets – Current Assets
Appendix II YoY Variance 2025.9.30 2024.12.31 Diff. Diff(%) –Asset Current Assets Cash & Cash 3,853,780 4,205,337 (351,557) -8% equivalents Financial Assets at Fair 1,380,074 1,345,620 34,454 3% Value through P&L Trade & Notes 1,180,171 1,252,859 (72,688) -6% Receivable Other Receivable 55,981 75,03
Slide 16: Appendix II: Assets – Non-Current Assets
Appendix II YoY Variance 2025.9.30 2024.12.31 Diff. Diff(%) –Asset Non-Current Assets Financial Assets measured at fair value 6,071 6,071 - - through profit and loss Financial Assets measured at fair value 147,635 115,280 32,355 28% through other comprehensive income Investment Accounted 223,919 232
Slide 17: Appendix II: Liabilities – Current Liabilities
Appendix II YoY Variance 2025.9.30 2024.12.31 Diff. Diff(%) –Liability Current Liabilities Short-term Borrowings 15,000 618,619 (603,619) -98% Contract Liabilities 966,977 829,967 137,010 17% - current Trade payable & Notes 367,607 388,803 (21,196) -5% payable Other Payables 2,159,807 3,048,587 (888
Slide 18: Appendix II: Liabilities – Non-Current Liabilities
Appendix II YoY Variance 2025.9.30 2024.12.31 Diff. Diff(%) –Liability Non-Current Liabilities Bonds Payable 900,000 900,000 - - Long-term Borrowings 8,519,569 6,494,972 2,024,597 31% Lease Liabilities - non- 2,950,764 2,776,523 174,241 6% current Deposits Received 29,175 30,613 (1,438) -5% Tax Liab
Slide 19: Appendix II: Shareholders' Equity
Appendix II YoY Variance 2025.9.30 2024.12.31 Diff. Diff(%) –Shareholders’ Ordinary shares 7,368,465 7,368,465 - - Equity Capital surplus 63,983 63,790 193 - Legal reserve 3,257,815 3,073,308 184,507 6% Special reserve 490,275 1,246,293 (756,018) -61% Unappropriated earnings 1,868,775 2,568,760 (699
Slide 20: Appendix III: Inventory as of September 30, 2025
Appendix III Inventory as of September 30, 2025 Expected Completion Year of the Sales 2025.09.30 2024.12.31 2024.09.30 Contract Property under development Banqiao District, New Taipei City Before the end of the (Jia-Pin project) year 2026. 2,923,106 2,603,813 2,498,195 Xinzhuang District, New Taipei
Slide 21: Appendix IV: 2025Q3 Consolidated Cash Flows
Appendix IV 2025Q3 Consolidated Cash Flows 2025Q1-Q3 2024Q1-Q3 YoY Beginning Balance 4,205,337 5,081,864 (876,527) Net cash (used in) generated from operating activities (512,140) 1,685,283 (2,197,423) Net cash generated from (used in) investing activities 691,808 (3,658,283) 4,350,091 Net cash (use
Slide 22: Contact Information
Contact Information Spokesperson of Finance Dept Contact Phone Number Email to the Company Chen, Chih-Huan Su, Pei-Yi #42602 (02)2755-7666 Investor@sinyi.com.tw Vice general manager Manager