Sinyi Realty Inc. · TWSE:9940
Sinyi Realty — Q4 2024 Earnings Presentation
24 slides from Sinyi Realty's earnings presentation, Mar 11, 2025
Slide 1: Sinyi Realty Inc. (9940) 2024Q4 Investor Conference
Sinyi Realty Inc. (9940) 2024Q4 Investor Conference Speaker： Chen, Chih-Huan, Chief Finace Officer Tseng, Chin-Der, Research Project Manager Mar 11, 2025 1 © Sinyi Realty Inc.
Slide 2: Agenda
1 Opening 2 2024 Operational Report Agenda First Half of 2025 Market 3 Outlook 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: 2024 Consolidated Comprehensive Income
2024 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2024 2023 YoY YoY% Sales Revenue 121,973 2,664,926 (2,542,953) (95%) Service Revenue 12,659,978 11,539,992 1,119,986 10% Net sales 12,781,951 14,204,918 (1,422,967) (10%) Sales of Goods Sold 264,279 1,997,406 (1,733,127) (87%) Serv
Slide 5: 2024 Consolidated Comprehensive Income
2024 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2024 2023 YoY YoY% Net income 1,806,563 1,771,354 35,209 2% Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plans 65,325 3,356 61,969 1847% Unrealized g
Slide 6: Sales Revenue Per Business
Sales Revenue Per Business 6 © Sinyi Realty Inc.
Slide 7: Trend Of Consolidated Revenue In The Past Three Years
Trend Of Consolidated Revenue In The Past Three Years in NT$ millions 7 © Sinyi Realty Inc.
Slide 8: Trend of Non-development Consolidated Revenue In The Past Three Years
Trend of Non-development Consolidated Revenue In The Past Three Years in NT$ millions 8 © Sinyi Realty Inc.
Slide 9: 2024 Consolidated Balance Sheets
2024 Consolidated Balance Sheets in NT$ thousands Year 2024.12.31 2023.12.31 YoY Account Amount % Amount % Amount % Cash & Cash equivalents 4,205,337 13% 5,081,864 17% (876,527) (17%) Financial assets at fair value through P&L 1,345,620 4% 451,140 1% 894,480 198% Trade & Notes Receivable 1,252,859 4
Slide 10: 2024 Consolidated Balance Sheets
2024 Consolidated Balance Sheets in NT$ thousands Year 2024.12.31 2023.12.31 YoY Account Amount % Amount % Amount % Short-term Debt 618,619 2% 1,498,621 5% (880,002) (59%) Contract liabilities - current 829,967 3% 687,413 2% 142,554 21% Trade payables & Notes payables 428,430 1% 413,148 1% 15,282 4%
Slide 11: 2024 Consolidated Balance Sheets
2024 Consolidated Balance Sheets in NT$ thousands Year 2024.12.31 2023.12.31 YoY Account Amount % Amount % Amount % Ordinary shares 7,368,465 24% 7,368,465 22% - - Capital surplus 63,790 - 63,790 - - - Retained earnings Legal reserve 3,073,308 9% 2,896,935 9% 176,373 6% Special reserve 1,246,293 4%
Slide 12: 2024 Consolidated Cash Flows
2024 Consolidated Cash Flows in NT$ thousands 2024 2023 YoY Beginning Balance 5,081,864 8,006,939 (2,925,075) Cash provided by (used in) 2,070,848 3,296,840 (1,225,992) operating activities Cash provided by (used in) (1,710,065) (1,784,737) 74,672 investing activities Cash provided by (used in) (1,5
Slide 13: Inventory as of 2024.12.31
Inventory as of 2024.12.31 in NT$ thousands Expected Completion Year of the 2024.12.31 2023.12.31 Sales Contract Property under processing of development Banqiao District, New Taipei Before end of 2026 2,603,813 2,218,215 Xinzhuang District, New Taipei Before end of 2028 1,290,664 1,093,122 Property
Slide 14: Development Projects of Sinyi's Subsidiaries
Development Projects of Sinyi’s Subsidiaries Accumulated Total 2024 (As of Dec 31, 2024) Project Available Units Delivered Revenue Delivered Revenue Rate of sale Units Recognized Units Recognized Jia-Pin 114 100% - - - - Sanshui Jiating NTD NTD 608 70% 424 6 (Wuxi) 6.483B 0.108B Jia-Hsueh 100 100% -
Slide 15: 2024 Standalone Income Statement
2024 Standalone Income Statement in NT$ thousands 2024 2023 YoY YoY% Net sales 11,385,912 10,551,141 834,771 8% Operating cost 8,135,023 7,764,505 370,518 5% Gross profit 3,250,889 2,786,636 464,253 17% Gross margin(%) 29% 26% 3pt Operating expense 1,325,631 1,111,203 214,428 19% Operating profit 1,
Slide 16: 2024 Standalone Comprehensive Income
2024 Standalone Comprehensive Income in NT$ thousands (EPS in NT$) 2024 2023 YoY YoY% Net income 1,784,390 1,760,980 23,410 1% Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plans 63,996 3,716 60,280 1622% Unrealized gai
Slide 17: 2024 Standalone Balance Sheets
2024 Standalone Balance Sheets in NT$ thousands Year 2024.12.31 2023.12.31 YoY Account Amount % Amount % Amount % Cash & Cash equivalents 1,564,215 5% 2,499,435 9% (935,220) (37%) Financial assets at fair value through other comprehensive income - current 135,638 1% 127,300 - 8,338 7% Accounts & Not
Slide 18: 2024 Standalone Balance Sheets
2024 Standalone Balance Sheets in NT$ thousands Year 2023.12.31 2022.12.31 YOY Account Amount % Amount % Amount % Short-term debt 498,619 2% 1,398,621 5% (900,002) (64%) Other payables 2,683,479 9% 3,054,554 10% (371,075) (12%) Other payables –Related Party 2,671,868 9% 2,546,496 9% 125,372 5% Curre
Slide 19: 2024 Standalone Cash Flows
2024 Standalone Cash Flows in NT$ thousands 2024 2023 YoY Beginning Balance 2,499,435 601,894 1,897,541 Cash Inflows (Outflows) from 2,038,198 1,962,374 75,824 Operating Activities Cash Inflows (Outflows) from (1,298,088) 1,009,358 (2,307,446) Investing Activities Cash Inflows (Outflows) from (1,564
Slide 20: 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 21: Physical Stores in Taiwan
Physical Stores in Taiwan 2025.2 2024.2 Area Diff. No. % No. % Greater Taipei Area 262 56% 265 56% (3) Taoyuan & Hsinchu 66 14% 67 14% (1) Taichung 76 17% 79 17% (3) Tainan & Kaohsiung 61 13% 63 13% (2) Total 465 100% 474 100% (9) Note：As of October 31, 2024, the number of the chain stores were 464.
Slide 22: The First Half of 2025 Taiwan Housing Market Outlook
The First Half of 2025 Taiwan Housing Market Outlook Mortgage fund management tightened; investment demand cools while owner-occupancy prevails. Although mortgage conditions have tightened, loan disbursement timelines are relatively clear. The 29th of March, peak home sales season can serve as
Slide 23: Q & A
fene O&A © Sinyi Realty Inc.
Slide 24: Investor Relations
Investor Relations 24 © Sinyi Realty Inc.