Sinyi Realty Inc. · TWSE:9940
Sinyi Realty — Q2 2023 Earnings Presentation
20 slides from Sinyi Realty's earnings presentation, Aug 11, 2023
Slide 1: Sinyi Realty Inc. (9940) 2023Q2 Earning Release Conference
Sinyi Realty Inc. (9940) 2023Q2 Earning Release Conference Speaker： Chen, Chih-Huan, CFO Tseng, Chin-Der, Researcher Aug 11, 2023 1
Slide 2: Agenda
1 Opening 2 2023 Q2 Operational Report Agenda 3 2023 H2 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: 2023Q2 Consolidated Comprehensive Income
2023Q2 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2023Q2 2022Q2 YoY 2023H1 2022H1 YoY Sales Revenue 353,579 388,953 (9%) 2,558,535 971,652 163% Service Revenue 3,126,935 2,893,984 8% 5,249,306 6,092,360 (14%) Net sales 3,480,514 3,282,937 6% 7,807,841 7,064,012 11% Sales of Good
Slide 5: 2023Q2 Consolidated Comprehensive Income
2023Q2 Consolidated Comprehensive Income in NT$ thousands 2023Q2 2022Q2 YoY 2023H1 2022H1 YoY Net income 513,087 318,271 61% 1,015,167 801,266 (17%) 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 2022Q2 China (development subsidiaries) 12% China (non-development subsidiaries) Domestic non- 1% development subsidiaries 4% Sinyi Realty Inc. Japan Japan Domestic non-development 3% subsidiaries Sinyi Realty Inc. China (development 80% subsidiaries) China (non-devel
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: Monthly Development Consolidated Revenue
Monthly Development Consolidated Revenue in NT$ millions 9
Slide 10: 2023.06.30 Consolidated Balance Sheets
2023.06.30 Consolidated Balance Sheets in NT$ thousands Year 2023.06.30 2022.12.31 2022.06.30 Account Amount % Amount % Amount % Cash & Cash equivalents 7,227,092 24% 8,310,286 25% 8,110,577 26% Financial assets at fair value through P&L - - - - 24,258 - Financial assets at fair value through 439,16
Slide 11: 2023.06.30 Consolidated Balance Sheets
2023.06.30 Consolidated Balance Sheets in NT$ thousands Year 2023.06.30 2022.12.31 2022.06.30 Account Amount % Amount % Amount % Short-term debt 100,000 - 1,098,077 3% - - Contract liabilities - current 566,476 2% 1,514,707 4% 1,446,689 4% Trade payables & Notes payables 348,132 1% 608,024 2% 652,92
Slide 12: 2023.06.30 Consolidated Balance Sheets
2023.06.30 Consolidated Balance Sheets in NT$ thousands Year 2023.06.30 2022.12.31 2022.06.30 Account Amount % Amount % Amount % Ordinary shares 7,368,465 24% 7,368,465 22% 7,368,465 24% Capital surplus 63,790 - 63,790 - 63,896 - Retained earnings Legal reserve 2,896,935 10% 2,762,813 8% 2,762,813 9
Slide 13: 2023H1 Consolidated Cash Flows
2023H1 Consolidated Cash Flows in NT$ thousands 2023H1 2022H1 YoY Beginning Balance 8,310,286 9,546,619 (1,236,333) Net cash (used in) generated 1,398,129 (1,641,334) 3,039,463 from operating activities Net cash generated from (used 574,756 184,890 389,866 in) investing activities Net cash generated
Slide 14: Inventory as of 2023.06.30
Inventory as of 2023.06.30 in NT$ thousands 2023.06.30 2022.12.31 2022.06.30 Property under development Banqiao District, New Taipei City 2,066,763 1,889,819 3,845,732 Xinzhuang Dist, New Taipei City 1,085,851 1,078,966 - Property to be developed Xinzhuang Dist, New Taipei City - - 1,070,558 Nanzi D
Slide 15: Development Projects of Sinyi's Subsidiaries
Development Projects of Sinyi’s Subsidiaries Accumulated Total 2023Q2 (As of June 30, 2023) Project Available Rate of Delivered Revenue Delivered Revenue Units sale Units Recognized Units Recognized TWD Jia-Ho 144 100% 144 - - 2.938B Jia-Pin 114 100% - - - - Sanshui Jiating TWD TWD 608 69% 412 21 (W
Slide 16: Development Schedule of Tourism Business
Development Schedule of Tourism Business 1. Schedule on Hotel in Melinsung 2023 2024 2027 Application for Begin Hotel Grand opening building permit construction of Hotel 2. Development schedule of Mengalum Island At present, the main focus is on marine and island rehabilitation. (1) Collaborate with
Slide 17: Physical Store Location in Taiwan
Physical Store Location in Taiwan 2023.07 2022.07 Area Diff. No. % No. % Greater Taipei Area 269 56% 284 58% (15) Taoyuan & Hsinchu 67 14% 67 13% - Taichung 81 17% 79 16% 2 Tainan & Kaohsiung 65 13% 63 13% 2 Total 482 100% 493 100% (11) 17
Slide 18: 2023H2 Forward-Looking
2023H2 Forward-Looking The off-season of the housing market is above-seasonality this July. The demand from self-occupation is the mainstay. The Equalization of Land Rights Act is on the road, and the bad effects have weakened. The U.S. interest rate hike has come to an end temporarily, and do
Slide 19: Q&A
fene O&A
Slide 20: Investor Relations
Investor Relations 20