Sinyi Realty Inc. · TWSE:9940
Sinyi Realty — Q4 2023 Earnings Presentation
23 slides from Sinyi Realty's earnings presentation, Mar 11, 2024
Slide 1: Sinyi Realty Inc. 2023Q4 Investor Conference
Sinyi Realty Inc. (9940) 2023Q4 Investor Conference Speaker： Chen, Chih-Huan, Chief Finace Officer Tseng, Chin-Der, Research Project Manager Mar 11, 2024 1
Slide 2: Agenda
1 Opening 2 2023 Operational Report Agenda First Half of 2024 Market 3 Outlook 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: 2023 Consolidated Comprehensive Income
2023 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2023 2022 YoY YoY% Sales Revenue 2,664,926 2,668,176 (3,250) - Service Revenue 11,539,992 11,055,550 484,442 4% Net sales 14,204,918 13,723,726 481,192 4% Sales of Goods Sold 1,997,406 2,159,325 (161,919) (7%) Service Cost 8,423,17
Slide 5: 2023 Consolidated Comprehensive Income
2023 Consolidated Comprehensive Income in NT$ thousands (EPS in NT$) 2022 2022 YoY YoY% Net income 1,771,354 1,236,208 535,146 43% Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plans 3,356 148,611 (145,255) (98%) Unreal
Slide 6: Sales Revenue Per Business
Sales Revenue Per Business 2023 China (development subsidiaries) ina (development China (real estate 9, China a 5% auisstibenres agent subsidiaries) Domestic non-development China (real estate agent 12% 1% subsidiaries subsidiaries) 3% 1% Domestic non-development Domestic developme: mu Sinyi Realty
Slide 7: Trend Of Consolidated Revenue In The Past Three Years
Trend Of Consolidated Revenue In The Past Three Years in NT$ millions 2,300 2,063 2,105 2,079 1,832 1,868 2,002 1,800 1,600 1,620 1,427 1,754 1,295 1,190 1,566 1,334 1,166 1,431 1,300 1,054 1,135 1,117 1,190 1,074 1,062 1,063 1,238 992 1,090 886 1,180 1,008 909 800 941 976 920 961 774 819 300 -200 J
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
Slide 9: 2023 Consolidated Balance Sheets
2023 Consolidated Balance Sheets in NT$ thousands Year 2023.12.31 2022.12.31 YoY Account Amount % Amount % Amount % Cash & Cash equivalents 5,477,434 18% 8,310,286 25% (2,832,852) (34%) Financial assets at fair value through P&L 451,140 1% 386,213 1% 64,927 17% Trade & Notes Receivable 1,350,639 4%
Slide 10: 2023 Consolidated Balance Sheets
2023 Consolidated Balance Sheets in NT$ thousands Year 2023.12.31 2022.12.31 YoY Account Amount % Amount % Amount % Short-term Debt 1,498,621 5% 1,098,077 3% 400,544 36% Contract liabilities - current 687,413 2% 1,514,707 4% (827,294) (55%) Trade payables & Notes payables 413,148 1% 608,024 2% (194,
Slide 11: 2023 Consolidated Balance Sheets
2023 Consolidated Balance Sheets in NT$ thousands Year 2023.12.31 2022.12.31 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 2,896,935 9% 2,762,813 8% 134,122 5% Special reserve 955,999 3% 1,
Slide 12: 2023 Consolidated Cash Flows
2023 Consolidated Cash Flows in NT$ thousands 2023 2022 YoY Beginning Balance 8,310,286 9,546,619 (1,236,333) Net cash (used in) generated from 3,389,063 (457,749) 3,846,812 operating activities Net cash generated from (used in) (1,784,737) (2,733,743) 949,006 investing activities Net cash generated
Slide 13: Inventory as of 2023.12.31
Inventory as of 2023.12.31 in NT$ thousands 2023.12.31 2022.12.31 Property under processing of development Banqiao District, New Taipei City (JiaHe project with construction to be completed before the end of 2026) 2,218,215 1,889,819 Xinzhuang District, New Taipei City (JiaHsueh project with constru
Slide 14: Development Projects of Sinyi's Subsidiaries
Development Projects of Sinyi’s Subsidiaries Accumulated Total 2023 (As of Dec 31, 2023) Project Available Units Delivered Revenue Delivered Revenue Rate of sale Units Recognized Units Recognized NTD NTD Jia-Ho 144 100% 114 94 2.938B 1.911B Jia-Pin 114 100% - - - - Sanshui Jiating NTD NTD 608 69% 41
Slide 15: 2023 Standalone Comprehensive Income
2023 Standalone Comprehensive Income in NT$ thousands 2023 2022 YoY YoY% Net sales 10,551,141 10,077,630 473,511 5% Operating cost 7,764,505 7,548,670 215,835 3% Gross profit 2,786,636 2,528,960 257,676 10% Gross margin(%) 26% 25% 1pt Operating expense 1,111,203 1,079,556 31,647 3% Operating profit
Slide 16: 2023 Standalone Comprehensive Income
2023 Standalone Comprehensive Income in NT$ thousands (EPS in NT$) 2023 2022 YoY YoY% Net income 1,760,980 1,223,336 537,644 44% Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of defined benefit plans 3,716 146,801(143,085) (97%) Unrealize
Slide 17: 2023 Standalone Balance Sheets
2023 Standalone Balance Sheets in NT$ thousands Year 2023.12.31 2022.12.31 YoY Account Amount % Amount % Amount % Cash & Cash equivalents 2,499,435 9% 601,894 2% 1,897,541 315% Financial assets at fair value through other comprehensive income - current 127,300 - 109,723 1% 17,577 16% Accounts & Note
Slide 18: 2023 Standalone Balance Sheets
2023 Standalone Balance Sheets in NT$ thousands Year 2023.12.31 2022.12.31 YOY Account Amount % Amount % Amount % Short-term debt 1,398,621 5% - - 1,398,621 Na. Other payables 3,054,554 10% 2,343,263 8% 711,292 30% Other payables –Related Party 2,546,496 9% 1,020,484 4% 1,526,012 150% Current tax li
Slide 19: 2023 Standalone Cash Flows
2023 Standalone Cash Flows in NT$ thousands 2023 2022 YoY Beginning Balance 601,894 658,568 (56,674) Net cash (used in) generated from 1,962,374 815,771 1,146,603 operating activities Net cash generated from (used in) 1,009,358 (1,762,853) 2,772,211 investing activities Net cash generated from (used
Slide 20: 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 (Note) Note: We had obtained the permission of both Development Plan and the Building Plan. 2. Development schedule of Mengalum Is
Slide 21: The First Half of 2024 Taiwan Housing Market Outlook
The First Half of 2024 Taiwan Housing Market Outlook The housing market is expected to be stable in the first half of 2024, and the transaction volume will maintain a year-to-year growth. The preferential mortgage program geared toward young adults stabilizes rigid housing demand and benefits th
Slide 22: Q&A
fene O&A
Slide 23: Investor Relations
Investor Relations 23