GDH Guangnan Reports Strong 2024 Financial Results

Guangdong Investment ( (GGDVY) ) has released its Q4 earnings. Here is a breakdown of the information Guangdong Investment presented to its investors.

GDH Guangnan (Holdings) Limited is a Hong Kong-based company involved in the distribution and trading of fresh and live foodstuffs, manufacturing and sales of tinplate products, and property leasing. The company operates primarily in Mainland China and Hong Kong, with a focus on the Guangdong-Hong Kong-Macao Greater Bay Area.

In its 2024 annual results, GDH Guangnan reported a significant increase in revenue and profit attributable to shareholders. Revenue rose by 15% to HK$11,978 million, while profit attributable to shareholders surged by 114% to HK$141 million. The company also proposed a final dividend of HK2.50 cents per share, marking a 25% increase.

Key financial highlights include a 22% increase in revenue from the fresh and live foodstuffs segment, driven by a strong performance in the Greater Bay Area. The tinplating segment faced challenges with a 10% revenue decline due to intensified market competition. The property leasing segment saw a decrease in occupancy and revenue, while the liquidation of Yellow Dragon Food Industry Co., Ltd. contributed a gain of HK$30.11 million.

Looking ahead, GDH Guangnan aims to enhance its fresh and live foodstuffs business by expanding its industrial chain and exploring new business models such as e-commerce. The company plans to leverage technological innovation to improve operational efficiency and product competitiveness, while also focusing on strategic investments and regional collaboration to drive growth.

Overall, GDH Guangnan remains committed to optimizing its business operations and capital structure to ensure sustained growth and stable returns for shareholders, while integrating ESG principles into its corporate strategy.