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Seazen Group Reports 2024 Financial Results with Increased Revenue and Reduced Borrowings

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Seazen Group Reports 2024 Financial Results with Increased Revenue and Reduced Borrowings

The latest announcement is out from Seazen Group Ltd. ( (HK:1030) ).

Seazen Group Limited reported its annual financial results for the year ending December 31, 2024, highlighting a revenue of approximately RMB89,227 million, with a notable 13.9% year-on-year increase in revenue from commercial property management services and rental income. The company achieved a gross profit of RMB14,984 million and a net profit attributable to equity holders of RMB491 million. Seazen also reduced its total borrowings by 8.6% year-on-year, with a net debt-to-equity ratio of 53.8%, indicating a strengthened financial position.

More about Seazen Group Ltd.

Seazen Group Limited, incorporated in the Cayman Islands, operates in the real estate industry with a focus on commercial property management services and rental income.

YTD Price Performance: 15.93%

Average Trading Volume: 22,944,160

Technical Sentiment Signal: Sell

Current Market Cap: HK$14.85B

See more insights into 1030 stock on TipRanks’ Stock Analysis page.

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