China Real Estate (0127) announced that the loss attributable to the owners of the company last year was HK$35.15, which turned into a loss year-on-year; the loss per share was HK$1.843, and no final dividend was paid.
During the period, revenue was 1.29 billion yuan, a year-on-year decrease of 57.3%.
The turnaround from profit to loss during the period was mainly due to the decrease in net dividend income from Evergrande during the year; the turnaround in the current year through profit and loss based on the segment results of investments and treasury products reflecting fair value; Demolition fees charged by properties to tenants decreased.
Huazhi stated that during the year, the net loss recognised from securities investment and treasury products (excluding gains/losses recognised in the reserve of financial assets measured at fair value through other comprehensive income) was RMB 1.995 billion.
In addition, the Group recorded an unrealised loss of RMB947 million, mainly due to changes in fair value of bonds, listed equity investments and structured products, which had no impact on the Group's cash flow.
'As of the end of last year, the book value of Evergrande shares held by Huazhi was about 364 million yuan, compared with 12.814 billion yuan for the same period of the previous year.
