CHINANEWTOWN 2025 Profit Soars 65.3% to RMB75.71 Million; Declares HK$0.0025 Final Dividend

Bulletin Express
Mar 20

China New Town Development Company Limited (abbrev. CHINANEWTOWN) released its audited FY 2025 results, revealing a solid rebound in earnings and an expanded balance sheet.

Revenue rose 15.3% year on year to RMB388.92 million, led by a 25.0% increase in urbanisation investment income to RMB231.41 million. Building-construction revenue more than tripled to RMB57.18 million on accelerated progress at two Luodian New Town school projects, while property leasing revenue fell 24.8% to RMB100.34 million amid lower occupancy.

Operating profit improved 17.6% to RMB118.11 million, aided by a sharp reduction in other expenses and a RMB9.45 million reversal of impairment losses. Contribution from joint ventures and associates narrowed the loss to RMB8.08 million (FY 2024: RMB31.77 million loss).

Net profit attributable to equity holders jumped 65.3% to RMB73.30 million, lifting basic EPS to RMB0.0075 (FY 2024: RMB0.0046). The board proposes a final dividend of HKD0.0025 per share (FY 2024: HKD0.0039), subject to approval at the AGM on 25 June 2026; the record date is 6 July 2026, with payment expected by 27 July 2026.

Total assets expanded 17.4% to RMB9.27 billion, driven by a RMB1.46 billion increase in cash to RMB2.20 billion and higher short-term debt investments. Interest-bearing loans and borrowings climbed to RMB3.76 billion (FY 2024: RMB2.30 billion) after Success, a wholly owned subsidiary, issued RMB1.50 billion of three-year bonds at a 2.95% coupon in November 2025. The gearing ratio rose to 25% from 21% a year earlier.

Operating cash flow swung to an outflow of RMB177.22 million (FY 2024 inflow: RMB29.88 million), while net cash from financing activities surged to RMB1.30 billion, reflecting bond issuance proceeds. Net current assets increased to RMB4.82 billion (FY 2024: RMB3.57 billion).

Management attributes the earnings recovery to expanded fixed-income investments and tighter cost control. Looking ahead, the Group plans to deepen its focus on strategic emerging industries—such as integrated circuits, new energy, and high-end manufacturing—while continuing to monetise existing urbanisation and property assets.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10