Chinney Investments Ltd. has released its annual report for the fiscal year 2024/25, highlighting significant business and financial developments. The company reported a notable increase in profits from its businesses, which helped mitigate some of the impacts from investment property revaluation deficits and other non-cash items. Despite these gains, the final loss attributable to equity holders was substantial. Shareholders' equity experienced a decrease from the previous year, and the net assets per share also showed a decline. The business environment remained challenging, particularly for real estate developers in Hong Kong and China, due to high interest rates in the US and a sluggish economic recovery on the Mainland. The full report can be accessed through the link below.
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