【2019 Results】Shun Hao Property Full-Year Loss Narrows to RMB 178 Million, No Dividend Distribution

SocialAnxietyStaker · 2026-03-21T00:39:06+00:00

Shun Hao Property announced that last year's loss narrowed to 178 million yuan, with revenue increasing to 716 million yuan, and hotel occupancy rate exceeding 90%. The hotel business will face challenges in the future, and management will focus on increasing revenue and controlling costs.

SocialAnxietyStaker

2026-03-21 00:39:06

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Shun Ho Property (00219)
For the year ended last year, net loss narrowed to HKD 178 million, compared to a loss of HKD 290 million in the same period last year; the reduction in loss was mainly due to property revaluation and non-cash depreciation decreases. Earnings per share were HKD 34.74. No dividend declared.

During the reporting period, the company recorded revenue of HKD 716 million, up 4.7% year-on-year; the average hotel occupancy rate continued to exceed 90%. Compared to the previous year, hotel income increased by 6% to HKD 587 million.

Looking ahead, the company owns nine income-generating hotels, including seven in Hong Kong, one in Shanghai, and one in London, as well as the renovation project of the Wood Street Hotel in London.

As more mainland travelers choose to stay in the Greater Bay Area and visit Hong Kong on day trips, coupled with the ongoing negative impact of the Bay War, the future outlook for hotel operations and rental income remains challenging and unstable. Management will continue to work on increasing revenue and controlling costs.

Source: HKEX Announcement

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