Performance | Shun Tak Group's loss narrowed to HKD 480 million last year

Cinda Group (00242) announced that for the year ended as at the end of last December, the group recorded a loss attributable to shareholders of RMB 478 million, representing a loss per share of 15.8 cents, and no final dividend will be paid. The loss for the same period in 2024 was RMB 824 million.

During the period, revenue was RMB 2.415 billion, down 46.87% year-on-year.

The company said that as the tourism industry moves into a more mature and resilient stage of recovery, together with the continuing rise in demand for cultural, leisure and experiential tourism, the group maintains a prudent yet optimistic view of the long-term development of the regional tourism and tourism sector, and expects to extend growth momentum into 2026. At the same time, regional integration continues to deepen, and the country has rolled out a series of facilitation measures, including China implementing unilateral visa-free entry for more countries. This is expected to drive inbound tourism and promote cross-border passenger flows from the Greater Bay Area to even broader parts of the Asia-Pacific region.

Looking ahead to 2026 and beyond, the group said it is confident in the resilience and long-term development potential of the culture and tourism industry and the real estate industry. The group will implement its “Travel+” development strategy, actively leverage its diversified business platform and the role of a “Super Connector,” and adhere to a prudent yet flexible business strategy to achieve steady growth in its businesses and continuously enhance operational resilience, in order to cope with an ever-changing business environment in the region and create sustainable long-term value for shareholders.