Maoye Int'l (00848) announced the mid-year performance of Maoye Commercial (600828.SH) in 2024. The revenue was about 1.574 billion yuan, a decrease of 10.74% YoY; the net income attributable to shareholders of the listed company was about 0.152 billion yuan, a decrease of 17.59% YoY; the non-net profit was about 0.131 billion yuan, an increase of 20.75% YoY; basic EPS was 0.0878 yuan/share.
According to the construction plan of the Chengdu-Chongqing main railway line of the Chengdu Municipal Government in Sichuan Province, Maoye Commercial's wholly-owned subsidiary, Chengshang Group Holding Co., Ltd., located at No.2 Bus Road in Jin Niu District, Chengdu, Sichuan Province, implemented land and house demolition compensation, with a total amount of 0.416 billion yuan. In the same period last year, Maoye Commercial confirmed the policy subsidy income of North Station demolition was 0.079 billion yuan, with an impact on the net profit of Maoye Commercial of 0.059 billion yuan.
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