Fantasia Holdings Group (1777) investor relations material

Executive summary

• Revenue increased 7.7% year-over-year to RMB4,925 million, driven by higher property deliveries.

• Net loss attributable to owners widened to RMB9,186 million, with a total comprehensive expense of RMB9,511 million.

• Gross profit margin declined to 12.3% from 16.4% due to lower profitability in property development.

• No final dividend was recommended for the year.

• The auditor issued a disclaimer of opinion due to significant going concern uncertainties.

Financial highlights

• Gross profit fell 19.4% to RMB603 million year-over-year.

• Administrative expenses decreased 11% to RMB488 million.

• Finance costs rose 6.4% to RMB4,460 million, mainly due to reduced interest capitalization.

• Cash and cash equivalents decreased 11.2% to RMB1,531 million.

• Gearing ratio reached 130.9% as of year-end.

Outlook and guidance

• The group is actively pursuing offshore and onshore debt restructuring, with major milestones achieved post-year-end.

• Plans include accelerating property sales, asset disposals, and cost controls to address liquidity pressure.

• Material uncertainties remain regarding the success of these measures and the ability to continue as a going concern.