HK Stock Market Move | MIDEA REAL EST (03990) rose by 14% in the afternoon. The company expects the compound annual growth rate of net profit attributable to shareholders in 2025 to be not less than 20%.

MIDEA REAL EST (03990) closed up more than 6% yesterday and rose another 14% in the afternoon today. As of the time of writing, it is up 12.04% to HK$4, with a turnover of HK$44.4742 million. On the news front, MIDEA REAL EST recently released its annual performance. The company achieved a operating income of 3.73 billion yuan for the year, a year-on-year increase of 33%; retained core net profit attributable to shareholders reached 500 million yuan, a year-on-year increase of 25%; gross profit margin increased to 35.7%. During the reporting period, MIDEA REAL EST continued its consistent high dividend policy, declaring a dividend of HK$0.27 per share for financial year 2024, with a payout ratio of 70%. It is reported that in 2024, MIDEA REAL EST announced an internal restructuring of its real estate development business, divesting the property development business to its controlling shareholder and focusing on operating businesses. After the restructuring, the business composition of the listed platform will consist of four major segments, namely development services, property management services, asset operation, and real estate technology. MIDEA REAL EST's management disclosed at the performance release conference that the company expects a compound annual revenue growth rate of not less than 25% and a compound annual net profit growth rate attributable to shareholders of not less than 20% by 2025.