• Robust financial performance with strong revenue and profit growth
• Successful completion of major property development projects
• Positive outlook for continued growth and expansion

Tian An Australia Ltd has reported its preliminary financial results for the year ended 31 December 2024, showcasing a robust performance with significant growth in revenue and profit. The company's financial assets, which include the Auburn Square Project, Chatswood 1 Project, and Chatswood 2 Project, were valued at a total of $177,546,000 as of the reporting date. The valuation of these assets involved complex judgments and assumptions, which were carefully reviewed and validated by the audit team. Similarly, the company's inventory, which primarily consists of the Point Grey Development Project and the Enfield Project, was assessed for net realizable value, resulting in a write-back of the provision for impairment on the Enfield Development Project. The audit process also included a review of the company's internal controls, accounting policies, and compliance with relevant regulations. Overall, the preliminary results demonstrate Tian An Australia Ltd's strong financial position and successful execution of its property development strategy, positioning the company for continued growth and expansion in the future.

The company is well-positioned for continued growth and expansion, with a strong pipeline of property development projects and a positive outlook for the Australian real estate market.