Seazen Holdings (SHA:601155) posted 2024 net profit attributable to shareholders of 752.4 million yuan, up 2.1% from 737.1 million yuan the previous year.
Earnings per share remained largely flat at 0.33 yuan, according to a filing with the Shanghai bourse.
The property developer's revenue declined 25% year over year to 89.0 billion yuan from 119.2 billion yuan.
Shares of the company closed 1% lower Tuesday.