绿地香港公告，2025年首六个月，公司及其子公司及联属公司的合约销售约为29.72亿元，已售合约总 建筑面积约为36.44万平方米。上述销售数据未经审核，乃根据集团初步内部资料编制，与年度经审核 综合财务报表中披露的数字可能有所差异。 ...

Group 1: Company News - Greenland Hong Kong Holdings Limited (00337.HK) reported contract sales of approximately RMB 1.407 billion for the first five months of 2025, a year-on-year decrease of 59.27% [1] - Tencent Music (01698.HK) plans to acquire Ximalaya for USD 1.26 billion [2] - CIFI Holdings Group (00884.HK) recorded monthly contract sales of RMB 1.68 billion, a year-on-year decrease of 50% [2] - Yuzhou Group (01628.HK) reported contract sales of RMB 621 million in May, down from RMB 703 million in the same period last year [2] - HSBC Holdings (00005.HK) repurchased 520,900 shares on June 9, costing HKD 4.6 million [2] Group 2: Market Movements - The National Integrated Circuit Industry Investment Fund Co., Ltd. reduced its stake in Hua Hong Semiconductor (01347.HK) [2] - JPMorgan increased its short position in Bilibili (09626.HK) from 7.75% to 8.27% [2] - Haitian Flavoring and Food Company plans to issue 263 million shares at a price range of HKD 35 to HKD 36.3 per share [1]

智通财经6月10日电，绿地香港控股有限公司公告，2025年前5个月，该集团合约销售约为人民币14.07 亿元，同比减少59.27%；已售合约总建筑面积则约为208753平方米，同比减少32.4%。 ...

Major Events - Jin'an Industrial (02292) received a privatization offer from its controlling shareholder at a premium of approximately 30%, with resumption of trading on May 12 [1] - Jingtai Holdings (02228) plans to acquire 90% of Shanghai Siwei Medical for 250 million yuan, aiming to create an AI-enabled remote electrocardiogram diagnosis platform [1] - China Investment and Financing (01226) is in contact with MCHKI to explore several potential corporate activities following unusual stock price movements [1] - Qiu Tai Technology (01478) reported camera module sales of 33.229 million units in April, an increase of 8.4% month-on-month but a decrease of 20.1% year-on-year [1] - Stone Pharmaceutical Group (01093) received approval for clinical trials of SYH2046 in the United States [1] - Fosun Pharma (02196) subsidiary Junji Health obtained FDA approval for drug clinical trials [1] - Rongchang Bio (09995) received approval for the marketing of Aidiqi® for treating HER2-positive advanced breast cancer with liver metastasis in China [1] - Livzon Pharmaceutical (01513) received approval for the marketing of injectable aripiprazole microspheres [1] - GAC Group (02238) reported April automobile production of 108,600 units, a year-on-year decline of 25.74% [2] - China Overseas Development (00688) reported contract property sales of approximately 20.164 billion yuan in April, a year-on-year decrease of 7.5% [2] Share Buybacks/Reductions - China Hongqiao (01378) repurchased 19.667 million shares for 273 million HKD on May 9 [1] - AIA Group (01299) repurchased 1.5 million shares for 92.1915 million HKD on May 9 [1] - Cathay Securities (02611) repurchased 1.6906 million A-shares for 29.3356 million yuan on May 9 [1] - Times Electric (03898) repurchased 610,300 shares for 19.7008 million HKD on May 9 [1] - East Asia Bank (00023) acquired 52.8 million shares from Sumitomo Mitsui Banking Corporation [1] - Shandong Molong (00568) saw shareholder Zhimo Holdings reduce its holdings by 28.81 million H-shares [1] Operating Performance - Longyuan Power (00916) achieved a power generation volume of 6.9064 million MWh in April, a year-on-year increase of 4.85% [2] - New天绿色能源 (00956) reported a power generation volume of 1.4778 million MWh in April, a year-on-year increase of 16.91% [2] - Jianye Real Estate (00832) achieved a total property contract sales amount of 2.71 billion yuan in the first four months, a year-on-year increase of 4.8% [2] - China Overseas Hongyang Group (00081) reported a cumulative contract sales amount of 9.556 billion yuan in the first four months, a year-on-year decrease of 14.1% [2] - Times China Holdings (01233) reported a cumulative contract sales amount of approximately 1.81 billion yuan in the first four months, a year-on-year decrease of 29.87% [2] - Agile Property Holdings (01813) reported a pre-sale amount of 509 million yuan in April, a year-on-year decrease of 47.5% [2] - Greenland Hong Kong (00337) reported contract sales of approximately 880 million yuan in the first four months, a year-on-year decrease of 69.3% [2]

Financial Performance - In 2024, the company's revenue decreased to RMB 15,276 million, down from RMB 24,933 million in 2023, representing a decline of 38.8%[11]. - Gross profit for the year was RMB 796 million, a decrease of 69.0% from RMB 2,570 million in the previous year[11]. - The company reported a loss for the year of RMB 2,286 million, compared to a loss of RMB 1,769 million in 2023, indicating an increase in loss of 29.2%[11]. - Total assets decreased to RMB 114,470 million, down from RMB 128,236 million, a reduction of 10.7%[12]. - Total liabilities also decreased to RMB 97,319 million, down from RMB 108,178 million, a decline of 10.0%[12]. - The company experienced a basic loss per ordinary share of RMB 0.76, compared to RMB 0.63 in 2023, reflecting a worsening of 20.6%[11]. - The net loss attributable to the owners of the Group was approximately RMB 2,094 million, reflecting an increase of approximately 20% year-on-year[93]. - The total gross floor area of sold and delivered projects was 1,164,560 square meters, representing a decrease of approximately 36% from the previous year[96]. - Revenue from property sales was approximately RMB 14,105 million, a decrease of approximately 41% from the previous year[96]. - The total revenue for 2024 was approximately RMB 15,276 million, a decrease of approximately 38.7% from RMB 24,933 million in 2023, primarily due to a decrease in the recognized GFA of properties delivered[140]. Market Conditions - The global economic landscape remained complex, with China's real estate market facing double-digit declines in sales and investment growth, impacting domestic demand[15][16]. - The central government of China implemented policies to stabilize the real estate market, marking a shift towards active market rescue efforts[16]. - In 2024, the real estate market experienced a significant adjustment, with sales and investment growth declining by double digits, prompting the central government to implement a series of stabilizing policies[18]. - The overall operation of the Chinese economy showed a warming and improving trend amidst stability[83]. - 2024 was a critical year for China to achieve the objectives of the 14th Five-Year Plan, with stable progress in the economy[83]. - The global economic situation remained complex and volatile, impacting the overall market environment[83]. - In 2024, China's real estate market experienced a deep adjustment with double-digit declines in sales and investment growth, significantly impacting domestic demand[84]. - The central government implemented a series of policies to stabilize the real estate market, indicating a proactive policy tone[84]. Strategic Initiatives - The Group's core strategy of "1+2+3+X" aims to build a diversified industrial group, expanding into fields such as commercial operation and property services[23]. - Future strategies include revitalizing stock assets, innovating business models in long-term leasing, and enhancing service systems in property management[47]. - The company plans to implement a "1+2+3+X" development strategy over the next five years, focusing on optimizing structure, excelling in core business, and diversifying development[54]. - The Group's innovative "Greenland's smart manufacturing" platform aims to provide comprehensive management services across the entire industrial chain[21]. - The Group is committed to transforming its business model from scale development to efficiency-focused operations, enhancing internal dynamics and competitiveness[114][117]. - The Group's strategy includes activating existing assets and increasing liquidity to provide robust support for high-quality development[135][137]. Operational Efficiency - The Group focused on innovative marketing strategies, resulting in a notable reduction in planning expenses and site operating costs, while improving conversion rates through tenant sourcing for commercial office buildings[24]. - Cost reduction measures included streamlining construction practices and optimizing materials, contributing to enhanced efficiency across various projects[31]. - The Group's focus on optimizing supply chain collaboration and enhancing market confidence to address challenges in project delivery[107]. - The Group implemented policies to improve the marketability of existing projects, including discounted offerings and enhanced product positioning[110]. - The Group's innovative digital platform and private domain traffic matrix have significantly improved operational efficiency and service capabilities[128][131]. Property Development - Greenland Hong Kong Holdings Limited achieved a delivery area of 1.63 million sq.m. in 2024, including key projects such as Yancheng New Zone and Zhanjiang Greenland Mansion[27]. - The geographical distribution of property projects includes 29 projects in Jiangsu, 38 in Guangdong, and 9 in Zhejiang, among others[60]. - The company held a high-quality land bank of approximately 17,700,000 sq.m. as of December 31, 2024, primarily located in core cities[40][43]. - The residential leasing brand "Elite Home" managed nearly 10,000 units in cities like Shanghai, Nanjing, and Hangzhou, with an occupancy rate above 93%[42][45]. - The Group's projects in key regions such as Jiangsu, Guangdong, Zhejiang, and Guangxi were the primary sources of contracted sales[104]. Financial Management - Greenland HK maintained a low net interest-bearing gearing ratio and effective interest cost, ensuring sound financial fundamentals[35][38]. - The net gearing ratio increased to approximately 75% in 2024 from 58% in 2023, with total borrowings of approximately RMB 14,321 million[166]. - The Group's financial performance is subject to various risks, including business risk, government policy impact, foreign exchange risk, and third-party risk[180][181][182][184]. - The Group's treasury policy aims to strengthen treasury control and reduce funding costs while monitoring foreign exchange risks related to RMB and USD[172][183]. Corporate Governance - The Board does not recommend payment of a final dividend for the twelve months ended December 31, 2024[93]. - The Board emphasizes maintaining best practices in corporate governance to ensure transparency and fairness in disclosures[190][192]. - The Group's chairman and CEO roles were combined from May 17, 2024, to December 31, 2024, which the Board believes aids in efficient strategy formulation[193].

智通财经APP讯，绿地香港(00337)发布截至2024年12月31日止年度业绩，集团收益人民币152.76亿元， 同比减少38.73%;股东应占亏损20.94亿元，同比扩大19.5%;每股亏损0.76元。 2024年，在集团战略方针的引领下，通过灵活应用创新机制有效应对了行业挑战，不仅在核心业务领域 实现了全方位布局的深化，还在多个重点项目上展现了卓越的执行力与攻坚克难破局精神。公司在多元 化突破与创新求变的导向下，不断拓宽业务边界，挖掘新的价值源泉，在深化内部改革、强化运营管理 以及积极拥抱变化方面取得了显着的成效。 依托绿地品牌和资源优势，赋能新赛道业务，孵化"绿地智造"轻资产代建平台。从产品力、品牌力、项 目管理、资源整合、全业态开发等各方面出发，聚焦与各地城投、国资平台合作，为客户提供全产业链 与全生命周期管理服务，打造一批代建标竿项目，引领行业新发展。 在回顾年度内，绿地香港共荣获行业奖项10项，其中国际奖项2项，国内奖项8项。在住房租赁领域，菁 舍凭藉卓越经营与品牌影响力，斩获住房租赁行业"奥斯卡"广厦大奖及多项行业重要奖项，如"全国集 中式品牌公寓 top10""模式创新领航品牌"等。在代建业 ...

Financial Performance - Total revenue for the fiscal year 2024 was RMB 15,275,935, a decrease of 38.5% compared to RMB 24,932,665 in 2023[3] - Gross profit for the fiscal year 2024 was RMB 796,299, down 69.0% from RMB 2,570,066 in 2023[3] - The net loss for the fiscal year 2024 was RMB 2,285,619, compared to a net loss of RMB 1,769,176 in 2023, representing a 29.2% increase in losses[3] - The company reported a basic loss per share of RMB (0.76) for 2024, compared to RMB (0.63) in 2023[5] - The net loss attributable to shareholders for 2024 is RMB 2,093,503,000, compared to RMB 1,751,863,000 in 2023, indicating an increase in losses[54] - The group reported a net loss attributable to shareholders of approximately RMB 2,094,000,000, an increase of about 20% year-on-year[65] - Gross profit fell from approximately RMB 2,570,000,000 in 2023 to about RMB 796,000,000 in 2024, resulting in a gross margin decrease from 10% to 5%[89] - The income tax expense for 2024 is RMB 686,615,000, a decrease of 41.3% from RMB 1,168,765,000 in 2023[50] Assets and Liabilities - The total assets decreased to RMB 114,470,038 in 2024 from RMB 128,236,470 in 2023, a decline of 10.7%[8] - Total liabilities decreased to RMB 97,318,533 in 2024 from RMB 108,178,097 in 2023, a reduction of 10.1%[8] - The total non-current assets amounted to RMB 18,125,345 in 2024, down from RMB 19,615,562 in 2023, a decrease of 7.6%[7] - The company’s cash and cash equivalents decreased to RMB 1,717,941 in 2024 from RMB 2,817,941 in 2023, a decline of 39.1%[7] - As of December 31, 2024, the total interest-bearing debt of the group amounted to RMB 14,321,000,000, with RMB 8,477,000,000 due within one year after the reporting period[21] - The group has overdue interest-bearing loans totaling RMB 3,609,000,000, including a syndicated offshore loan of USD 80,000,000 and HKD 415,000,000 (equivalent to RMB 958,000,000) maturing in January 2025[22] - The group has not repaid certain interest-bearing loans amounting to RMB 2,317,000,000 as of December 31, 2024, which are secured by inventory with a total book value of RMB 10,510,000,000[22] - The debt ratio increased to approximately 75% in 2024 from 58% in 2023, with total cash and cash equivalents amounting to RMB 1,373,000,000[97] Cash Flow and Financing - The company’s financing costs increased significantly to RMB 358,677 in 2024 from RMB 100,044 in 2023, a rise of 258.5%[3] - The group is actively negotiating with multiple lenders to extend the repayment terms of interest-bearing loans and is seeking new funding sources from various banks[24] - The management believes that, considering the plans and measures taken, the group will have sufficient working capital to meet its financial obligations due within the next twelve months[23] - The company is committed to improving cash flow management and optimizing debt structure to maintain a healthy financial condition[84] Market Conditions and Strategy - The real estate market in China experienced a significant downturn in 2024, with sales and investment growth rates declining sharply, contributing to insufficient domestic demand[61] - The central government has implemented a series of policies to stabilize the real estate market, indicating a shift towards more proactive measures[61] - The overall economic recovery is not solely dependent on the real estate sector, with monetary policy adjustments and fiscal measures expected to influence the market dynamics[62] - The company is focusing on diversifying its business and enhancing operational management to adapt to market changes[63] - The group aims to build a diversified industrial group by expanding into various sectors such as commercial operations, property services, and long-term rentals[68] Operational Performance - The company recognized revenue from hotel and related services of RMB 76,459 thousand for the year ended December 31, 2024, compared to RMB 61,102 thousand for 2023, representing a growth of about 25.1%[37][38] - The company received government subsidies of RMB 2,615 thousand in 2024, down from RMB 10,440 thousand in 2023, a decrease of approximately 75.0%[44] - The total revenue from rental income for investment properties is RMB 267,920,000, slightly down from RMB 270,956,000 in 2023[52] - The average selling price of properties was approximately RMB 11,529 per square meter, with total property sales revenue of approximately RMB 14,105,000,000, down about 41% year-on-year[66] - The total area of sold and delivered projects was 1,164,560 square meters, a decrease of about 36% compared to the previous year[66] Governance and Compliance - The independent auditor has issued an unqualified opinion on the consolidated financial statements for the year ending December 31, 2024[113] - The company has adhered to the corporate governance code, except for specific provisions regarding the separation of roles between the chairman and CEO[108] - The chairman and CEO roles are currently held by the same individual, which the board believes aids in effective strategy formulation[108] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the fiscal year ending December 31, 2024[109] Future Outlook - The company anticipates that the application of other IFRS revisions will not have any significant impact on future consolidated financial statements[18] - The central economic work conference emphasized the need to stabilize the real estate market in 2025, which is expected to provide strong support for market stabilization[82] - The group plans to implement a development strategy focusing on optimizing structure, enhancing core business, strengthening collaboration, and diversified development over the next five years[83] - The company is actively responding to market changes and enhancing its business ecosystem under the "second entrepreneurship" strategy[79]

Financial Performance - For the six months ended June 30, 2024, revenue decreased to RMB 6,331 million, down 23.1% from RMB 8,233 million in 2023[5] - Gross profit for the same period was RMB 858 million, a decline of 45.9% compared to RMB 1,584 million in 2023[5] - The company reported a loss for the period of RMB 500 million, compared to a profit of RMB 33 million in the previous year, marking a significant change of RMB 533 million[5] - Total revenue recorded was approximately RMB 6,331,000,000, which is a decrease of approximately 23% from the same period last year[12] - Loss attributable to owners of the Company for the period was approximately RMB 483,000,000, representing a year-on-year increase of approximately 689%[12] - Basic loss per share was RMB (0.17) for the six months ended June 30, 2024, compared to earnings of RMB 0.03 in 2023[83] - The company reported a loss for the period of RMB 500,366 for the first half of 2024, compared to a profit of RMB 33,498 in 2023[96] Revenue Breakdown - Revenue from property sales, the core business, was approximately RMB 5,806 million in 1H2024, accounting for about 92% of total revenue, representing a year-on-year decrease of approximately 25%[36] - Property sales amounted to RMB 5,805,610 thousand, down 25.5% from RMB 7,790,022 thousand in 2023[7] - Revenue from hotel and related services was RMB 38,454 for the first half of 2024, compared to RMB 20,631 in the same period of 2023[95] - The property management and other services segment generated RMB 358,577 in the first half of 2024, down from RMB 323,935 in the prior year[95] - Lease of properties revenue rose to RMB 127,952 thousand, up 30.3% from RMB 98,194 thousand in 2023[7] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 124,030 million, down from RMB 128,236 million at the end of 2023, a decrease of 3.3%[6] - Total liabilities decreased to RMB 105,159 million from RMB 108,178 million, reflecting a reduction of 2.0%[6] - The Group's total equity was approximately RMB 18,871 million, down from RMB 20,058 million as of December 31, 2023, representing a decrease of about 5.9%[45] - The net gearing ratio was approximately 66% as of June 30, 2024, compared to 58% as of December 31, 2023, indicating an increase in financial leverage[45] - Total cash and cash equivalents, including restricted cash, were approximately RMB 1,883 million, while total borrowings amounted to approximately RMB 14,355 million[45] Market Outlook - The real estate market in China is expected to stabilize and recover due to relaxed policies and increased support for affordable housing construction[9] - The real estate market is expected to stabilize with the implementation of favorable policies, despite short-term uncertainties[10] Operational Strategies - The Company focused on optimizing supply chain collaboration and enhancing market confidence to ensure construction progress and high-quality delivery[18] - Greenland HK has adopted a dual driving force strategy of "real estate + commerce," focusing on creating benchmark commercial projects in various regions[25] - The Group's strategy includes a "2+2" innovative service model to enhance brand influence and market competitiveness[32] - The Group plans to adjust sales and pre-sale activities to better respond to market needs and achieve budgeted sales volumes[90] Employee and Governance - The Group employed a total of 2,543 employees as of June 30, 2024, with 1,029 employees in the property development business[53] - The company complied with the corporate governance code provisions except for C.2.1 and F.2.2 during the six-month period ended June 30, 2024[66] - All directors confirmed compliance with the Model Code for securities transactions during the six months ended June 30, 2024[66] Financial Management - The Group's treasury policy aims to enhance control over treasury functions and lower capital costs, with a focus on monitoring interest rate risks[45] - The Group is actively negotiating with banks to extend the repayment schedule of interest-bearing loans and secure new financing sources[90] - The Group has adopted several plans to alleviate liquidity pressures, including continuous communication with key contractors and suppliers for payment arrangements[90] Shareholder Information - The total issued share capital of the Company as of June 30, 2024, is 2,791,884,683 Shares[58] - Mr. WANG Weixian is deemed to be interested in 38,804,571 Shares held by Prestige Glory Enterprises Limited, which he beneficially owns[58] - As of June 30, 2024, Gluon Xima International Limited holds 1,650,244,409 shares, representing approximately 59.11% of the company's issued shares[63] Cash Flow and Financing - Net cash used in operating activities for the six months ended June 30, 2024, was RMB (960,173) thousand, compared to RMB (203,910) thousand in 2023, indicating a significant increase in cash outflow[88] - The Group's net cash used in financing activities was RMB (510,777) thousand for the six months ended June 30, 2024, a decrease from RMB (962,016) thousand in 2023[88] - The Group's cash and cash equivalents decreased by RMB 740,894 thousand for the six months ended June 30, 2024, compared to a decrease of RMB 1,273,478 thousand in 2023[88]

Financial Performance - Revenue for the first half of 2024 was RMB 6,330,593 thousand, a decrease from RMB 8,232,782 thousand in the first half of 2023, representing a decline of approximately 23.1%[1] - Gross profit for the first half of 2024 was RMB 857,772 thousand, down from RMB 1,583,602 thousand in the same period last year, indicating a decrease of about 45.9%[1] - The net loss for the first half of 2024 was RMB 500,366 thousand, compared to a profit of RMB 33,498 thousand in the first half of 2023, marking a significant shift in performance[2] - Total revenue for the six months ended June 30, 2024, was RMB 6,664,238 thousand, a decrease from RMB 8,800,698 thousand for the same period in 2023, representing a decline of approximately 24.3%[12][13] - The basic loss per share for the first half of 2024 was RMB (0.17), compared to earnings per share of RMB 0.03 in the first half of 2023[2] - The company reported a loss attributable to shareholders of approximately RMB 483,000,000, a decrease of about 689% year-on-year[32] - The company did not declare or recommend any interim dividend for the period[20] - The company reported a net loss of RMB 500,366 thousand for the six months ended June 30, 2024, compared to a profit in the previous period[12][13] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 124,030,039 thousand, down from RMB 128,236,470 thousand at the end of 2023, reflecting a decrease of approximately 3.4%[4] - Total liabilities as of June 30, 2024, were RMB 105,158,728 thousand, slightly down from RMB 108,178,097 thousand at the end of 2023, indicating a decrease of about 1.9%[4] - Non-current liabilities decreased to RMB 5,213,455 thousand as of June 30, 2024, from RMB 8,631,406 thousand at the end of 2023, a reduction of about 39.5%[4] - The total amount of receivables as of June 30, 2024, is RMB 20,212,862, down from RMB 22,400,328 as of December 31, 2023[24] - The total accounts payable as of June 30, 2024, is RMB 54,133,817, compared to RMB 54,402,412 as of December 31, 2023[27] Cash Flow and Liquidity - The company's cash and cash equivalents, including restricted bank deposits, totaled RMB 905,461 thousand and RMB 977,233 thousand as of June 30, 2024, compared to RMB 1,121,610 thousand and RMB 1,717,941 thousand at the end of 2023, indicating a decline in liquidity[3] - The cash and cash equivalents balance, including restricted cash, was approximately RMB 1,883,000,000[32] - The company aims to enhance cash flow management and optimize its debt structure to maintain a healthy financial position[43] Market and Operational Strategy - The management acknowledges significant uncertainty regarding the ability to implement plans and measures due to volatility in the Chinese real estate market[6] - The group plans to adjust sales and pre-sale activities to better respond to market demand and achieve the latest budgeted sales and pre-sale amounts[5] - The company is actively responding to new real estate policies and optimizing strategies to strengthen sales in key regions and projects[39] - The company aims to deepen its business layout and enhance brand influence through the "2+2" innovative service model, aligning closely with customer needs[41] Construction and Development - The company will continue to monitor the construction progress of its real estate development projects to ensure timely completion and delivery to customers[5] - The company has implemented effective measures to ensure construction progress and high-quality delivery commitments amid market and policy pressures[34] - The company is committed to enhancing operational capabilities in the Yangtze River Delta and Greater Bay Area while adopting a cautious investment strategy[40] Investment and Fair Value - The fair value loss on equity investments was RMB (2,518) thousand for the first half of 2024, contrasting with a gain of RMB 1,270 thousand in the same period last year[2] - The company recorded a fair value loss on investment properties of approximately RMB 592,000,000, compared to a loss of RMB 389,000,000 in the same period last year[50] - The fair value of investment properties decreased from RMB 9,554,000 (as of January 1, 2024) to RMB 8,962,250 (as of June 30, 2024)[22] Employee and Governance - The group employed a total of 2,543 employees as of June 30, 2024, with 1,029 employees working in property development[58] - The company has adhered to the corporate governance code, with the roles of chairman and CEO combined from May 17, 2024, to June 30, 2024[61] Future Outlook - The government is expected to continue implementing supportive policies to positively impact future real estate sales[31] - The company plans to accelerate transformation and embrace industry changes while exploring new opportunities for diversified development[42]

Financial Performance - Revenue for 2023 was RMB 24,933 million, a decrease of RMB 1,681 million (approximately 6.3%) from RMB 26,614 million in 2022[8]. - Gross profit for 2023 was RMB 2,570 million, down RMB 1,529 million (approximately 37.3%) compared to RMB 4,099 million in 2022[8]. - The company reported a loss for the year of RMB 1,769 million, a decline of RMB 2,549 million from a profit of RMB 780 million in 2022[8]. - Total assets decreased to RMB 128,236 million in 2023, down RMB 21,415 million (approximately 14.3%) from RMB 149,651 million in 2022[10]. - Total liabilities were RMB 108,178 million, a reduction of RMB 18,260 million (approximately 14.4%) from RMB 126,438 million in 2022[10]. - Total equity decreased to RMB 20,058 million, down RMB 3,155 million (approximately 13.6%) from RMB 23,213 million in 2022[10]. - The net loss attributable to the owners of the Group was approximately RMB 1,752 million, reflecting a decrease of approximately 464%[162]. - The board does not recommend payment of a final dividend for the twelve months ended December 31, 2023[162]. Revenue Sources - Sales of properties accounted for 95.5% of total revenue, totaling RMB 23,800 million, a decrease of RMB 1,877 million (approximately 7.3%) from RMB 25,677 million in 2022[11]. - Property management and other services revenue increased by RMB 184 million (approximately 29.8%) to RMB 801 million in 2023[11]. - Rental income rose by RMB 12 million (approximately 4.6%) to RMB 271 million in 2023[11]. - The average selling price was approximately RMB 12,952 per square meter, with total revenue from property sales around RMB 23,800 million, a decrease of approximately 7.3% from the previous year[166]. - The average contracted selling price during the period was approximately RMB 11,012/sq.m.[174]. Market Conditions - China's real estate investment declined by 9.6% in 2023 compared to 2022, and new construction commencement plummeted by 20.9%[19]. - Nearly 90% of China's top 100 listed real estate companies experienced a shrink in market capitalization in 2023[19]. - The global GDP growth rate for 2023 was 2.6%, while China's GDP growth rate was 5.2%[18]. Strategic Initiatives - The company aims to strategically deepen its land bank in the Yangtze River Delta and Pan-Pearl River Delta regions, having developed projects in 37 cities across 9 provinces[3]. - Greenland HK focused on innovative sales and marketing strategies to enhance efficiency and reduce losses amid a challenging real estate market[26]. - The company implemented a series of effective measures to maintain overall stability in production and operation[26]. - Greenland HK's strategic focus remains on first-tier cities in the Yangtze River Delta and Greater Bay Area, adopting a prudent investment strategy for long-term stability[33]. - The Group's strategic focus includes reshaping sales momentum, achieving high-quality delivery, and expanding funding sources through a multi-channel approach[32]. Project Development - In 2023, Greenland HK delivered over 3 million square meters of real estate, with 465,000 square meters delivered ahead of schedule[20]. - The Group maintained a high-quality land bank of approximately 19 million square meters as of December 31, 2023, sufficient to support future development needs[38]. - The company has a portfolio of 30 projects in Jiangsu across 9 cities, 9 projects in Zhejiang across 6 cities, and 38 projects in Guangdong across 12 cities[61]. - The company is focused on expanding its property development portfolio, with a significant number of projects in key urban areas across China[61]. Customer Engagement and Marketing - The Southern China region launched the "30-Day Refund for No Reason" campaign, enhancing customer trust and participation in marketing activities[31]. - The Group's marketing initiatives included over 1,250 activities for owners' circles and a creative photography contest that generated over 1.05 million discussions on Douyin[31]. - The Group emphasized the integration of new media platforms to improve customer engagement and drive property sales[177]. - The Group launched six series of IP products, focusing on quality and innovative construction processes[176]. Awards and Recognition - The Group won a total of 19 industry awards in 2023, including 5 international awards and 14 domestic awards[161]. - Greenland HK's first intelligent construction project, the Yancheng Dafeng Distillery Demonstration Center, received the highest honor in its category at the 10th Architectural Creation Award[161]. Future Outlook - Greenland HK's development strategy for the next five years includes optimizing structure, excelling in core business, strengthening coordination, and diversifying development[53]. - The company plans to develop smart manufacturing and property improvement services in a coordinated manner alongside its real estate business[53]. - Greenland HK is committed to fulfilling social responsibilities and contributing to sustainable development as part of its corporate culture[54].