智通财经APP获悉，4月29日，旭辉控股集团(00884)发布境外债务重组最新进展公告。根据香港高等法 院于4月23日作出的颁令，公司计划在不晚于5月12日开始至28日期间开放债权人投票通道，并预计于6 月3日召开债权人会议。若重组方案在会议上获得通过，旭辉将于6月26日完成最终批准聆讯。 在债务重组稳步推进的同时，旭辉也在积极谋划未来发展之路。旭辉控股董事局主席林中在近期发布的 业绩报告中展望称，2025年中国房地产市场将加速转向高质量发展，这一年也将成为旭辉的战略转型关 键年。旭辉将全面转向"轻资产、低负债、高质量"的发展模式。业内人士认为，依托"房地产新发展模 式"的政策机遇，以及旭辉近20年来形成的"全链条、全业态、全国化布局"，公司积极寻求轻资产业务 转型，有望进一步夯实可持续发展基础。 公告还特别提醒债权人，债权人会议的通知及相关计划文件将于5月12日前(即计划会议指定日期前至少 21天)分发。债权人需在收到文件后立即采取所有必要行动，以确保其权益得到充分保障和有效行使。 数据显示，旭辉境外债务本金规模为68.58亿美元，占其24年末整体有息债务的55%，这一占比高于绝 大多数房地产企业。这也意味 ...

Company Overview - As of December 31, 2024, the company has a total land bank of approximately 29.0 million sq.m. and attributable GFA of approximately 17.0 million sq.m.[13] - The company focuses on developing high-quality properties in first- and second-tier cities in China, covering residential, office, and commercial complexes[12] - The company has established a strong presence in major cities across four regions: the Yangtze River Delta, the Pan Bohai Rim, the Central Western Region, and the South China Region[13] - The company aims to become a leading and well-respected real estate enterprise in China, driven by its mission of "building for a better life"[14] - The company is engaged in property development, property investment, and property management services in the People's Republic of China[11] - The company has achieved nationwide operational coverage and a solid position in key urban areas[12] - The company is committed to developing properties that cater to end-users in mature market segments[12] - The company has a diversified portfolio that includes various property types, enhancing its market adaptability[12] - The company is strategically positioned to capitalize on growth opportunities in China's real estate market[11] Property Development and Projects - The company has completed and commenced leasing several properties in Shanghai, including Shanghai LCMART with a rentable area of 2,842 sq. m. and Shanghai CIFI U Block with 5,389 sq. m., both at a 50% interest[29] - The total rentable area of completed properties in Shanghai includes Shanghai CIFI Haishang International at 29,585 sq. m. and Shanghai Henderson CIFI Center at 10,740 sq. m., both at a 100% interest[29] - The company has a significant presence in Beijing with the Beijing CIFI Wangxin Commercial Centre, which has a rentable area of 4,860 sq. m. at a 100% interest, and the Beijing Wukesong Project with a total area of 277,530 sq. m. for phases 1 to 4[31] - The company is developing several properties, including Wenzhou Guanghui City with a total GFA of 424,026 sq. m. expected to complete between 2024 and 2028[37] - The Lu'an CIFI Centre is under development with a total GFA of 302,743 sq. m. expected to complete between 2023 and 2026[37] - The Huai'an CIFI Plaza is also under development with a total GFA of 301,210 sq. m. expected to complete between 2023 and 2027[37] - The company is expanding its market presence with new projects in cities like Chengdu and Xi'an, with properties like Chengdu Xindu CIFI Cmall at 88,921 sq. m. and Xi'an CIFI Centre at 41,129 sq. m.[31] - The company has ongoing development projects with a total Gross Floor Area (GFA) of 1,221,029 sq.m. in Taiyuan, expected to complete between 2023-2027, primarily for residential and commercial use[39] - Another project in Taiyuan has a GFA of 1,298,971 sq.m., also under development with a completion date set for 2023-2027, intended for residential, office, and commercial purposes[39] - The Linyi Xinghui City project has a GFA of 431,617 sq.m., expected to be completed between 2024-2026, focusing on residential and commercial use[42] - The Chengdu Tianfu Future Centre project is under development with a GFA of 406,735 sq.m., anticipated to complete between 2023-2026, designated for residential and commercial purposes[42] - The Zhengzhou Konggang Times project has a GFA of 535,442 sq.m., with a completion date between 2022-2026, aimed at residential and commercial use[45] - The company has a diversified portfolio with properties designated for commercial, office, and residential use across various cities in China[36] Financial Performance - For the year ended December 31, 2024, the Group achieved contracted sales of RMB33.68 billion, with a contracted gross floor area of 2,781,810 sq.m. and an average selling price of approximately RMB12,106/sq.m.[61][66] - The recognized revenue for 2024 was approximately RMB47,788.7 million, while the net loss attributable to equity owners was approximately RMB7,075.9 million, and the core net loss was approximately RMB5,825.0 million[61][64] - The Group delivered approximately 62,000 property units in total throughout 2024, emphasizing efforts to ensure delivery and operations[67][70] - The Group's property management service segment, Yongsheng Service Group, achieved a revenue increase of 4.6% year-on-year, reaching approximately RMB6,841.1 million, marking a historical high[69] - The gross profit margin for basic property management and community value-added services accounted for approximately 94.8% of the revenue structure, while the proportion of value-added services to non-owners decreased to about 8.8%[69] - The Group's financial position and business operations are heavily reliant on domestic sales and cash collection, with ongoing efforts to accelerate these processes[71] - The Group's sales revenue from properties recognized in 2024 was approximately RMB38.44 billion, a decrease of 39.2% year-on-year, accounting for 80.4% of total recognized revenue[107]. - The average selling price of properties recognized in 2024 was approximately RMB11,001/sq.m., down 23.0% from RMB14,283/sq.m. in 2023[107]. - Revenue from property sales in 2024 was approximately RMB 38,440.6 million, down by 39.2% year-on-year, accounting for 80.4% of total recognised revenue[109] - The Group's gross profit in 2024 was approximately RMB7,362.4 million, down 34.5% from RMB11,232.7 million in 2023[140] - The loss before tax for 2024 was approximately RMB3,647.2 million, an improvement from a loss of RMB5,452.3 million in 2023[155] - The Group incurred a net exchange loss of approximately RMB563.2 million in 2024, compared to RMB372.5 million in 2023[142] - The fair value loss on investment properties was approximately RMB603.5 million in 2024, up from RMB133.7 million in 2023[143] Market Position and Rankings - The company is ranked 27th in the "Top 30 Real Estate Development Enterprises with Comprehensive Strength in 2024" by the China Real Estate Association[46] - The company achieved a ranking of 10th in the "Top 30 Real Estate Developers in Delivery Capabilities in China in 2024" according to CRIC Research[46] - The Group plans to deliver approximately 62,000 property units in 2024, ranking 16th in the "2024 China Typical Real Estate Enterprises Delivery Ranking" by E-Han Think Tank[88] - Approximately 270,000 property units were delivered from 2022 to 2024, with about 62,000 units delivered in 2024, ranking 16th in the "2024 Typical Real Estate Enterprises Delivery Ranking in China"[91]. Corporate Governance and Management - The company has a corporate governance structure in place, ensuring effective oversight and management[50] - Mr. Lin Zhong, the founder and executive director, has approximately 34 years of experience in the real estate industry[197] - Mr. Lin Wei, the executive director and vice-chairman, has about 29 years of experience in the real estate business[200] - Mr. Ru Hailin, appointed as CEO on November 30, 2023, has extensive management experience in the real estate sector[199] - The company has a remuneration structure based on performance, experience, and market wage levels, including basic salary, cash bonuses, and share-based incentives[195] Sustainability and Future Outlook - The company has been included in the Hang Seng Corporate Sustainability Benchmark Index, reflecting its commitment to sustainability[46] - The Group aims to enhance operational efficiency through green building practices and digital innovation, while building differentiation advantages in core cities[94]. - Ever Sunshine Services aims to gradually switch to an asset-light business model to retain core resources and capacities during the adjustment cycle of China's property development industry[83]

智通财经APP获悉，3月31日，旭辉控股集团(00884)发布2024年度业绩公告。报告期内，公司实现营业 收入477.89亿元，归母净利润较2023年减亏19.07亿元，亏损幅度连续两年收窄；毛利率为15.4%，保持 稳定态势。同时，公司秉持以收定支策略，经营活动所得现金净额连续3年保持为正。 作为保交付行动派，旭辉积极响应国家号召，始终把"保交付"工作放在首位，持续兑现对客户的承诺。 2024年，旭辉在全国49个城市的95个项目中交付了6.2万套新房，2022-2024年旭辉在全国76个城市累计 完成交付超27万套新房，整体交付率达95%。 凭借三年来稳定的交付成绩和对交付品质的追求，旭辉在行业内收获了众多荣誉认可，包括"2023年中 国楼市交付示范企业"、"2023年房地产企业品质交付力卓越表现"、"2023年美好品质交付企业"、"2023 年度中国典型房企服务力TOP14"、"2023房地产开发企业交付力TOP8"、"2024房地产开发企业交付力 TOP10"、"2024年度价值交付力企业"等殊荣。 在"保交付"的征程中，房企要全力打好保交付攻坚战，这既需要依靠自身的不懈努力，也离不开政策层 面的有力 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 47,788,740,000, compared to RMB 71,832,556,000 in the previous year[3]. - The net loss for the year was RMB 6,325,569,000, compared to a loss of RMB 8,678,943,000 in the previous year[3]. - Basic loss per share was RMB 0.68, compared to RMB 0.86 in the previous year[5]. - The total recognized revenue for 2024 was approximately RMB 47,788,740,000, a decrease of 33.5% compared to RMB 71,832,556,000 in 2023[67]. - The gross profit for 2024 was approximately RMB 7,362,400,000, a decline of 34.5% from RMB 11,232,700,000 in 2023[69]. - The company reported a significant net loss attributable to shareholders of approximately RMB 7,075,859,000 as of December 31, 2024[46]. - The company reported a net loss of RMB 1,502,398,000 in 2023, compared to a loss of RMB 852,156,000 in 2022, marking an increase in losses of approximately 76.5%[30]. Revenue Sources - Rental income from investment properties and related services was approximately RMB 1,758,000,000, an increase of 10.4% year-on-year[2]. - Property management and other service income reached approximately RMB 6,639,500,000, reflecting a year-on-year increase of 9.4%[2]. - Property sales and related services revenue decreased by 38.6% to approximately RMB 39,391,300,000 in 2024[66]. - The recognized revenue from property sales in 2024 was approximately RMB 38.44 billion, representing a year-on-year decrease of 39.2% and accounting for 80.4% of the total recognized revenue[54]. Assets and Liabilities - Total assets as of December 31, 2024, are RMB 177,255,842,000, compared to RMB 217,818,220,000 in 2023, indicating a decrease of approximately 18.6%[6]. - The company's total liabilities decreased from RMB 217,818,220,000 in 2023 to RMB 177,255,842,000 in 2024, indicating a reduction of about 18.6%[6]. - The company's cash and cash equivalents decreased from RMB 12,749,791,000 in 2023 to RMB 9,947,372,000 in 2024, a decline of about 21.9%[6]. - The total current assets decreased from RMB 83,262,672,000 in 2023 to RMB 78,912,643,000 in 2024, reflecting a reduction of approximately 5.2%[6]. - The company's total receivables from joint ventures and associates decreased from RMB 22,765,845,000 in 2023 to RMB 21,571,068,000 in 2024, a decline of about 5.2%[6]. Debt and Financing - Outstanding debt decreased for three consecutive years, totaling approximately RMB 86,653,800,000, a reduction of about RMB 5,627,300,000[2]. - The total liabilities increased from RMB 79,868,941 thousand to RMB 92,560,110 thousand, representing a growth of approximately 15.8%[7]. - The group is actively negotiating with multiple financial institutions for the extension and deferral of existing bank loans to improve liquidity[12]. - The group has outstanding bank loans, senior notes, and convertible bonds totaling RMB 18,331,289,000, RMB 29,104,995,000, and RMB 1,310,772,000 respectively, which may constitute defaults[46]. Operational Highlights - The group delivered approximately 62,000 property units in 2024, totaling around 270,000 units from 2022 to 2024[2]. - The company has entered 55 projects into the real estate "white list" in 2024[2]. - The group achieved a contract sales amount of approximately RMB 33.68 billion in 2024, with a total contracted sales area of about 2,781,810 square meters, resulting in an average selling price of RMB 12,106 per square meter[50]. - Residential projects accounted for about 86.8% of the total contract sales amount in 2024, while office and commercial projects contributed the remaining 13.2%[51]. Corporate Governance - The company has adopted and complied with the corporate governance code as per the listing rules of the Hong Kong Stock Exchange[96]. - The audit committee has reviewed the annual performance for the year ending December 31, 2024, and confirmed adherence to applicable accounting standards[99]. - The board of directors consists of eight members, including executive and independent non-executive directors, responsible for overall management and strategy formulation[100]. - The company has maintained its commitment to corporate governance and transparency throughout the reporting period[96]. Future Outlook - The company has plans for market expansion and new product development, focusing on real estate development and property management services in China[8]. - The company aims to focus on high-quality development, targeting improved housing demand driven by population inflow and industrial upgrades[65]. - The group has implemented strict cost-saving measures, including reducing non-core operational expenses[16]. - The group is exploring strategies to enhance operational efficiency through green building and digital innovation[65].

Land Bank and Property Development - Total land bank as of 30 June 2024 is approximately 34.3 million sq.m., with attributable GFA of 19.7 million sq.m.[4] - The company focuses on property development in first- and second-tier cities in China, covering residential, office, and commercial complexes[5] - CIFI Holdings operates in 4 key regions in China: Yangtze River Delta, Pan Bohai Rim, Central Western Region, and South China Region[5] - The Group's total land bank as of June 30, 2024, was approximately 34.3 million sq.m., with no new land acquisitions in H1 2024[32] - Total land bank as of 2024 is 34,300,087 sq.m., with Central Western Region accounting for 39.3% (13,467,308 sq.m.) and South China accounting for 9.0% (3,084,272 sq.m.)[85] - The Group's total land bank GFA was approximately 34.3 million sq.m. as of 30 June 2024, with an attributable GFA of approximately 19.7 million sq.m.[82] Financial Performance - Contracted sales for the six months ended 30 June 2024 were RMB20.31 billion, a year-on-year decrease of 51.6% from RMB41.94 billion in the same period in 2023[17][18] - Recognised revenue for the six months ended 30 June 2024 was RMB20,206.0 million, a year-on-year decrease of 35.5% from RMB31,318.9 million in the same period in 2023[17][18] - The Group's loss for the six months ended 30 June 2024 was approximately RMB4,440.4 million, compared to a loss of approximately RMB9,132.1 million in the same period in 2023[19] - Core net loss attributable to equity owners for the six months ended 30 June 2024 was approximately RMB3,401.0 million, compared to a core net loss of approximately RMB1,764.7 million in the same period in 2023[19] - The Group's recognised revenue decreased by 35.5% year-on-year to approximately RMB20,206.0 million in the first half of 2024[58] - The Group's gross profit decreased by 45.4% year-on-year to approximately RMB2,708.1 million in the first half of 2024, with a gross profit margin of 13.4%[63][67] - The Group recognised a loss of approximately RMB1,649.2 million on write-down of properties held for sale and properties under development for sale in the first half of 2024[64][67] - The Group recognised a fair value loss on investment properties of approximately RMB371.0 million in the first half of 2024[65][68] - The Group's selling and marketing expenses decreased by 38.4% year-on-year to approximately RMB675.0 million in the first half of 2024[69] - The Group's administrative expenses decreased by 23.5% year-on-year to approximately RMB915.5 million in the first half of 2024[70] - The Group's total debt was approximately RMB88.6 billion as of 30 June 2024, compared to RMB92.3 billion as of 31 December 2023 and RMB102.2 billion as of 30 June 2023[71] - The Group's share of results of joint ventures and associates amounted to a loss of approximately RMB80.7 million for the six months ended 30 June 2024, compared to a loss of RMB564.1 million in the same period last year[72] - The Group's finance costs expensed increased to approximately RMB1,841.3 million for the six months ended 30 June 2024, up from RMB1,415.9 million in the corresponding period of last year[72] - The Group's total indebtedness decreased to approximately RMB88.6 billion as of 30 June 2024, compared to RMB92.3 billion as of 31 December 2023 and RMB102.2 billion as of 30 June 2023[73] - The Group's income tax expenses decreased by 57.5% to approximately RMB987.2 million for the six months ended 30 June 2024, down from RMB2,321.0 million in the same period last year[73] - The Group's loss before tax was approximately RMB3,453.2 million for the six months ended 30 June 2024, compared to a loss of RMB6,811.0 million in the corresponding period last year[75] - The Group's net loss attributable to equity owners was approximately RMB4,939.4 million for the six months ended 30 June 2024, compared to a net loss of RMB8,972.0 million in the same period last year[75] - The Group's properties under development for sale decreased to approximately RMB85,629.8 million as of 30 June 2024, down from RMB96,603.3 million as of 31 December 2023[80] - The Group's bank balances and cash (including restricted cash and pledged bank deposits) amounted to approximately RMB12.7 billion as of 30 June 2024[34] - The Group's contracted ASP for the first half of 2024 was approximately RMB12,257/sq.m., with residential projects averaging RMB12,532/sq.m. and office/commercial projects averaging RMB11,547/sq.m.[37][39] - Contracted sales from the South China Region contributed 12.3% of the total contracted sales, with an ASP of RMB12,196/sq.m.[41] - The Group is actively negotiating with bondholders and advisors to address offshore liquidity issues and ensure long-term sustainability[34][35] - Revenue recognised from property sales for the six months ended 30 June 2024 was RMB15,840.3 million, down 41.6% year-on-year, accounting for 78.4% of total recognised revenue[44][45] - The Group delivered approximately 1,246,811 sq.m. of properties in GFA, down 33.4% year-on-year, with an ASP of RMB12,705/sq.m., down 12.3% year-on-year[44][45] - Residential properties accounted for 92.6% of recognised revenue from property sales, with an ASP of RMB12,392/sq.m., down 17.4% year-on-year[46] - Revenue from the Yangtze River Delta region accounted for 35.9% of total property sales revenue, with an ASP of RMB12,690/sq.m., down 25.7% year-on-year[47] - Second-tier cities contributed 89.2% of property sales revenue, with an ASP of RMB13,328/sq.m., down 12.1% year-on-year[50] - As of 30 June 2024, the Group had over 180 completed property projects with unsold or undelivered GFA of approximately 10.3 million sq.m.[52][55] - The Group had over 120 property projects under development or held for future development with a total GFA of approximately 24.0 million sq.m. as of 30 June 2024[53][55] - The Group's leases and other service income related to investment properties increased by 10.1% year-on-year to approximately RMB788.7 million in the first half of 2024[56][57] - Property management and other services income increased by 9.1% year-on-year to approximately RMB3,209.0 million in the first half of 2024[56][57] - Sales of properties and other property related service income decreased by 41.4% year-on-year to approximately RMB16,208.3 million in the first half of 2024[58] - The Group's net debt-to-equity ratio increased to 132.6% as of 30 June 2024, up from 121.6% as of 31 December 2023[97] - The Group's debt-to-asset ratio rose slightly to 31.3% as of 30 June 2024, compared to 30.6% as of 31 December 2023[97] - The Group's current ratio remained stable at 1.0 times as of 30 June 2024, unchanged from 31 December 2023[97] - The Group provided guarantees amounting to approximately RMB9,612.4 million for loans incurred by joint ventures and associates as of 30 June 2024, down from RMB9,843.2 million as of 31 December 2023[96] - The Group employed approximately 28,059 employees in China (including Hong Kong) as of 30 June 2024, with 2,768 in property development and 25,291 in property management and other businesses[98] - The Board resolved not to declare an interim dividend for the six months ended 30 June 2024[175] - The Group reported a net loss attributable to shareholders of approximately RMB 4,939,432,000[182] - The Group faced defaults or cross-defaults on principal and interest payments totaling approximately RMB 52,600,950,000 as of 30 June 2024[182] - The company incurred a net loss attributable to equity owners of approximately RMB 4,939,432,000 for the six months ended 30 June 2024[184] - The company's revenue for the six months ended 30 June 2024 was RMB 20,206,011,000, a decrease from RMB 31,318,914,000 in the same period in 2023[187] - The company's gross profit for the six months ended 30 June 2024 was RMB 2,708,108,000, down from RMB 4,963,562,000 in the same period in 2023[187] - The company's total comprehensive expense for the six months ended 30 June 2024 was RMB 4,444,864,000, compared to RMB 9,151,957,000 in the same period in 2023[187] - The company's non-current assets as of 30 June 2024 were RMB 80,661,408,000, a decrease from RMB 83,262,672,000 as of 31 December 2023[191] - The company's current assets as of 30 June 2024 were RMB 202,125,392,000, down from RMB 217,818,220,000 as of 31 December 2023[191] - The company's properties under development for sale as of 30 June 2024 were RMB 85,629,831,000, a decrease from RMB 96,603,349,000 as of 31 December 2023[191] - The company's bank balances and cash as of 30 June 2024 were RMB 11,385,327,000, down from RMB 12,749,791,000 as of 31 December 2023[191] - The company's total liabilities as of 30 June 2024 were RMB 282,786,800,000, a decrease from RMB 301,113,448,000 as of 31 December 2023[191] - The company's total equity as of 30 June 2024 was RMB 80,661,408,000, down from RMB 83,262,672,000 as of 31 December 2023[191] - Current liabilities increased to RMB 208,520,782 as of June 30, 2024, compared to RMB 198,326,050 at the end of December 2023[192] - Net current assets decreased to RMB 3,799,342 as of June 30, 2024, from RMB 9,297,438 at the end of December 2023[192] - Total equity attributable to owners of the company increased to RMB 20,229,281 as of June 30, 2024, from RMB 15,200,708 at the end of December 2023[192] - Non-current liabilities increased to RMB 64,568,820 as of June 30, 2024, compared to RMB 57,191,002 at the end of December 2023[192] - The company's reserves increased to RMB 19,373,671 as of June 30, 2024, from RMB 14,345,098 at the end of December 2023[192] - The fair value change on investments in equity instruments resulted in a loss of RMB 19,895 for the period[194] - The company recognized a total comprehensive loss of RMB 8,132,064 for the six months ended June 30, 2024[194] - The company paid dividends of RMB 438,755 to non-controlling interests during the period[194] - The distribution to owners of perpetual capital instruments amounted to RMB 120,089 for the period[194] - Total equity as of June 30, 2024, was RMB 74,940,030, compared to RMB 56,130,402 at the end of December 2023[194] - Total comprehensive income for the period was RMB 1,640,600 thousand, with a loss attributable to equity owners of the company amounting to RMB 4,999,632 thousand[195] - Cash generated from operations for the six months ended 30 June 2024 was RMB 7,387,809 thousand, compared to RMB 12,310,847 thousand in the same period in 2023[198] - Net cash flows from operating activities for the six months ended 30 June 2024 were RMB 6,874,486 thousand, down from RMB 10,944,185 thousand in the same period in 2023[198] - Advances to non-controlling interests amounted to RMB 615,588 thousand, while repayments from non-controlling interests were RMB 708,522 thousand[198] - Net cash outflow from the acquisition of subsidiaries was RMB 72,499 thousand, compared to an inflow of RMB 188,751 thousand in the same period in 2023[198] - Net cash inflow from the disposal of subsidiaries was RMB 9,345 thousand, compared to an outflow of RMB 178,224 thousand in the same period in 2023[198] - Placement of pledged bank deposits amounted to RMB 737,772 thousand, while withdrawals were RMB 399,997 thousand[198] - Capital injection into joint ventures was RMB 103,537 thousand, and dividend received from joint ventures was RMB 3,300 thousand[198] - Interest received during the period was RMB 62,121 thousand, down from RMB 79,986 thousand in the same period in 2023[198] - Net cash flows from investing activities for the six months ended 30 June 2024 were RMB 284,326 thousand, compared to RMB 419,821 thousand in the same period in 2023[198] - Net cash used in financing activities was RMB 7,004,865 thousand for the six months ended 30 June 2024, compared to RMB 12,071,961 thousand in the same period of 2023[199] - Cash and cash equivalents decreased by RMB 707,955 thousand, ending at RMB 5,012,774 thousand as of 30 June 2024[199] - New bank and other borrowings raised amounted to RMB 736,177 thousand, a significant increase from RMB 18,000 thousand in the previous period[199] - Repayment of bank and other borrowings totaled RMB 7,345,370 thousand, compared to RMB 4,085,462 thousand in the prior period[199] - Advances from joint ventures increased to RMB 1,841,410 thousand, up from RMB 636,476 thousand in the previous period[199] - Repayment to joint ventures surged to RMB 6,231,146 thousand, compared to RMB 834,421 thousand in the prior period[199] - Advances from associates rose to RMB 5,139,042 thousand, a significant increase from RMB 212,505 thousand in the previous period[199] - Repayment to associates totaled RMB 3,570,265 thousand, compared to RMB 326,346 thousand in the prior period[199] - Interest paid amounted to RMB 1,920,453 thousand, slightly higher than RMB 1,734,949 thousand in the previous period[199] - Dividend paid to non-controlling interests was RMB 121,169 thousand, compared to none in the prior period[199] Market and Industry Trends - Cumulative trading volume of new housing in major cities dropped by 39% year-on-year in the first half of 2024[20] - Cumulative trading size of second-hand housing dropped by 8% year-on-year in the first half of 2024[20] - Core first-tier and second-tier cities are expected to stabilize in new housing transactions, with second-hand housing transaction shares continuing to expand[27] - The People's Bank of China established a RMB300 billion affordable housing refinancing loan with a 1.75% interest rate to support local SOEs in acquiring unsold commercial properties[24] - The down payment ratio for home purchases was lowered to 15%, and the mortgage interest rate floor was removed under the "517 New Deal"[24] Property Delivery and Sales - The Group delivered approximately 35,000 housing units year to date, ranking top 20 in the industry for units delivered[29] - Contracted sales for the first half of 2024 amounted to approximately RMB20.31 billion, a year-on-year decrease of 51.6% compared to RMB41.94 billion in the same period last year[36][37] - The Group's contracted sales in GFA for the first half of 2024 was approximately 1,657,300 sq.m., representing a decrease of 42.8% year-on-year[36][37] - Residential projects contributed 73.7% of the total contracted sales, while office/commercial projects accounted for 26.3%[38][39] - Contracted sales from first- and second-tier cities accounted for 87.5% of the total contracted sales, with first-tier cities contributing 9.5% and second-tier cities contributing 78.0%[38][42] - The Yangtze River Delta, Pan Bohai Rim, and Central Western Region each contributed approximately 29.7%, 29.0%, and 29.0% of the total contracted sales, respectively[38][41] - The Group ranked 22nd in China's real estate sales list for January-June 2024, according to CRIC Research[28] - The Group's domestic sales and cash collection remain crucial, with ongoing efforts to accelerate these processes[29] Ever Sunshine Services Performance - Ever Sunshine Services achieved a 5.9% revenue growth, reaching RMB3.37 billion in H1 2024, a record high[32] - Ever Sunshine Services' total contracted GFA reached 330 million sq.m., a 6.9

Financial Performance - For the six months ended June 30, 2024, total revenue was RMB 20,206,011 thousand, a decrease of 38.0% compared to RMB 31,318,914 thousand for the same period in 2023[2] - Gross profit for the same period was RMB 2,708,108 thousand, down 45.5% from RMB 4,963,562 thousand year-over-year[2] - The net loss for the six months ended June 30, 2024, was RMB 4,440,408 thousand, compared to a net loss of RMB 9,132,064 thousand in the prior year, indicating a 51.3% improvement[4] - The total comprehensive loss for the period was RMB 4,444,864 thousand, compared to RMB 9,151,957 thousand in the previous year, showing a significant reduction[4] - The company reported a basic loss per share of RMB 0.47 for the first half of 2024, an improvement from RMB 0.86 in the same period of 2023[4] - The reported revenue for the period was 20,206,011 thousand RMB, compared to 31,318,914 thousand RMB in the previous period, indicating a decline[20] - The reported loss before tax was (3,453,242) thousand RMB, an improvement from (6,811,034) thousand RMB in the prior period[21] - The net loss attributable to shareholders was (4,939,432) thousand RMB, compared to (8,972,013) thousand RMB in the same period last year[27] Assets and Liabilities - The company's total assets as of June 30, 2024, were RMB 202,125,392 thousand, down from RMB 217,818,220 thousand at the end of 2023[5] - The company's current liabilities, including bank loans due within one year, amounted to RMB 198,326,050,000, compared to RMB 208,520,782,000 in the previous year, indicating a reduction of about 4.9%[6] - The total equity attributable to shareholders decreased to RMB 57,191,002,000 from RMB 64,568,820,000, representing a decline of approximately 11.5%[6] - The company’s total liabilities, including non-current liabilities, were reported at RMB 27,269,748,000 as of June 30, 2024[6] - The company’s reserves decreased from RMB 19,373,671,000 to RMB 14,345,098,000, a decline of approximately 25.5%[6] - The company’s total current assets were RMB 28,723,215 thousand as of June 30, 2024, compared to RMB 35,653,422 thousand as of December 31, 2023, indicating a decrease of about 19.5%[30] - The company faced challenges due to tight cash flow and debt maturity pressures, leading to measures such as price reductions and asset sales to alleviate financial stress[36] Cash Flow and Financing - The company has outstanding debts including RMB 17,425,250,000 in overseas preferred notes and RMB 28,917,281,000 in bank loans, which constitute defaults or cross-defaults[8] - The company is actively engaging with financial institutions to restructure existing bank loans to improve liquidity[8] - The company has appointed a financial advisor to assist in restructuring financing arrangements and is in constructive discussions with creditor groups[8] - The company is implementing measures to alleviate liquidity issues and improve its financial condition[8] - The group is actively seeking financing and loans to repay existing financial obligations and fund future operations and capital expenditures[5] - The group has implemented strict cost reduction measures, including the reduction of non-core and non-essential business expenses[6] Market and Sales Performance - The group generated external reportable segment revenue of RMB 16,208,285,000 from property sales and related services, RMB 788,703,000 from property investment, and RMB 3,209,023,000 from property management and other services, totaling RMB 20,206,011,000 for the six months ended June 30, 2024[15] - The group achieved a contract sales amount of approximately RMB 20.31 billion for the first half of 2024, a decrease of 51.6% compared to RMB 41.94 billion in the same period last year[40] - The total contracted sales area was approximately 1,657,300 square meters, down 42.8% year-on-year[40] - The average selling price during the period was approximately RMB 12,257 per square meter[40] - The sales contribution from residential projects accounted for about 73.7% of total contracted sales, while office and commercial projects contributed 26.3%[41] - The overall sentiment in the real estate market remains cautious, with many investors and homebuyers adopting a wait-and-see approach as they await further market clarity[36] Property Development and Management - The group delivered approximately 35,000 property units from January to June 2024, ranking among the top twenty in the industry for delivery volume[39] - The revenue from property management and other services for the six months ending June 30, 2024, was approximately RMB 3,209,000,000, representing a year-on-year increase of 9.1% due to an increase in the number of managed properties[51] - The investment property-related rental and other service income for the same period was approximately RMB 788,700,000, an increase of 10.1% year-on-year[50] - As of June 30, 2024, the group had over 180 completed property projects with unsold or un-delivered total construction areas of approximately 10,300,000 square meters and attributable areas of about 5,600,000 square meters[48] - There are over 120 projects under development or held for future development, with total construction areas of approximately 24,000,000 square meters and attributable areas of about 14,100,000 square meters[49] Governance and Compliance - The board of directors has decided not to declare an interim dividend for the six months ending June 30, 2024[72] - The audit committee has reviewed the unaudited condensed consolidated interim financial statements and confirmed compliance with applicable accounting standards[76] - The board consists of eight directors, including executive and independent non-executive members[77]

Share Incentive Plan - CIFI Holdings reported no new shares issued under the share incentive plan for the year ended December 31, 2023, as existing shares were used for rewards[1] - Participants in the share incentive plan do not need to pay any amount upon acceptance of the reward shares[1] - The company maintains a commitment to transparency by providing additional details on the share incentive plan[1] Corporate Governance - The board of directors includes both executive and independent non-executive members, ensuring diverse governance[1] - The company continues to uphold its corporate governance standards through its board composition[1] Reporting and Communication - The announcement was made on August 21, 2024, indicating ongoing communication with stakeholders[1] - The annual report was published on April 30, 2024, covering the fiscal year ending December 31, 2023[1] - The supplementary information provided does not affect any other data disclosed in the 2023 annual report[1] - No financial performance metrics or user data were disclosed in this announcement[1] Company Structure - The company is registered in the Cayman Islands, reflecting its international operational structure[1]

Land Bank and Development Projects - CIFI's total land bank as of December 31, 2023, was approximately 36.3 million square meters, with an attributable GFA of 20.7 million square meters[5][7] - CIFI's property projects are located in core cities across 4 regions: Yangtze River Delta, Pan Bohai Rim, Central Western Region, and South China Region[7] - CIFI focuses on developing high-quality, end-user-driven properties in first- and second-tier cities in China[6] - CIFI's development projects include residential, office, and commercial complex properties[6] - Wenzhou Guanghui City project is under development with a total GFA of 554,100 sq.m. and a group interest of 49.0%[23] - Wenzhou CIFI City project is under development with a total GFA of 419,338 sq.m. and a group interest of 25.5%[23] - Xuzhou Jizwang Pengcheng Avenue Project is under development with a total GFA of 414,648 sq.m. and a group interest of 52.0%[23] - Lu'an CIFI Centre project is under development with a total GFA of 502,600 sq.m. and a group interest of 70.0%[23] - Huai'an CIFI Plaza project is under development with a total GFA of 429,016 sq.m. and a group interest of 100.0%[23] - Taiyuan Jiancaoping District, Sanji Area, SP1919-SP1924 project is under development with a total GFA of 1,221,029 sq.m. and a group interest of 35.0%[23] - Taiyuan Jiancaoping District, Sanji Area, SP1925-SP1928 project is under development with a total GFA of 1,298,971 sq.m. and a group interest of 35.0%[27] - Shijiazhuang Gongyuan Mansion project is under development with a total GFA of 462,220 sq.m. and a group interest of 50.0%[27] - Linyi Xinghui City project is under development with a total GFA of 431,970 sq.m. and a group interest of 45.0%[27] - Chengdu Tianfu Future Centre project is under development with a total GFA of 556,148 sq.m. and a group interest of 33.0%[27] - Ürümqi CIFI Plaza project is under development with a total GFA of 411,678 sq.m. and is expected to be completed between 2023-2026[30] - Ürümqi Xuefu Shangpin project has a total GFA of 507,744 sq.m. and is expected to be completed between 2022-2024, with the company holding a 51.0% interest[30] - Guiyang U Dang Future The One project is under development with a total GFA of 531,424 sq.m. and is expected to be completed between 2022-2025[30] - Zhengzhou Konggang Times project has a total GFA of 535,442 sq.m. and is expected to be completed between 2022-2025[30] - Kunming CIFI Plaza project is under development with a total GFA of 526,145 sq.m. and is expected to be completed between 2022-2024, with the company holding a 63.7% interest[30] - Changde International New City project has a total GFA of 530,062 sq.m. and is expected to be completed between 2022-2024[30] - The Group had over 180 completed properties projects with a total unsold or undelivered GFA of approximately 7.28 million sq.m. as of 31 December 2023[89] - The Group had over 150 property projects under development or held for future development with a total GFA of approximately 26.76 million sq.m. as of 31 December 2023[90] - The Yangtze River Delta region accounted for 29.3% of the Group's total land bank, with a total GFA of 10,618,653 sq.m.[122] - The Pan-Bohai Rim region represented 27.3% of the Group's total land bank, with a total GFA of 9,906,011 sq.m.[122] - The Central Western Region constituted 37.8% of the Group's total land bank, with a total GFA of 13,724,027 sq.m.[122] - Total land bank of the company is 36,285,874 sq.m., with South China accounting for 5.6% (2,037,183 sq.m.) of the total land bank[123] Financial Performance and Sales - Contracted sales for 2023 amounted to RMB70.0 billion, with a contracted gross floor area of 5,143,800 sq.m. and an average selling price of RMB13,609/sq.m.[38][47] - Recognized revenue for 2023 was RMB71,830 million, with a core net loss attributable to equity owners of RMB3,790 million[38] - The Group delivered approximately 118,000 property units in 2023, including joint ventures and associates[51] - Nationally, the Group ranked 19th in terms of contracted sales amount in 2023 according to CRIC Information Group[49] - CIFI achieved contracted sales of approximately RMB70.0 billion in 2023, with a gross floor area (GFA) of 5,143,800 sq.m. and an average selling price (ASP) of RMB13,609/sq.m.[70][71] - Contracted sales from the Yangtze River Delta, Pan Bohai Rim, Central Western Region, and South China Region contributed 31.6%, 29.2%, 28.5%, and 10.7% respectively to total sales in 2023[70][71] - First- and second-tier cities accounted for 89.2% of total contracted sales in 2023, while third-tier cities contributed 10.8%[70][71] - Residential projects contributed 85.1% of total contracted sales in 2023, with office and commercial projects making up the remaining 14.9%[70][71] - Contracted sales from first-tier cities were RMB8.03 billion (11.5% of total), second-tier cities RMB54.42 billion (77.7%), and third-tier cities RMB7.56 billion (10.8%)[78] - The Yangtze River Delta region had the highest ASP at RMB15,599/sq.m., followed by Pan Bohai Rim at RMB15,724/sq.m., Central Western Region at RMB10,714/sq.m., and South China Region at RMB13,291/sq.m.[75] - Revenue recognised from sales of properties in 2023 was approximately RMB63,233.5 million, up by 61.6% year-on-year, accounting for 88.0% of total recognised revenue[80][81] - The Group delivered approximately 4,427,220 sq.m. of properties in GFA in 2023, up by 49.0% year-on-year[80][81] - The Group's recognised ASP from sales of properties was approximately RMB14,283/sq.m. in 2023, representing an increase of 8.4% from RMB13,172/sq.m. in 2022[80][81] - Residential properties accounted for 94.4% of recognised revenue from sales of properties in 2023, with RMB59,663.7 million in revenue[84] - The Yangtze River Delta region contributed 42.7% of the total recognised revenue from sales of properties in 2023, with RMB27,004.3 million[85] - Second-tier cities accounted for 87.4% of the total recognised revenue from sales of properties in 2023, with RMB55,255.8 million[88] - The Group's recognised revenue in 2023 was approximately RMB71,832.6 million, a year-on-year increase of 51.4%[97][98] - Property sales and other property-related service income increased by 58.0% to approximately RMB64,171.4 million in 2023[97][98] - Leases increased by 36.8% in 2023 compared to 2022[97][98] - Property management and other services income increased by 8.8% in 2023[97][98] - The Group's gross profit in 2023 was approximately RMB11,232.7 million, up 69.7% from 2022[102] - The Group's total indebtedness decreased to RMB92.3 billion as of 31 December 2023, compared to RMB108.4 billion in 2022[107] - Income tax expenses increased by 414.1% to approximately RMB3,226.6 million in 2023[108] - The Group's selling and marketing expenses decreased by 14.8% to approximately RMB1,873.7 million in 2023[104] - Administrative expenses decreased by 41.8% to approximately RMB2,102.0 million in 2023[104] - The Group's share of results of joint ventures and associates amounted to a profit of RMB411.9 million in 2023, compared to a loss of RMB1,740.3 million in 2022[104] - The Group's loss before tax in 2023 was approximately RMB5,452.3 million, a decrease from RMB12,932.4 million in 2022[110] - The Group's net loss attributable to equity owners in 2023 was approximately RMB8,983.3 million, compared to RMB13,049.0 million in 2022[110] - The Group's core net loss attributable to equity owners in 2023 was approximately RMB3,932.8 million, down from RMB5,202.0 million in 2022[111] - The Group recorded interests in joint ventures and associates of RMB31,789.5 million as at 31 December 2023, up from RMB26,808.5 million in 2022[113] - The Group's properties under development for sale decreased to RMB96,603.3 million as at 31 December 2023 from RMB160,801.7 million in 2022, due to no new land acquisitions[117] - The company's cash and bank balances as of December 31, 2023, were approximately RMB13,753.9 million, a decrease from RMB20,553.4 million in 2022[128][129] - Total outstanding borrowings as of December 31, 2023, were approximately RMB92,281.1 million, down from RMB108,449.7 million in 2022[130][131] - 55.4% of the company's total debt as of December 31, 2023, was fixed-rate debt, with interest rates ranging from 2.4% to 9.7% per annum[132] - The company's weighted average cost of debt decreased to 4.8% as of December 31, 2023, from 4.9% in 2022[134][135] - Foreign currency-denominated borrowings accounted for 51% of the company's total borrowings, with RMB17,552.2 million in bank and other borrowings and RMB27,618.2 million in senior notes[131][138] - The company provided mortgage guarantees amounting to approximately RMB19,824.1 million as of December 31, 2023, down from RMB26,886.8 million in 2022[141][142] - The Group's aggregate share of guarantees for loans incurred by joint ventures and associate companies amounted to approximately RMB9,843.2 million as of 31 December 2023, down from approximately RMB10,848.7 million in 2022[143] - The Group's net debt-to-equity ratio increased to 121.6% as of 31 December 2023, compared to 102.0% in 2022[144][145] - The Group's debt-to-asset ratio rose to 30.6% as of 31 December 2023, up from 28.1% in 2022[144][145] - The Group's current ratio decreased to 1.0 times as of 31 December 2023, down from 1.2 times in 2022[144][145] Corporate Governance and Leadership - The company ranked 13th on the Shanghai Top 100 Private Enterprises List and 48th on the Shanghai Top 100 Enterprises List[32] - The company was awarded "Model Project in 2023" in China Philanthropy List for its Donation for Education Project for Jian'ou No.1 Middle School[32] - The company received a BBB rating in the MSCI ESG Rating[32] - The company was awarded "Quality Delivery Enterprise" in 2022-2023 by China Online Real Estate[32] - Mr. Lin Zhong, the founder and Chairman, has 33 years of experience in the real estate industry and holds multiple leadership roles in the Group and its subsidiaries[150][151] - Mr. Lin Wei, the Vice-chairman, has 28 years of experience in the real estate industry and is a key figure in the Group's development[152][153] - Mr. Ru Hailin, the CEO, joined the Group in 2011 and has extensive administrative experience in the real estate industry, holding multiple academic and professional qualifications[154] - Mr. RU Hailin was appointed as the Chief Executive Officer of the Company on 30 November 2023, bringing extensive experience in real estate business management[155] - Mr. YANG Xin has served as the Chief Financial Officer of the Group since 30 March 2019, with a strong background in banking and finance[156][157] - Mr. GE Ming, appointed as Director on 30 November 2023, oversees human resources, digital technology, and administration, with over a decade of experience in the Group[158][159] - Mr. ZHANG Yongyue, an independent non-executive Director since 2012, is a tenured professor and Dean of Shanghai E-house China R&D Institute[161][162] - Mr. TAN Wee Seng, an independent non-executive Director since 2012, has over 40 years of experience in financial management and corporate strategy[163][164] - Ms. LIN Caiyi, aged 58, is the independent non-executive Director with over 34 years of experience in macroeconomics analysis and industry research[165][166] - Mr. ZHU Gaoming, aged 59, is the Vice President and President of Overseas Business, joining the Group in October 2022 with extensive experience in banking and finance[168][169] - Mr. LI Yang, aged 45, is the Assistant President and General Manager of Operation Center, joining the Group in October 2012 with a background in regional management and building engineering[168][170] - Mr. YU Nengjiang, aged 38, is the General Manager of Sales Center, joining the Group in June 2012 with experience in regional sales and marketing[168][171] - Mr. LI Su, aged 42, is the Assistant President and General Manager of Audit and Supervision Department, joining the Group in August 2019 with a strong background in risk management and compliance[172][173] - Mr. LIANG Xuming, aged 49, is the General Manager of Capital Markets and Investor Relations, joining the Group in June 2013 with extensive experience in investor relations and investment banking[174] - The Board of Directors consists of eight members, including five executive Directors and three independent non-executive Directors, ensuring compliance with the Listing Rules regarding the appointment of independent non-executive Directors[185][187] - The Board has delegated authority to the management, consisting of executive Directors and senior executives, to implement strategies and handle day-to-day operations, with regular reviews to ensure alignment with the Group's needs[192] - The Company has adopted the Standard Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix C3 of the Listing Rules, and all Directors confirmed compliance with the Code during the year ended 31 December 2023[194] - The Group adheres to its corporate mission of "building for a better life" through four core pillars: "quality life", "green life", "wonderful life", and "harmonious life", supported by "sustainable development" and "compliance management"[181][183] - The Board oversees major matters of the Group, including policy formulation, overall strategies, internal control, and risk management systems, ensuring decisions are made objectively in the interests of the Group[189][190] - The company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as its code of conduct for securities dealings, with all directors confirming compliance for the year ended 31 December 2023[195] - The directors acknowledge their responsibilities for preparing and timely publishing the Group's financial statements in accordance with statutory requirements and applicable accounting standards[196] - A material uncertainty exists regarding the Group's ability to continue as a going concern, as indicated in the Independent Auditor's Report and consolidated financial statements[197] - The Board has reviewed cash flow projections covering at least 12 months from 31 December 2023 and believes the Group has sufficient working capital to meet financial obligations[199] - Independent non-executive directors play a crucial role in providing unbiased opinions on the company's strategy, performance, and monitoring[200] Market and Industry Challenges - The area of newly commenced real estate projects in China in 2023 was 954 million sq.m., a year-on-year decrease of 20.4%, with residential projects at 693 million sq.m., down 20.9%[40] - The Group's financial position and business operations rely heavily on domestic sales and cash collection, with ongoing efforts to accelerate these processes[51] - Policy support in 2023 included increased provident fund loan ratios, relaxed purchase restrictions, and lower down payment requirements, particularly in first- and second-tier cities[43] - The real estate industry faced challenges in 2023, including weak sales, liquidity risks, and a decline in new project commencements, with prices in some cities returning to 2017 levels[40] - Financing conditions for real estate enterprises remained challenging in 2023, with limited recovery in financing capabilities due to weak market confidence and credit risks[45] Sustainability and Corporate Social Responsibility - CIFI's green office advocacy campaign in 2023, themed "Green Office for a Better Carbon Future," was launched in four phases: Energy Conservation and Environmental Protection, Recycle and Reuse, Low-carbon Travel, and Resource Co-creation[65] - The company's green building projects, including a gymnasium and swimming complex for Jian'ou No. 1 and No. 2 Middle Schools, were certified as national two-star green buildings and recognized as a "2023 Outstanding Corporate Social Responsibility Project"[65]

Financial Performance - The group delivered approximately 118,000 property units, resulting in a revenue of RMB 71.83 billion, an increase of 51.4% year-on-year[2]. - The net loss attributable to shareholders decreased by approximately RMB 4.07 billion, while the core net loss attributable to shareholders decreased by approximately RMB 1.27 billion[2]. - Revenue from investment property leasing and related services was approximately RMB 1.59 billion, up 28.4% year-on-year[2]. - The company reported a pre-tax loss of RMB 5.45 billion, significantly improved from a loss of RMB 12.93 billion in the previous year[4]. - Basic and diluted loss per share improved to RMB 0.86 from RMB 1.42 year-on-year[6]. - The reported revenue from external customers for the year ended December 31, 2023, was RMB 71,832,556, an increase from RMB 47,440,141 in 2022, representing a growth of approximately 51.4%[18]. - The segment profit for property sales and related services was RMB 651,544 for 2023, compared to RMB 126,682 in 2022, indicating a significant improvement in profitability[21]. - The total annual loss for 2023 was approximately RMB 8,678,900,000, down from RMB 13,560,000,000 in 2022, reflecting an improvement in financial performance[69]. - The group's equity attributable to shareholders showed a core net loss of approximately RMB 3,932,800,000 in 2023, compared to RMB 5,202,000,000 in 2022, indicating a narrowing of core losses[69]. Debt and Liquidity - Total outstanding borrowings decreased by approximately RMB 16.17 billion to RMB 92.28 billion[2]. - The company’s cash and cash equivalents decreased to RMB 12.75 billion from RMB 20.11 billion year-on-year[7]. - Current liabilities decreased from RMB 258,658,122,000 in 2022 to RMB 208,520,782,000 in 2023, a reduction of approximately 19.4%[8]. - The company's total assets minus current liabilities decreased from RMB 127,474,725,000 in 2022 to RMB 92,560,110,000 in 2023, a decline of approximately 27.4%[8]. - The company's equity attributable to shareholders decreased from RMB 29,414,366,000 in 2022 to RMB 20,229,281,000 in 2023, a drop of approximately 31.2%[8]. - The company has engaged a financial advisor to assist in restructuring financing arrangements to address liquidity issues[10]. - The company is actively negotiating with multiple financial institutions for the extension and renewal of existing bank loans to improve liquidity[10]. - The company is in discussions with financial institutions to secure project development loans for eligible projects to continue operations in China[10]. - The group will continue to seek alternative financing and loans to fulfill its financial obligations and fund future operating and capital expenditures[11]. - The group’s cash and bank balances as of December 31, 2023, were approximately RMB 13,753,900,000, down from RMB 20,553,400,000 in 2022, highlighting a decrease in liquidity[75]. - The total outstanding borrowings as of December 31, 2023, were approximately RMB 92,281,100,000, a reduction from RMB 108,449,700,000 in 2022, indicating a decrease in debt levels[76]. Asset Management - Non-current assets, including investment properties, totaled RMB 83.26 billion, compared to RMB 78.51 billion in the previous year[7]. - The fair value loss on investment properties was RMB 133.67 million, a significant improvement from RMB 1.26 billion in the previous year[4]. - The company recorded a loss of RMB 8.71 billion from properties held for sale and properties under development in 2023, compared to RMB 4.29 billion in 2022[60]. - The group had no new land acquisitions in 2023, with the total value of properties intended for sale amounting to RMB 96,603,300,000, down from RMB 160,801,700,000 in 2022, indicating a reduction in development projects[72]. - The group’s deferred tax assets were approximately RMB 2,231,200,000 as of December 31, 2023, a slight decrease from RMB 2,343,200,000 in 2022, suggesting stability in tax asset management[73]. Operational Highlights - The group achieved a contract sales amount of approximately RMB 70 billion in 2023[42]. - The total contracted sales area was about 5,143,800 square meters, with an average selling price of RMB 13,609 per square meter[42]. - Residential projects contributed approximately 85.1% of the total contract sales amount, while office and commercial projects accounted for 14.9%[42]. - The group sold 16 contiguous land parcels in Sydney, Australia, for AUD 66.3 million (approximately HKD 338.79 million) on February 14, 2024[38]. - The company’s operations are primarily based in China, with no significant revenue or non-current assets reported outside of this region[22]. Cost Management - Strict cost-saving measures have been implemented, including reducing non-core operational expenses[11]. - The group's cost of sales for 2023 was approximately RMB 60.60 billion, up 48.5% from 2022[59]. - Gross profit for 2023 was approximately RMB 11.23 billion, representing a 69.7% increase compared to RMB 6.62 billion in 2022[59]. - The company’s total employee costs (excluding retirement benefits) were RMB 3,968,437,000 in 2023, down from RMB 5,075,099,000 in 2022[28]. Regulatory and Governance - The audit committee reviewed the annual performance and confirmed compliance with applicable accounting standards and regulations[88]. - The board of directors consists of eight members, responsible for overall management and supervision of the group's operations[89]. - The annual performance announcement will be published on the Hong Kong Stock Exchange and the company's website[90]. - The 2023 annual report will be sent to shareholders and made available for review on the aforementioned websites[90].

智通财经APP讯，旭辉控股集团(00884)发布公告，根据于2024年到期5.55亿美元6.55%优先票据(2024年 三月票据，股份代号：05925，国际证券识别码/普通编号：XS1969792800/196979280)的条款，2024年 三月票据的全数尚未偿还本金额连同累计及未支付的利息将于到期日2024年3月28日到期及应予支付。 诚如2022年公告所述，公司正就其境外债务寻求整体解决方案，并且已经暂停集团若干境外融资安排包 括在联交所上市的债务证券的偿付。因此，2024年三月票据预期将不会于到期日偿付。无法于到期时偿 付该本金将构成2024年三月票据及其他于联交所上市的本公司债务证券的违约事件。 另作通知，鉴于2024年三月票据将于2024年3月28日到期，2024年三月票据将于2024年3月28日于联交所 除牌。其于联交所除牌后，如需2024三月票据的更多资讯的票据持有人可于香港湾仔轩尼诗道28号太古 广场五座22楼联系公司，或于香港中环港景街1号国际金融中心一期28楼或Project.CIFI@htisec.com联系 公司的财务顾问海通国际证券有限公司。 应公司要求，公司的普通股股份已于202 ...