天业节水(00840)控股股东天业集团拟与第八师国资委成立新疆天泽水利投资发展有限公司 重大事项： 和黄医药(00013)与信达生物(01801)宣布：呋喹替尼联合信迪利单抗用于治疗晚期肾细胞癌的中国新药 上市申请获受理 恒瑞医药(01276)及子公司就注射用SHR-A1811、阿得贝利单抗注射液、苹果酸法米替尼胶囊获药物临 床试验批准通知书 山东新华制药股份(00719)：取得注射用硫酸艾沙康唑药品注册证书 山东新华制药股份(00719)取得二十碳五烯酸乙酯软胶囊药品注册证书 石药集团(01093)：腺苷钴胺胶囊获药品注册批件 佑驾创新(02431)与长安汽车达成合作 获得旗下新能源自主品牌的主力车型定点 康方生物(09926)：国家药监局批准开坦尼®(卡度尼利，PD-1/CTLA-4)用于一线治疗宫颈癌的新适应症 上市申请 中国生物制药(01177)：贝莫苏拜单抗联合或不联合安罗替尼巩固治疗放化疗后未进展的非小细胞肺癌 III期研究数据在2025年ASCO年会公布 百奥赛图-B(02315)RenMab技术平台再获日本专利授权 持续深化RenMice全人抗体/TCR平台全球专利布 局 恒瑞医药(01276 ...

52周新高排行 智通财经APP获悉，截止5月23日收盘，有72只股票创52周新高，其中品创控股(08066)、大唐黄金 (08299)、富智康集团(02981)创高率位于前3位，分别为22.60%、18.06%、12.81%。 | 国际资源(01051) | 8.690 | 8.750 | 1.51% | | --- | --- | --- | --- | | 比亚迪股份－Ｒ(81211) | 426.400 | 439.000 | 1.48% | | 康宁杰瑞制药－Ｂ | 8.900 | 9.350 | 1.41% | | (09966) | | | | | 五谷磨房(01837) | 0.740 | 0.740 | 1.37% | | 广南（集团）(01203) | 0.750 | 0.760 | 1.33% | | 比亚迪股份(01211) | 465.200 | 477.800 | 1.31% | | 四川成渝高速公路 | 4.730 | 4.750 | 1.06% | | (00107) | | | | | 浙商银行(02016) | 2.840 | 2.890 | 1.05% | | 亚盛医药－Ｂ ...

Financial Performance - Total revenue for 2024 was RMB 5,906.4 million, a decrease of 19.0% compared to RMB 7,294.5 million in 2023[17]. - The company reported a core net loss attributable to shareholders of RMB 2,946.8 million, an increase of 71.7% from RMB 1,716.7 million in 2023[17]. - Contracted sales amount for 2024 was RMB 2,077.2 million, down 45.2% from RMB 3,787.4 million in 2023[18]. - The average contracted sales price per square meter decreased by 13.1% to RMB 15,646.2 from RMB 17,995.0 in 2023[18]. - The gross loss margin for 2024 was (4.3%), a significant decline from a gross profit margin of 6.4% in 2023[19]. - The net loss for the year 2024 was RMB 3,245.1 million, with the loss attributable to equity holders of the company amounting to RMB 3,003.8 million[78]. - Revenue from property sales is RMB 4,976.4 million, a decline of 20.6% from RMB 6,265.8 million in 2023, primarily due to a decrease in property delivery area[44]. - The rental income was RMB 133.3 million, accounting for 2.2% of total revenue, which is a decline of 21.8% from RMB 170.4 million in the previous year[61]. - The property management services generated revenue of RMB 775.0 million, which is 13.1% of total revenue, showing a slight decrease of 2.3% from RMB 793.7 million in the previous year[61]. Debt and Liquidity - The net debt to equity ratio surged to 2,281% in 2024, compared to 386% in 2023, indicating increased financial leverage[19]. - The net debt-to-capital ratio as of December 31, 2024, was 2,281%, significantly higher than 386% as of December 31, 2023[86]. - The company has ongoing and planned projects with a total building area of 894,261 square meters, of which 546,514 square meters are post-equity[40]. - The total outstanding borrowings decreased from RMB 16,876.1 million as of December 31, 2023, to RMB 15,942.3 million as of December 31, 2024, representing a reduction of 5.5%[81]. - The company is actively taking steps to mitigate current liquidity issues, including the possibility of deferring or restructuring repayment schedules[176]. - The company is negotiating with lenders to extend the repayment schedule for certain borrowings[178]. - The company is seeking new financing from other financial institutions to address liquidity issues[180]. Operational Strategy - The company operates 112 projects across 24 cities in China as of the end of 2024[10]. - The company aims to enhance operational capabilities and asset value while focusing on core cities and urban areas[22]. - Future strategies include improving product quality and operational precision to achieve high-quality development[22]. - The company aims to enhance asset management capabilities and improve liquidity through various marketing strategies and value-added services[34]. - The company is actively exploring new operational strategies to reduce debt and leverage, while enhancing product quality and core competitiveness[33]. - The company is closely monitoring the collection of unrecognized sales revenue and ensuring timely mortgage loan disbursements to customers[177]. Corporate Governance - The board emphasizes the importance of high standards in corporate governance to protect shareholder interests and enhance corporate value[108]. - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules, ensuring compliance with principles and code provisions[108]. - The company deviated from the corporate governance code by having the same individual serve as both chairman and CEO, which is against the code's recommendation[109]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring strong independence[109]. - The company aims to provide satisfactory and sustainable returns to shareholders while maintaining high ethical business standards[110]. - The company will continue to review and enhance its corporate governance practices to ensure compliance with the corporate governance code[109]. Employee and Diversity - The company employed 2,661 full-time employees as of December 31, 2024, down from 2,990 employees a year earlier[58]. - The total number of employees as of December 31, 2024, is 2,661, with male employees accounting for 53.4% and female employees accounting for 46.6%[129]. - The board consists of five male and two female members, indicating a significant improvement in gender diversity[127]. - The company has adopted a board diversity policy since March 18, 2014, which was revised on December 19, 2018, to ensure a diverse governance structure[126]. Market Outlook - The global economic growth forecast for 2024 is 3.2%, with emerging markets, particularly in Asia, expected to grow at 4.2%[41]. - The overall real estate market is expected to show weak balance and differentiation in 2025, with core city prices likely to remain stable or slightly increase, while third and fourth-tier cities may face adjustment pressure[96]. - The new housing market sales and investment scale may continue to decline, but the rate of decline is expected to narrow; the second-hand housing market is projected to maintain a certain level of activity[96]. Shareholder Communication - The company has implemented a shareholder communication policy to enhance investor relations and ensure timely disclosure of information[186]. - The company is committed to maintaining effective communication channels with shareholders to gather their opinions and feedback[187]. - The company will issue appropriate announcements regarding any significant developments in accordance with listing rules and securities regulations[180].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容所產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 JINGRUI HOLDINGS LIMITED 景瑞控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：01862） 年度業績公告 截至2024年12月31日止年度 年度業績摘要 景瑞控股有限公司（「景瑞」或「本公司」）董事（「董事」）會（「董事會」）欣然公告本公司及其附屬公司（「本 集團」或「我們」）截至2024年12月31日止年度（「年內」）的經審核合併業績連同截至2023年12月31日止 年度的比較數字如下： 1 • 截至2024年12月31日止年度的合約銷售額約為人民幣2,077.2百萬元，較上年降低45.2%。 • 截至2024年12月31日止年度的收入為人民幣5,906.4百萬元，較去年下降約19.0%。毛虧為人 民幣252.5百萬元，毛虧率為4.3%。 • 截至2024年12月31日止年度本集團錄得年內淨虧損人民幣3,245.1百萬元。 • 於2024年12月31日的總資產為人 ...

Revenue and Sales Performance - Revenue for the six months ended June 30, 2024, was RMB 2,466.3 million, a decrease of 4.1% compared to RMB 2,570.6 million in the same period of 2023[7]. - Contracted sales value dropped to RMB 916.1 million, a decline of 62.8% from RMB 2,462.0 million in the same period of 2023[9]. - In the first half of 2024, Jingrui achieved a total contracted sales value of approximately RMB 916 million, representing a decrease of 62.8% compared to RMB 2.462 billion in the same period last year[23]. - For the six months ended June 30, 2024, the total contracted sales amount was approximately RMB 916 million, a decrease of 62.8% compared to RMB 2.462 billion in the same period last year[26]. - The contracted sales area fell to 57,130 square meters, down 57.9% from 135,565 square meters in the previous year[9]. - The average contracted selling price decreased by 11.7% to RMB 16,034 per square meter, down from RMB 18,161 per square meter[9]. - The total contracted sales area was approximately 57,130 square meters, with an average contracted sales price of RMB 16,034 per square meter[26]. - The contracted sales were primarily generated from Jiangsu Province (RMB 510.7 million, 55.7% of total sales) and municipalities directly under the Central Government (RMB 226.5 million, 24.7% of total sales) excluding car parks[46]. Profitability and Financial Performance - Gross profit increased significantly to RMB 140.2 million, representing a gross profit margin of 5.7%, up from 1.6% in the previous year[7][10]. - Core net loss attributable to equity holders was RMB 1,418.4 million, compared to RMB 1,363.9 million in the same period of 2023, reflecting an increase of 4.0%[7]. - The loss for the period was RMB 1,571.9 million for the six months ended June 30, 2024, compared to a loss of RMB 1,353.9 million in the corresponding period in 2023[94]. - The operating loss for the six months ended June 30, 2024, was RMB 1,157,186, compared to a loss of RMB 490,335 in the prior year, reflecting increased operational challenges[185]. - Total comprehensive loss for the period, net of tax, was RMB 1,594,446, compared to RMB 1,351,587 in the previous year, highlighting a significant increase in overall losses[186]. - The loss per share attributable to equity holders of the Company was RMB (0.96) for the six months ended June 30, 2024, compared to RMB (0.89) in the previous year[185]. Debt and Liquidity - The net debt-to-capital ratio increased to 677% as of June 30, 2024, compared to 386% at the end of 2023[10][12]. - The bondholders of RMB-denominated bonds due 2026 agreed to a gradual repayment plan starting from July 31, 2027, amid the company's liquidity challenges[25]. - As of June 30, 2024, the Group's borrowings amounted to RMB 16,937,916,000, with senior notes of RMB 9,754,293,000 overdue[194]. - The Group's cash at bank and on hand was only RMB 405,717,000, indicating significant liquidity concerns[181]. - The Group may face challenges in realizing cash from property sales and obtaining external financing due to a slowdown in the property market[194]. - The Group is actively negotiating with banks for the replacement and deferred repayment of certain borrowings[196]. - The Group has sufficient financial resources to support repayments of relevant loans under original repayment schedules, with ongoing discussions indicating lenders will not request immediate repayment[195]. Market Conditions and Strategic Focus - The company anticipates challenges in the second half of 2024 but remains focused on strategic adjustments to improve performance[14]. - The company is committed to enhancing its product offerings and exploring new market opportunities to drive future growth[14]. - The central government in 2024 aims to stabilize the real estate market and promote urban renewal, addressing risks prudently while supporting housing needs[19]. - The recovery of real estate sales data in the first half of 2024 was not as expected, indicating continued pressure on the operations of real estate enterprises[45]. - The Group's sales performance highlights the ongoing challenges in the real estate market, with significant year-on-year declines in both sales area and sales value[41]. Operational Adjustments and Cost Management - The company has focused on revitalizing inefficient and non-core assets to reduce debt and leverage, while enhancing product quality and core competitiveness[30][32]. - Employee costs for the six months ended June 30, 2024, amounted to RMB 128.1 million, down from RMB 184.1 million in the same period last year[67]. - Selling and marketing costs decreased by 22.9% to RMB 148.6 million for the six months ended June 30, 2024, down from RMB 192.8 million in the corresponding period last year[89]. - Administrative expenses increased by 30.7% to RMB 314.4 million for the six months ended June 30, 2024, compared to RMB 240.6 million in the same period of 2023[89]. - The company continues to focus on quality development and customer needs, aiming to enhance service offerings across various property types[64]. Corporate Governance and Shareholder Information - The Board has resolved not to declare any interim dividend for the six months ended 30 June 2024, consistent with the previous year[130]. - The Company has deviated from code provision C.2.1 of the Corporate Governance Code, as the roles of chairman and chief executive officer are held by the same individual, Mr. Yan Hao, since 30 March 2023[130]. - The Company has not appointed a new independent non-executive director at the AGMs held on 27 June 2023 and 18 June 2024, deviating from code provision B.2.4(b) of the Corporate Governance Code[132]. - The total number of shares issued as of June 30, 2024, is 1,538,813,213[175]. - Mr. Yan Hao holds 649,276,613 shares, representing 42.20% of the total shareholding[166]. Future Outlook and Strategic Plans - The company continues to focus on real estate development, property services, and asset management to navigate the current challenging market environment[37][40]. - The company plans to accelerate pre-sales and sales of properties under development and completed properties, responding to recent policy relaxations that stimulate demand[195]. - The company is monitoring its foreign currency exposure as it expands operations, although it currently does not have a foreign currency hedging policy[121].

Financial Performance - For the six months ended June 30, 2024, the group's contract sales amounted to approximately RMB 916.1 million, a decrease of about 62.8% compared to the same period last year[1]. - The group's revenue for the same period reached RMB 2,466.3 million, a decrease of approximately 4.1% year-on-year, with a gross profit of RMB 140.2 million and a gross margin of 5.7%[1]. - The net loss for the six months ended June 30, 2024, was RMB 1,571.9 million, compared to a net loss of RMB 1,353.9 million in the same period last year[2]. - Operating loss for the period was RMB 1,157.2 million, significantly higher than the operating loss of RMB 490.3 million in the same period last year[2]. - The basic loss per share attributable to equity holders of the company was RMB 0.96, compared to RMB 0.89 in the previous year[2]. - For the six months ended June 30, 2024, total segment revenue was RMB 2,501,391,000, a decrease from RMB 2,625,239,000 for the same period in 2023, representing a decline of approximately 4.7%[16][17]. - The company reported a total loss of RMB 1,571,946,000 for the six months ended June 30, 2024, compared to a loss of RMB 1,353,898,000 for the same period in 2023, representing a decline of approximately 16.2%[16][17]. - The company reported a loss attributable to equity holders of RMB 1,483,247 thousand, compared to a loss of RMB 1,363,865 thousand for the same period in 2023, representing an increase in loss of approximately 8.8%[36]. Assets and Liabilities - As of June 30, 2024, the total assets of the group were RMB 36,128.2 million, a decrease of 8.6% from December 31, 2023[1]. - Total liabilities as of June 30, 2024, amounted to RMB 33,687.3 million, with total equity of RMB 2,440.9 million[6]. - As of June 30, 2024, the group's borrowings amounted to RMB 16,937,916,000, with RMB 9,754,293,000 of the senior notes overdue[9]. - The net debt-to-capital ratio was approximately 677% as of June 30, 2024, with total bank deposits and cash on hand amounting to RMB 405.7 million[1]. - The segment liabilities totaled RMB 73,137,181,000 as of June 30, 2024, down from RMB 75,021,873,000 at the end of 2023, indicating a reduction of about 2.5%[16][18]. Cash Flow and Financing - The company's cash and cash equivalents, including restricted cash, were only RMB 405,717,000 as of June 30, 2024[9]. - The company’s financing costs totaled RMB 534.2 million for the six months ended June 30, 2024, a decrease of 47.9% from RMB 1,024.5 million in the same period of 2023[69]. - The company’s cash flow needs are primarily met through cash reserves, proceeds from property sales, and new loans[64]. - The company is actively negotiating with lenders to restructure and extend repayment schedules for certain borrowings[10]. - The company has implemented several plans and measures to improve its liquidity and financial condition, which are detailed in the interim financial information note 2[86]. Revenue Breakdown - Property sales revenue for the six months ended June 30, 2024, was RMB 2,001,831,000, compared to RMB 2,066,674,000 in 2023[15]. - Property sales accounted for 81.2% of total revenue, amounting to RMB 2,001.8 million, down 3.1% from RMB 2,066.7 million in the previous year due to a decrease in the area delivered[51]. - Property management revenue was approximately RMB 392.0 million, remaining stable compared to RMB 391.7 million in the previous year, representing 15.9% of total revenue[51]. - Rental income decreased by 28.0% to RMB 60.5 million from RMB 84.1 million in the previous year, primarily due to the sale of investment properties[52]. Market Conditions and Strategy - The overall real estate market in China showed a decline, with a 19.5% year-on-year decrease in the sales area of commercial housing and a 15.8% decrease in sales value for the first half of 2024[39]. - The central government's focus for real estate policy in 2024 includes stabilizing the market and promoting urban renewal, aiming to address the ongoing downward pressure in the industry[40]. - The company is facing significant operational pressure due to the slower-than-expected recovery in real estate sales data for the first half of 2024[41]. - The company plans to enhance its business model by transitioning from a developer to a service provider, focusing on diversified development areas such as urban renewal and long-term rental apartments[41]. Employee and Operational Metrics - Employee costs for the first half of 2024 were RMB 128.1 million, down from RMB 184.1 million in the same period last year[48]. - The company employed 2,801 full-time employees as of June 30, 2024, a decrease from 2,990 employees at the end of 2023[48]. - The rental rate for apartment projects was 93.8% and for office projects was 76.0% as of June 30, 2024[46]. Dividends and Shareholder Information - The board of directors resolved not to declare any interim dividend for the six months ended June 30, 2024[1]. - The company did not declare any interim dividends for the six months ended June 30, 2024, consistent with the previous year[38]. - The company has applied for the resumption of trading of its shares on the stock exchange starting from November 5, 2024[90].

2023 年報 ANNUAL REPORT * 僅供識別 ︱ For identification purpose only 目錄 | 公司簡介 | 2 | | --- | --- | | 公司資料 | 4 | | 財務摘要 | 5 | | 主席致辭 | 6 | | 主要物業明細 | 11 | | 管理層討論與分析 | 15 | | 董事及高級管理層 | 29 | | 企業管治報告 | 32 | | 董事會報告 | 50 | | 獨立核數師報告 | 66 | 合併財務報表 ‧ 合併資產負債表 73 ‧ 合併利潤表 75 ‧ 合併全面收益表 76 ‧ 合併權益變動表 77 ‧ 合併現金流量表 79 ‧ 合併財務報表附註 81 五年財務資料 198 目錄 景瑞控股有限公司 1 公司簡介 景瑞控股有限公司（股票代碼： * 01862.H K）（「景瑞」或「本公司」），是中國領先的住宅物 業開發商、資產管理運營商及專業服務提供商，業務涵蓋房地產開發、城市更新、資 產管理、商業運營及物業管理等領域。本公司1993年創立於上海，以「用心建築精彩 生活」為使命，歷經多年的發展和積澱，2013年10月於香港聯合交易所有限公司 ...

Financial Performance - For the year ended December 31, 2023, the contracted sales amounted to approximately RMB 3,787.4 million, a decrease of 46.5% compared to the previous year[4]. - Revenue for the year was RMB 7,294.5 million, representing a decline of approximately 7.8% year-on-year, with a gross profit of RMB 464.3 million and a gross margin of 6.4%[4]. - The company recorded a net loss of RMB 1,841.3 million for the year[4]. - Basic and diluted loss per share for the year was RMB 1.12, compared to RMB 2.78 in the previous year[7]. - The group recorded a loss of approximately RMB 1,841,331,000 for the year ended December 31, 2023, with total borrowings amounting to RMB 16,876,122,000, of which RMB 12,304,443,000 is due within the next twelve months[20]. - The net loss attributable to equity holders for the year was RMB 1,721.2 million, an improvement from a loss of RMB 4,269.8 million in 2022[72]. - The group reported a loss before tax of RMB 1,715,512 for the year, compared to a loss of RMB 4,091,441 in the previous year, indicating an improvement[36]. Assets and Liabilities - As of December 31, 2023, total assets were RMB 39,507.6 million, with a net debt-to-capital ratio of approximately 386%[4]. - The total cash and bank deposits, including restricted cash, amounted to RMB 626.3 million as of December 31, 2023[4]. - The total outstanding borrowings decreased from RMB 18,412.7 million at the end of 2022 to RMB 16,876.1 million at the end of 2023[111]. - The net debt-to-equity ratio was approximately 386% as of December 31, 2023, indicating significant leverage[74]. - The total amount of other receivables decreased from RMB 6,726,171,000 in 2022 to RMB 6,380,895,000 in 2023, a reduction of about 5.1%[57]. - The total trade and other payables as of December 31, 2023, were RMB 8,233,763 thousand, down 9.5% from RMB 9,093,677 thousand in 2022[65]. Cash Flow and Financing - The group has not paid the principal and interest on several priority notes, resulting in overdue borrowings of RMB 9,693,935,000[23]. - The group is actively communicating with lenders to ensure repayment according to the original schedule, despite the absence of immediate repayment requests[24]. - The group plans to accelerate the pre-sale and sale of properties to improve cash flow and has identified potential buyers for certain held properties to supplement operating funds[24]. - The group aims to maintain sufficient funds to meet its financial obligations over the next 12 months, despite uncertainties in the real estate market and financing support[25]. - The group will continue to seek refinancing opportunities, including the exchange of existing priority notes or other borrowings[28]. - The net financing costs decreased to RMB 898.5 million from RMB 1,830.1 million year-on-year[5]. Revenue Sources - The property development platform generated revenue of RMB 6,338,614, while the real estate platform and other platforms contributed RMB 212,389 and RMB 824,585, respectively[36]. - Revenue from property sales amounted to RMB 6,265.8 million, representing 85.9% of total revenue, and decreased by 8.0% compared to RMB 6,807.9 million in the previous year[92]. - The rental income decreased by 27.6% to RMB 170.4 million from RMB 235.3 million in the previous year[92]. - The property management services revenue increased by 1.7% to RMB 793.7 million, up from RMB 780.1 million in the previous year, accounting for 10.9% of total revenue[92]. Operational Efficiency - The company reported a significant reduction in administrative expenses, down to RMB 310.8 million from RMB 922.5 million in the previous year[5]. - The total expenses for sales costs, marketing costs, and administrative expenses decreased from RMB 9,275,706,000 in 2022 to RMB 7,461,977,000 in 2023, representing a reduction of approximately 19.5%[43]. - The cost of properties sold decreased from RMB 6,945,936,000 in 2022 to RMB 6,120,384,000 in 2023, a decline of about 11.9%[43]. - Employee costs for the year amounted to RMB 226.3 million, significantly lower than RMB 436.5 million in the previous year[90]. Corporate Governance - The board of directors did not recommend the payment of a final dividend for the year ended December 31, 2023[4]. - The company has adopted the corporate governance code as per the listing rules and has been compliant with most principles, although it deviated from certain provisions[133]. - The chairman and CEO roles are held by the same individual, which deviates from the corporate governance code[134]. - The company is currently seeking suitable candidates to comply with the corporate governance code regarding independent non-executive directors[138]. Market Conditions - The global economic growth rate is projected to decline from 2.7% in 2023 to 2.4% in 2024, impacting market conditions[67]. - The company’s strategic product positioning is expected to expand its potential customer base due to rapid economic growth and urbanization in the Yangtze River Delta region[75]. - The company has a strong focus on developing properties tailored to first-time homebuyers and those looking to improve their living conditions, which constitute a significant portion of the market[75].

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 2,570.6 million, representing a 4.0% increase from RMB 2,471.2 million in 2022[16]. - Gross profit decreased significantly to RMB 40.0 million, with a gross profit margin of 1.6%, down from 8.2% in the previous year[16][20]. - The net loss attributable to equity holders for the period was RMB (1,363.9) million, a slight improvement from RMB (1,462.1) million in 2022, reflecting a 6.7% decrease in losses[16]. - Revenue from property sales for the first half of 2023 was RMB 2,066.7 million, an increase of approximately 8.6% compared to the same period last year[72]. - Revenue from property sales accounted for 80.4% of total revenue, amounting to RMB 2,066.7 million, which is an 8.6% increase compared to RMB 1,902.2 million in the corresponding period of 2022[95][99]. - The rental income decreased by 29.2% to RMB 84.1 million, down from RMB 118.8 million in the same period last year[95]. - The Group's cost of sales amounted to RMB 2,530.6 million, an increase of 11.6% compared to RMB 2,268.3 million in the same period last year, aligning with revenue growth[108]. - Gross profit for the first half of 2023 was RMB 40.0 million, with a gross profit margin of 1.6%, down from RMB202.9 million and 8.2% in the same period of 2022, primarily due to lower selling prices and higher land costs[113]. Sales and Contracted Values - Contracted sales value dropped to RMB 2,462.0 million, a decline of 45.4% compared to RMB 4,509.0 million in the same period last year[18]. - Contracted sales area also fell by 52.5% to 135,565 sq.m. from 285,518 sq.m. in 2022[18]. - The average contracted selling price increased by 15.0% to RMB 18,161 per sq.m. from RMB 15,792 per sq.m. in the previous year[18]. - For the six months ended June 30, 2023, Jingrui achieved a total contracted sales value of approximately RMB2.462 billion, representing a decrease of 45.4% compared to RMB4.509 billion in the same period last year[30]. - The contracted sales area for the same period was approximately 135,565 sq.m., with an average contracted selling price of RMB18,161/sq.m.[30]. Market Conditions and Challenges - Future guidance remains cautious due to prevailing market conditions, with a focus on stabilizing sales and improving profitability[16]. - The central government's focus for real estate regulation in 2023 is on "risk prevention and market stabilization," with no strong stimulus measures introduced[25]. - The recovery of real estate sales data in Q2 2023 was below expectations, indicating continued pressure on real estate enterprises[54]. - The sales area of commercial properties in China decreased by 5.3% year-on-year, while the sales area of residential properties declined by 2.8% in the first half of 2023[24]. - The area of new housing construction by real estate developers decreased by 24.3% year-on-year, while the area of housing completion increased by 19.0%[24]. Debt and Liquidity - The net debt-to-capital ratio increased to 333% as of June 30, 2023, compared to 267% at the end of 2022[20]. - Jingrui is facing liquidity difficulties and has engaged financial and legal advisors to initiate debt restructuring for its offshore USD denominated senior notes[32]. - The Group's bondholders agreed to suspend payments on RMB denominated bonds until July 31, 2024, with gradual repayments starting thereafter[32]. - As of June 30, 2023, cash at bank and on hand decreased by approximately 13.9% to RMB1,164.2 million from RMB1,352.1 million as of December 31, 2022[136]. - Total outstanding borrowings decreased from RMB18,412.7 million as of December 31, 2022 to RMB17,831.6 million as of June 30, 2023[137]. - Current borrowings increased by 10.3% to RMB14,672.3 million compared to RMB13,296.7 million as of December 31, 2022[143]. - Non-current borrowings decreased significantly by 38.2% to RMB3,159.3 million from RMB5,116.0 million[143]. Operational Efficiency and Strategy - The company is focusing on market expansion and new product development to improve future performance[16]. - Management indicated ongoing efforts to enhance operational efficiency and reduce costs in response to market challenges[16]. - The company aims to reduce liabilities and leverage while enhancing operational and service capabilities in response to the current real estate market challenges[48]. - Jingrui has focused on revitalizing inefficient and non-core assets to enhance quality and profitability[37]. - The company plans to continue exploring new business strategies under the new real estate development model to create new value[48]. Corporate Governance - The Company has complied with the Corporate Governance Code provisions for the six months ended June 30, 2023, except for deviations regarding the roles of chairman and chief executive officer[179]. - The Board comprises three executive Directors, one non-executive Director, and three independent non-executive Directors, ensuring a strong independence element in its composition as of June 30, 2023[180]. - The Audit Committee, consisting of three independent non-executive Directors, reviewed the unaudited interim report for the six months ended June 30, 2023[192]. - The Board confirmed that there are currently no plans for significant investments aside from routine property development and seeking potential independent third-party investors for various projects[174]. - The Board resolved not to declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year[177].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容所產生或因依賴該等內 容而引致的任何損失承擔任何責任。 JINGRUI HOLDINGS LIMITED 景瑞控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：01862） （債券股份代號：40659及40866） 中期業績公告 截至2023年6月30日止六個月 中期業績摘要 • 截至2023年6月30日止六個月，本集團合約銷售額約為人民幣2,462.0百萬元，較去年同期下 降約45.4%。 • 截至2023年6月30日止六個月，本集團的收入達人民幣2,570.6百萬元，較去年同期增加約 4.0%。毛利為人民幣40.0百萬元，毛利率為1.6%。 • 截至2023年6月30日止六個月，本集團淨虧損為人民幣1,353.9百萬元。 ...