公开资料显示，两宗地块位于昌平区史各庄街道，东至生命园新贤街（福创路），南至生物医药街，西 至景创路，北至郝庄子南街，紧邻中关村生命科学园的核心区域。配套设置方面，地块临近地铁昌平线 生命科学园站，周边1.2公里有建筑面积达46万平方米、入驻品牌超过800家的北京超极合生汇商场，以 及万达广场、北大国际医院、北京一零一中学昌平实验学校等公共设施，交通便利、配套完善。 【1】海南：开展偿还异地住房公积金贷款约定提取业务 6月5日，海南省住房公积金管理局官网发布《海南省住房公积金管理局关于开展偿还异地住房公积金贷 款约定提取业务的通知（征求意见稿）》（以下简称《征求意见稿》）。 《征求意见稿》提出，缴存人家庭在外省有尚未结清的住房公积金贷款，且本年度已提取的住房公积金 总额尚未达到该笔贷款本年度还款总额度的，可向海南省住房公积金管理机构申请办理异地公积金贷款 约定提取业务。 【2】贝好家、越秀地产联合体23.95亿元竞得北京昌平两宗地块 6月5日，北京市昌平区中关村生命科学园三期及"北四村"棚户区改造和环境整治B地块项目CP01—0601 —0077、0078地块挂牌出让，总面积30729.07平方米，容积率≤2 ...

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 ...

5. 万国黄金集团(03939.HK)：附属金岭矿业与紫金工程订立金岭矿新建1000万吨/年的扩建可行性研究 合同。 6. 弘阳地产(01996.HK)：延长提早重组支持协议费用期限及基础重组支持协议费用期限。 7. 石药集团(01093.HK)：JMT202(重组全人源抗β KLOTHO单克隆抗体)获美国临床试验批准。 金十数据整理：每日港股市场要闻速递（5月6日 周二） 1. 江苏恒瑞医药股份有限公司通过港交所上市聆讯，联席保荐人为摩根士丹利、花旗和华泰国际。 2. 狮腾控股(002565.HK)：与字节跳动旗下BytePlus达成战略合作，共同扩展亚太地区企业人工智能应用 市场。 3. 渣打集团(02888.HK)：一季度固定汇率下经营收入增加7%至54亿美元；母公司股东应占溢利15.9亿美 元，同比增长13%。 4. 中国电力(02380.HK)：附属五凌电力(拥有63%权益的附属公司)一季度取得营业收入及其他收入16.1 亿元，期内净利润9.07亿元。 ...

Financial Performance - In 2024, the Group achieved contracted sales of RMB8.82 billion, with an aggregate contracted sales area of 644,838 square meters, and an average selling price of RMB13,679 per square meter[22]. - Recognized sales revenue amounted to RMB11,305.7 million, representing a decrease of approximately 42.9% compared to the previous year[22]. - The gross loss was RMB177.1 million, and the net loss was RMB5,525.6 million[22]. - Revenue from property business was RMB10,894.8 million, with a total gross floor area of land bank at approximately 7,867,028 square meters, of which 4,555,500 square meters is attributable to the Group[56][61]. - Sales revenue from commercial operations was approximately RMB395.2 million, while hotel operations generated sales revenue of approximately RMB15.7 million during the reporting period[57][58]. - The Group's revenue for the reporting period was approximately RMB 11,305.7 million, a decrease of 42.9% from RMB 19,794.7 million in the same period last year[96]. - Revenue from property sales decreased by 43.3% to approximately RMB 10,894.8 million, accounting for 96.4% of total recognized revenue[96]. - The decrease in hotel revenue was attributed to a reduction in the number of hotel rooms, occupancy rates, and average prices[93]. - The Group's commercial operations faced challenges due to a decrease in rentable area and rental unit prices[92]. Market Environment - The real estate market is transitioning from a downturn to stabilization, supported by a loose policy environment from both central and local governments[18]. - Policies introduced include the cancellation of purchase restrictions and luxury housing taxes, and reductions in down payment ratios and mortgage interest rates[19]. - The overall market showed an upward trend in the fourth quarter, with positive signals from the land market and recovering market confidence[20]. - The multi-faceted optimization of policies has significantly boosted home buyers' confidence, leading to a phased halt to the market decline in the fourth quarter of 2024[51]. - The overall real estate market in 2024 showed a decline in new residential sales area by 12.9% compared to 2023, indicating a market adjustment phase[53]. - The real estate policy environment in 2025 is expected to remain loose, focusing on stabilizing the market and reversing downward expectations of housing prices[135]. Strategic Focus and Development - The Group continues to uphold its entrepreneurial spirit and maintain stable development despite challenging market conditions[21]. - The Group's investment strategy focuses on penetrating the Greater Jiangsu Region and expanding into core cities[5]. - The Group is actively responding to market changes and aims for high-quality sustainable development[21]. - The Group's strategy focuses on high-quality development and aligning with policy directives to lower purchasing barriers and drive sales[52]. - The Group aims to maintain a dual focus on operation-oriented and customer-oriented strategies to demonstrate resilience amid industry challenges[52]. - The Group's strategic focus remains on high-quality development, responding to policy changes to lower purchasing thresholds and boost sales[53]. - The Group aims for high-quality, sustainable, and stable growth amidst the ongoing transformation in the real estate industry[136]. Project Management and Delivery - The Group delivered a total of 57 batches and 21,836 units, covering an area of approximately 3.31 million square meters[27]. - The Group's commitment to project delivery and service enhancement has been emphasized, ensuring compliance with timelines and quality standards despite challenges[54][59]. - The Group plans to strengthen project management by establishing a dedicated delivery assurance team to monitor construction progress and quality[139]. - The company will strengthen project management and establish a dedicated delivery assurance team to ensure projects are delivered on time and with high quality[142]. - The company will optimize construction processes and resource allocation to ensure project progress aligns with plans[142]. - The company will establish good communication and collaboration with construction units and suppliers to ensure smooth project execution[142]. - The company will develop contingency plans in advance to address potential issues and ensure timely project delivery[142]. Financial Management - The Group's financial management strategy focused on maintaining cash flow operations, optimizing asset management, and strategically reducing debt while continuously cutting costs[29]. - Financial management will prioritize cash flow safety, optimize capital structure, and reduce leverage costs[140]. - The financial management strategy focuses on asset protection, strengthening debt management, and controlling risks to ensure cash flow safety and optimize capital structure[142]. - As of December 31, 2024, total borrowings amounted to RMB 21,146.6 million, a decrease from RMB 21,444.5 million as of December 31, 2023[123]. - The net gearing ratio increased to approximately 277.5% as of December 31, 2024, compared to 126.1% as of December 31, 2023[127]. - The debt to asset ratio rose to approximately 88.0% as of December 31, 2024, up from 80.2% in the previous year[127]. - Cash to short-term debt ratio decreased to approximately 0.07 times as of December 31, 2024, compared to 0.16 times as of December 31, 2023[128]. - Capital and property development expenditure commitments contracted but not provided for were approximately RMB 3.11 billion as of December 31, 2024, down from RMB 5.32 billion in 2023[129]. Corporate Governance and Management - The company emphasizes the importance of independent directors in its governance structure[175]. - The management team is well-qualified with relevant educational backgrounds and professional certifications[182][187]. - The company is committed to maintaining high standards of corporate governance and transparency[183]. - The company emphasizes talent management by providing competitive compensation, development opportunities, and a strong corporate culture to attract and retain talent[142]. - The company aims to enhance customer satisfaction and loyalty by improving the after-sales service system and establishing a rapid response mechanism[143]. - The company plans to implement the Jinggangshan Spirit to seize opportunities from policy and market changes for future growth[144]. Future Outlook - Looking ahead to 2025, the Group aims for sustainable development and to navigate market cycles while establishing a firm foothold[39]. - The management anticipates continued economic recovery in 2025, driven by policy support and measures to expand domestic demand and optimize investment structure[53].

Financial Performance - Revenue for the year was RMB 11,305.7 million, a decrease of 42.9% compared to 2023[3]. - Gross loss was RMB 177.1 million, with a gross loss margin of 1.6%[3]. - Net loss for the year was RMB 5,525.6 million, compared to a net loss of RMB 7,739.7 million in 2023[2]. - The company reported a pre-tax loss of RMB 5,099.2 million, compared to RMB 6,942.9 million in 2023[3]. - The group recorded a net loss of approximately RMB 5,525,561,000 for the year ending December 31, 2024[10]. - The company reported total revenue of RMB 11,305,674,000 for the year ending December 31, 2024, with property development and management services contributing RMB 10,894,774,000[30]. - The company incurred a total pre-tax loss of RMB 5,099,215,000, with significant losses in property development and management services amounting to RMB 3,351,556,000[30]. - The total tax expense for the year was RMB 426,346 thousand, significantly reduced from RMB 796,795 thousand in 2023, reflecting a decrease of 46.5%[46]. - The pre-tax loss from continuing operations for 2024 was RMB 5,099,215 thousand, a decrease of 26.5% compared to RMB 6,942,880 thousand in 2023[46]. - The group's pre-tax loss decreased by 26.6% to approximately RMB 5,099.2 million from RMB 6,942.9 million in the same period last year, with a net loss of RMB 5,525.6 million, down 28.6% year-on-year[92]. Assets and Liabilities - Total non-current assets decreased to RMB 19,394.8 million from RMB 22,669.5 million in 2023[5]. - Current assets decreased to RMB 40,610.5 million from RMB 52,236.9 million in 2023[6]. - Total current liabilities decreased to RMB 46,866.1 million from RMB 53,220.3 million in 2023[6]. - The net asset value decreased to RMB 7,173.7 million from RMB 14,823.8 million in 2023[6]. - As of December 31, 2024, current liabilities exceeded current assets by approximately RMB 6,255,595,000, with overdue bank loans and other borrowings amounting to RMB 2,977,069,000[10]. - The group's cash and cash equivalents were only RMB 1,242,346,000 as of December 31, 2024[10]. - Total assets amounted to RMB 60,005,374,000, with segment assets from property development and management services at RMB 46,368,219,000[30]. - The company's current liabilities exceeded its current assets by approximately RMB 6,255,595,000[121]. - The company has outstanding bank loans and other borrowings of approximately RMB 2,977,069,000 and priority notes and interest payable of approximately RMB 10,460,666,000 that are in default[121]. - Total borrowings as of December 31, 2024, were approximately RMB 21.15 billion, a slight decrease from RMB 21.44 billion on December 31, 2023[94]. Cash Flow and Financing - The group is seeking alternative financing and loans to meet existing financial obligations and future operational and capital expenditures[12]. - The group has outstanding commitments for capital and property development expenditures of approximately RMB 3.11 billion as of December 31, 2024, down from RMB 5.32 billion in the previous year[98]. - The group has reduced new property project launches in 2024, impacting sales and distribution expenses[87]. - Financing costs for the group were approximately RMB 1,615.6 million, a decrease of 14.1% from RMB 1,880.3 million in the previous year, primarily due to reduced interest expenses and decreased foreign exchange losses on USD borrowings[90]. - The group has agreed to sell a 34% stake in a project company for a total consideration of RMB 29,500 million, along with a shareholder loan of RMB 47,938.85 million[103]. - The group plans to implement a proposed restructuring of its existing debt, which has made significant progress with various stakeholders[106]. - The group is actively negotiating with multiple banks and financial institutions for the deferral of certain borrowings[12]. - The board believes that, considering the plans and measures in place, the group will have sufficient working capital to meet its operational and financial responsibilities for at least the next twelve months[12]. Market and Sales Performance - Contract sales amounted to RMB 8.82 billion, with a total sales area of 644,838 square meters and an average selling price of RMB 13,679 per square meter[2]. - Property sales revenue decreased to RMB 10,831,769 in 2024 from RMB 19,109,930 in 2023, reflecting a decline of about 43.5%[33]. - The real estate business generated revenue of RMB 10,894.8 million during the reporting period[57]. - The commercial property investment and operation business achieved sales revenue of approximately RMB 395.2 million[58]. - The hotel operation business reported sales revenue of approximately RMB 15.7 million during the reporting period[59]. - The group reported a recognized sales revenue of RMB 11,305.7 million, a decrease of approximately 42.9% compared to the previous year, with a gross loss of RMB 177.1 million and a net loss of RMB 5,525.6 million[56]. - The average contract sales price varied significantly across regions, with Nanjing achieving the highest average price of RMB 23,052 per square meter[61]. - The group delivered a total of 57 batches of projects, fulfilling commitments to 21,836 homeowners across 9 provinces and 22 cities[55]. Strategic Initiatives - The group plans to accelerate the sale of properties as part of its business strategy to improve liquidity and financial condition[12]. - The group aims to recover outstanding sales proceeds more quickly and effectively control costs and expenses[12]. - The group has implemented measures to sell equity in several project development companies to generate additional cash flow[12]. - The group emphasizes the business direction of "preserving assets, strengthening debt, and controlling risks" to ensure cash flow safety and optimize capital structure[101]. - The group plans to enhance project management and establish a dedicated delivery assurance team to ensure timely and high-quality project delivery in response to the evolving real estate market[100]. - The company is implementing restructuring plans and measures to improve liquidity and financial condition[122]. - A business strategy plan has been prepared, focusing on accelerating property sales and recovering outstanding receivables while controlling costs[125]. Governance and Compliance - The company has adopted the Corporate Governance Code as its own governance guidelines[114]. - The audit committee has reviewed the consolidated financial statements and confirmed compliance with applicable accounting principles[119]. - The independent auditor has not issued an opinion on the financial statements, reflecting the ongoing concerns regarding the group's financial health[127]. - The board expresses gratitude for the support received during the fiscal year and acknowledges the contributions of all employees[130]. Employee and Talent Management - As of December 31, 2024, the group has a total of 785 employees, with 668 engaged in real estate development and 117 in commercial operations[105]. - The group is committed to talent management and development, aiming to attract and retain talent through competitive compensation and a supportive corporate culture[101].

Sales Performance - Contracted sales reached RMB4.812 billion, with an aggregated sales area of 365,810 square meters and an average selling price of RMB13,155 per square meter[6]. - In the first half of 2024, the Group achieved contracted sales of approximately RMB4.812 billion, representing a decrease of 63.1% compared to RMB13.025 billion in the same period last year[18]. - The Group achieved contracted sales amounting to approximately RMB 4.812 billion for the six months ended June 30, 2024, a decrease of 63.1% compared to RMB 13.025 billion in the same period last year[19]. - The sales area of newly built commodity housing across China was 480 million sq.m., representing a year-on-year decrease of 19%, while the area for sale of commodity housing increased by 15.2% to 730 million sq.m.[8]. - The Group's performance in major cities like Guangzhou and Nanjing contributed significantly to the overall sales figures, with Guangzhou achieving RMB 69.424 million in sales[20]. Revenue and Profitability - Revenue amounted to RMB6,006.4 million, representing a decrease of 1.5% compared to the corresponding period of 2023, which was RMB6,098.7 million[6]. - Revenue from commercial operations and hotel operations decreased by 22.4% to RMB283.3 million, down from RMB365.1 million in the corresponding period of 2023[6]. - Revenue from property sales decreased by 0.2% to approximately RMB5,723.2 million, accounting for 95.3% of total recognized revenue[61]. - Commercial operations revenue fell by 22.3% to approximately RMB270.1 million due to a decrease in rental unit prices[55]. - Hotel operations revenue decreased by 24.8% to approximately RMB13.2 million, attributed to the closure of one hotel[57]. - The Group's gross profit was approximately RMB532.0 million, representing an increase of 516.5% from approximately RMB86.3 million for the corresponding period last year[64]. - The gross profit margin for the same period was 8.9%, an increase from 1.4% for the corresponding period last year[64]. - The total comprehensive loss for the period was RMB1,710,314, compared to RMB2,843,630 in the same period of 2023, reflecting a reduction in losses[173]. Financial Position - The net loss for the period was RMB1,710.3 million, an improvement from a net loss of RMB2,843.6 million in the corresponding period of 2023[6]. - The Group's cash and bank balances were approximately RMB2.07 billion, down from approximately RMB2.75 billion as at 31 December 2023[68]. - Total borrowings as at 30 June 2024 amounted to approximately RMB21.10 billion, a slight decrease from approximately RMB21.44 billion as at 31 December 2023[68]. - The net gearing ratio increased to approximately 154.4% as of June 30, 2024, compared to 126.1% as of December 31, 2023[74]. - The debt to asset ratio was approximately 81.7% as of June 30, 2024, up from 80.2% as of December 31, 2023[74]. - The Group's total liabilities decreased to RMB 18,829,955,000 from RMB 21,686,159,000, indicating a reduction of approximately 13%[175]. - The total current liabilities were RMB 48,361,042, down from RMB 53,220,279 at the end of 2023, suggesting improved financial management[174]. Market Conditions and Strategy - The real estate market is expected to remain in a period of deep adjustment in the second half of 2024, with ongoing economic transformation and structural opportunities[13]. - The Company plans to adjust sales strategies in response to market conditions and strengthen the integration of online and offline operations[13]. - The decline in sales reflects broader market challenges, necessitating strategic adjustments in operations and marketing[19]. - The Group is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[58]. - Future strategies may include further development of existing projects and potential acquisitions to expand market presence[58]. Project Development and Land Bank - The total gross floor area of the Group's land bank as of June 30, 2024, was approximately 10,137,821 sq.m., including completed properties of 2,148,296 sq.m., rentable area held for investment of 1,008,725 sq.m., and properties under development of 6,980,800 sq.m.[21]. - The Group is focusing on expanding its land bank and enhancing its development pipeline to improve future sales performance[22]. - The Group's land bank includes properties undergoing acquisition, which may impact future development and sales strategies[23]. - The Company aims to maintain the speed of delivery while ensuring quality in its housing projects[13]. Corporate Governance and Compliance - The Company has adopted the Corporate Governance Code and complied with all applicable code provisions during the reporting period[90]. - The Board currently comprises only one single gender, which does not comply with the requirement under Rule 13.92 of the Listing Rules[90]. - The Company plans to appoint an additional director of a different gender to comply with the Listing Rules as soon as practicable[90]. Share Option and Award Schemes - The Company has approved a pre-IPO share option scheme and a post-IPO share option scheme, with the latter subject to the requirements under Chapter 17 of the Listing Rules[94]. - The maximum number of shares that may be issued under the Pre-IPO Share Option Scheme is capped at 112,000,000 shares, representing 3.5% of the total issued share capital at the time of trading commencement on the Stock Exchange[98]. - The Post-IPO Share Option Scheme aims to incentivize selected participants to enhance the value of the Company and its shares[115]. - The Share Award Scheme aims to establish a long-term effective incentive mechanism and attract core talents[131]. Future Outlook and Challenges - The Group is facing significant uncertainties regarding its ability to continue as a going concern, dependent on several factors including successful restructuring of offshore debts and negotiating with lenders[200]. - Successful completion of the holistic restructuring of offshore debts is critical for the Group's future operations[200]. - The Group aims to accelerate property sales as part of its business strategy plan to improve financial stability[200]. - The Group plans to dispose of equity interests in project development companies when suitable to optimize its asset portfolio[200].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 6,006.4 million, a decrease of 1.5% compared to RMB 6,098.7 million in the same period of 2023[2]. - Gross profit was RMB 532.0 million, with a gross profit margin of 8.9%[1]. - The company reported a net loss of RMB 1,710,314,000 for the six months ending June 30, 2024[8]. - The pre-tax loss for the six months ended June 30, 2024, was RMB 2,655,397,000, compared to a loss of RMB 1,784,029,000 for the same period in 2023, indicating an increase in losses[29]. - The group reported a loss before tax of approximately RMB 1,584.9 million for the six months ended June 30, 2024, compared to a loss of RMB 2,631.7 million in the same period last year[66]. - Total financing costs decreased to RMB 1,096,787,000 for the six months ended June 30, 2024, down from RMB 1,624,721,000 in the previous year, reflecting a reduction of approximately 32.3%[24]. - The total tax expense for the period was RMB 125,446,000, a decrease from RMB 211,916,000 in the same period last year, representing a reduction of about 40.7%[26]. Sales and Revenue Breakdown - Contract sales amounted to RMB 4.812 billion, with a total sales area of 365,810 square meters and an average selling price of RMB 13,155 per square meter[1]. - The property development segment generated revenue of RMB 5,723,157 thousand, while the commercial property investment and operation segment contributed RMB 270,104 thousand, and hotel operations brought in RMB 13,175 thousand[15]. - Property sales revenue decreased by 0.2% to approximately RMB 5,723.2 million, while commercial operation revenue decreased by 22.3% to approximately RMB 270.1 million[57]. - The company’s customer contract revenue for the six months ended June 30, 2024, was RMB 5,746,877 thousand, slightly lower than RMB 5,764,529 thousand for the same period in 2023[20]. Assets and Liabilities - Non-current assets totaled RMB 21.389 billion as of June 30, 2024, down from RMB 22.670 billion as of December 31, 2023[4]. - Current liabilities amounted to RMB 48.361 billion, a decrease from RMB 53.220 billion as of December 31, 2023[5]. - Total assets less current liabilities were RMB 18.830 billion, down from RMB 21.686 billion[5]. - The company's net asset value was RMB 12.326 billion, a decrease from RMB 14.824 billion as of December 31, 2023[5]. - Total assets as of June 30, 2024, amounted to RMB 67,190,997 thousand, down from RMB 74,906,438 thousand as of December 31, 2023[18]. - The total liabilities as of June 30, 2024, were RMB 54,864,859 thousand, a decrease from RMB 60,082,607 thousand as of December 31, 2023[18]. Cash Flow and Financing - As of June 30, 2024, the group had cash and bank balances of approximately RMB 2.07 billion, down from RMB 2.75 billion as of December 31, 2023[67]. - Total borrowings as of June 30, 2024, were approximately RMB 21.1 billion, a slight decrease from RMB 21.4 billion as of December 31, 2023[68]. - The current ratio was approximately 0.95 times as of June 30, 2024, down from 0.98 times on December 31, 2023[70]. - The cash-to-short-term debt ratio was approximately 0.12 times as of June 30, 2024, compared to 0.16 times on December 31, 2023[70]. - The company is seeking alternative financing and loans to meet existing financial obligations and future operational and capital expenditures[9]. Strategic Initiatives - A business strategy plan has been prepared, focusing on accelerating property sales[9]. - The company aims to recover outstanding sales proceeds more quickly and effectively control costs and expenses[9]. - The company plans to enhance online and offline integration and innovation, while also focusing on cash flow management and multi-channel financing to ensure financial stability[34]. - The company remains committed to its three strategic directions: maintaining a dual-driven industry combination of real estate and commerce, focusing on deepening its presence in Jiangsu, and ensuring sustainable quality development[32]. Market Conditions - The real estate market in China is expected to remain in a deep adjustment phase in the second half of 2024, with ongoing structural opportunities despite traditional development models accelerating transformation[34]. - As of June 30, 2024, the unsold area of commercial housing was 730 million square meters, reflecting a year-on-year increase of 15.2%[32]. Employee and Corporate Governance - The group had a total of 1,204 employees as of June 30, 2024, with 789 in real estate development, 331 in commercial property management, and 84 in hotel operations[73]. - The board of directors did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[1]. Project Developments - The total land reserve area across various projects is 10,137,821 square meters, with 2,148,296 square meters completed and available for sale[53]. - The company has ongoing projects in Jiangyin with a land area of 203,609 square meters and a total construction area of 28,212 square meters, holding a 20% equity interest[43]. - The company is expanding its market presence with new projects in various regions, including a 47% equity interest in the Nanchang Zhongda Hongyang project with a total construction area of 23,845 square meters[44].

Sales Performance - The Group achieved contracted sales of RMB21.829 billion, with an aggregate contracted sales area of 1.5673 million square meters and an average selling price of RMB13,927 per square meter[25]. - Recognised sales revenue amounted to RMB19,794.7 million, representing a decrease of approximately 1.1% compared to the previous year[25]. - The Group achieved a contract sales amount of RMB 21.829 billion, with a cumulative contract sales area of 1.5673 million square meters and an average selling price of RMB 13,927 per square meter[30]. - The recognized sales revenue was RMB 19,794.7 million, a decrease of approximately 1.1% compared to the previous year, with a gross loss of RMB 669.7 million and a net loss of RMB 7,739.7 million[30]. - Revenue from the property business was RMB 19,198.94 million, while sales revenue from commercial operations was approximately RMB 560.07 million, and from hotel operations was approximately RMB 35.69 million[67][68][69]. - The Group's total revenue for the reporting period was approximately RMB19,794.7 million, a decrease of 1.1% from RMB20,013.4 million in the same period last year[136]. - Property sales accounted for 97.0% of the total recognized revenue, amounting to approximately RMB 19,198.9 million, a decrease of 0.7% year-on-year[142]. Financial Performance - The gross loss was RMB669.7 million, while the net loss reached RMB7,739.7 million[25]. - The Group's net loss for the reporting period was RMB 7,739.7 million, an increase of 96.5% compared to the previous year[163]. - The Group's pre-tax loss increased by 108.1% to approximately RMB6.94 billion for the reporting period, compared to RMB3.34 billion in the same period last year[166]. - As of December 31, 2023, the Group's cash and bank balances were approximately RMB 2.75 billion, down from approximately RMB 4.86 billion at the end of 2022[164]. - As of December 31, 2023, the Group's total borrowings amounted to approximately RMB21.44 billion, a decrease of 11.5% from RMB24.29 billion as of December 31, 2022[168]. - The Group's net gearing ratio was approximately 126.1%, compared to 81.7% as of December 31, 2022[176]. - The debt to asset ratio was approximately 80.2% as of December 31, 2023, an increase from 76.6% in the previous year[176]. - The cash to short-term debt ratio was approximately 0.16 times as of December 31, 2023, down from 0.29 times in the previous year[177]. - The Group's capital and property development expenditure commitments not provided for were approximately RMB5.32 billion as of December 31, 2023, compared to RMB6.08 billion in the previous year[178]. Market Conditions - The real estate industry faced continuous deep adjustments, with market sales continuing to shrink and weak investor confidence[17]. - The policy environment for the real estate market has entered a stage of easing, with various supportive policies introduced by local governments[60]. - The real estate market in China is expected to remain in a period of deep adjustment and low-level consolidation in 2024[185]. Operational Strategies - The Company implemented prudent financial strategies, reducing financing costs through cost reduction, cycle adjustment, and structure optimization[27]. - The Group focused on refining headquarters operations and strengthening frontline efficiency through organizational reform[27]. - The Group's management emphasized quality delivery and stable operations as top priorities during challenging times[21]. - The Group plans to continue its entrepreneurial spirit and mission in 2024, focusing on collaboration and innovation to drive future growth[33]. - The financial strategy emphasizes cash flow management, reducing leverage costs, and ensuring asset liquidity while stabilizing value appreciation[193]. - The business strategy is centered on ensuring delivery, protecting assets, and orderly risk resolution to successfully complete delivery tasks this year[196]. - The Group plans to adapt to rapidly changing consumer preferences and enhance industry competitiveness through innovation and upgrading services[191]. - The personnel strategy focuses on retaining outstanding talents and increasing internal talent training to maintain organizational vitality[193]. Project Development - During the Reporting Period, the Group delivered more than 40,000 new housing units to customers, aiming to boost home buyer confidence and stabilize market expectations[26]. - The total gross floor area under construction across various projects amounts to 1,800,000 sq.m., with significant projects including Huai'an Fengdeng Road Jinyuefu at 129,626 sq.m. (32% interest) and Nanjing Hong Yang Plaza at 491,888 sq.m. (100% interest)[41]. - The Group's ongoing projects include Anqing Hong Yang Upper City with a total gross floor area of 114,928 square meters, currently under construction[36]. - The total gross area of properties held for investment is 633,158 sq.m. in the Weifang Kuiwen North District Project, which is fully owned by the group[47]. - The total gross area of properties under development is 1,200,000 sq.m., indicating ongoing expansion efforts by the group[41]. - The Group's land bank includes properties with varying ownership interests, such as Anqing Hong Yang Upper City with a 95% interest[85]. - The Group's strategy includes expanding its land bank and enhancing its property portfolio through ongoing developments and investments[82]. Future Outlook - The Group's future outlook remains optimistic, emphasizing a down-to-earth approach for stable long-term development[195]. - The "three dares and three cooperations" entrepreneurial spirit will guide the Group's efforts in achieving its mission[194]. - The Group is committed to a "stable yet progressive" development approach, emphasizing sustainable growth and quality[191].

Financial Performance - Revenue for the year was RMB 19,794.7 million, a decrease of 1.1% compared to 2022[3] - Gross loss was RMB 669.7 million, with a gross loss margin of 3.4%[3] - Net loss for the year was RMB 7,739.7 million, compared to a net loss of RMB 3,937.8 million in 2022[3] - The group recorded a net loss of RMB 7,739,675,000 for the year ending December 31, 2023[14] - The adjusted pre-tax loss for the group was RMB 6,942,880,000, with significant losses reported in property development (RMB 3,141,514,000) and commercial property investment (RMB 1,960,017,000)[30] - Total revenue for the year ended December 31, 2023, was RMB 19,794,695,000, with property development contributing RMB 19,198,937,000[30] - Total other income and gains decreased significantly from RMB 809,815 thousand in 2022 to RMB 39,185 thousand in 2023, a decline of approximately 95.2%[42] - The pre-tax loss from continuing operations increased from RMB 3,881,520 thousand in 2022 to RMB 7,214,511 thousand in 2023, representing an increase of approximately 85.0%[51] Assets and Liabilities - Total non-current assets decreased to RMB 22,669.5 million from RMB 28,126.4 million in 2022[8] - Current assets decreased to RMB 52,236.9 million from RMB 73,606.5 million in 2022[10] - Total current liabilities decreased to RMB 53,220.3 million from RMB 66,603.5 million in 2022[10] - Total assets decreased to RMB 14,823.8 million from RMB 23,798.5 million in 2022[10] - Current liabilities exceeded current assets by RMB 983,365,000 as of December 31, 2023[14] - Total interest-bearing bank and other borrowings amounted to RMB 21,444,517,000, with RMB 17,204,952,000 due within the next twelve months[14] - The net debt ratio increased to 126.1% as of December 31, 2023, compared to 81.7% in the previous year[124] - The debt-to-asset ratio rose to 80.2% as of December 31, 2023, from 76.6% in 2022[124] Cash Flow and Financing - The group has no cash and cash equivalents of RMB 1,074,049,000 against upcoming financial obligations[14] - The group is seeking alternative financing and loans to meet existing financial responsibilities and future operational and capital expenditures[15] - The cash-to-short-term debt ratio was approximately 0.16 times as of December 31, 2023, down from 0.29 times in the previous year[124] - As of December 31, 2023, the group had cash and bank balances of approximately RMB 2.75 billion, down from RMB 4.86 billion as of December 31, 2022[120] - Total borrowings as of December 31, 2023, amounted to RMB 21.44 billion, a decrease of approximately 11.5% from RMB 24.29 billion as of December 31, 2022[121] - The group has outstanding commitments for capital and property development expenditures of approximately RMB 5.32 billion as of December 31, 2023, down from RMB 6.08 billion in 2022[125] Business Strategy and Operations - A business strategy plan has been prepared, focusing on accelerating property sales[15] - The group aims to recover outstanding sales proceeds more quickly and effectively control costs and expenses[20] - The company delivered over 40,000 new homes to customers, aiming to boost buyer confidence and stabilize market expectations[61] - The company is focusing on expanding its market presence in Hefei and Nanchang, with multiple ongoing projects in these regions[82] - The company plans to focus on quality development and customer-centric strategies in 2024, emphasizing sustainable growth and service quality[128] Market Conditions - The real estate market in China saw a total sales area of 111,735 million square meters in 2023, a year-on-year decrease of 8.5%[64] - The real estate market is expected to remain in a deep adjustment phase in 2024, with policies aimed at stabilizing the sector and promoting housing construction[127] Impairment and Losses - The group recognized impairment losses of RMB 2,626,487,000 on properties under development and held for sale[30] - The company recognized impairment losses of RMB 977,301 thousand related to properties under development and held for sale[31] - The fair value loss on financial assets recognized in profit or loss was RMB 161,705 thousand for the year ended December 31, 2022[31] - The fair value loss on investment properties was approximately RMB 2,083.8 million, primarily due to a decline in overall capital value[111] Corporate Governance - The independent auditor, Ernst & Young, did not express an opinion on the consolidated financial statements due to uncertainties regarding the company's ability to continue as a going concern[150] - The audit committee has confirmed compliance with applicable accounting principles and standards during the reporting period[149] Employee and Operational Metrics - As of December 31, 2023, the group has a total of 1,497 employees, with 997 in real estate development, 414 in commercial property management, and 86 in hotel operations[133]

智通财经APP讯，弘阳地产(01996)发布公告，纽约梅隆银行伦敦分行向香港特别行政区高等法院提呈针对公司日期为2024年2月14日的清盘呈请，涉及金额不少于2.29亿美元的财务义务，即公司所发行于2023年到期的2亿美元9.50%有担保票据项下的付款金额。公司正就有关对该呈请的适当回应寻求法律意见。 于公告日期，有关该呈请尚未进行聆讯，且高等法院尚未对公司发出清盘令。公司已与持有大量优先票据的若干持有人保持持续沟通，并始终认为，基于各方一致意见的重组乃为所有持份者保存价值的最佳方法，因此符合所有持份者的最佳利益。公司仍致力于与其债权人沟通，以探索所有可行的选择，从而寻求针对当前情况的全面解决方案，并确保公司的长期未来，保障所有持份者的利益。 根据《公司(清盘及杂项条文)条例》(香港法例第32章)第182条，倘公司最终因该呈请而清盘，公司于开始清盘之日开始后就公司直接拥有的财产作出的任何产权处置、公司的任何股份转让或公司股东地位的任何变更将属无效，惟获高等法院授出认可令则作别论。倘该呈请其后被撤销、驳回或永久搁置，则于起始日或之后作出的任何有关产权处置、转让或变更均不受影响。 鉴于公司清盘条例第182条的影响 ...