2022-04-26 04:12Financial Performance - In Q1 2022, the group achieved contract property sales of RMB 48.28 billion, corresponding to a sales floor area of 2.51 million square meters[3]. - The group's revenue for the three months ended March 31, 2022, was RMB 28.83 billion, representing a year-on-year increase of 5.7%[4]. - Operating profit for the same period was RMB 7.16 billion, which includes gains from equity acquisitions and foreign exchange net gains, reflecting a year-on-year increase of 15.8%[4]. - As of March 31, 2022, the group's bank balance and cash amounted to RMB 114.74 billion, with a net gearing ratio of 43.1%[4]. Land Acquisition - The group acquired 6 new land parcels in 5 cities in mainland China, adding a total floor area of 780,000 square meters, with a land cost of RMB 14.74 billion[3]. Market Outlook - The real estate market in China showed signs of recovery in March 2022 after a sluggish start to the year, supported by government policies aimed at stabilizing land prices and housing prices[2]. - The group expects the Hong Kong property market to stabilize as the pandemic situation improves[2]. Strategic Focus - The group emphasizes cash flow management and cost control to maintain industry-leading profitability amid economic uncertainties[2]. - The group remains committed to high-quality development based on financial stability[4]. Forward-Looking Statements - The announcement contains forward-looking statements that may involve risks and uncertainties, and actual performance may differ from these statements[5].