YUEXIU PROPERTY(00123) 证券日报·2025-03-31 11:38Core Viewpoint - Yuexiu Property achieved a revenue of 86.4 billion yuan in 2024, marking a year-on-year growth of 7.7% and maintaining a healthy financial status with a net operating cash flow of 21.73 billion yuan and cash reserves of 50.05 billion yuan, up 8.6% from the beginning of the year [1][2] Financial Performance - The company’s interest-bearing debt was reduced to 103.89 billion yuan by the end of 2024, with short-term debt accounting for only 22% [1] - The weighted average financing cost for bonds issued domestically was 2.61%, while the overall weighted financing cost for the year decreased to 3.49%, positioning the company at a low level within the industry [1] Business Strategy - The company emphasizes sustainable growth driven by internal cash flow rather than relying solely on financing, showcasing a consistent positive operating cash flow over the years [1] - Yuexiu Property is recognized as a representative of high-quality development in the industry, focusing on "precise investment + high-quality turnover" to strengthen its presence in core cities like Beijing, Shanghai, and Guangzhou [1][2] Market Positioning - The company implemented a "one strategy, one plan" marketing approach to solidify its leading position in the Greater Bay Area and Guangzhou markets, achieving a top 10 market share in Beijing and a top 5 position in Hangzhou for 2024 [2] Operational Efficiency - A new production management center was established to integrate various departments, enhancing the agility of the production system and improving asset and turnover efficiency [2] - The company aims to eliminate ineffective costs through lean management, thereby enhancing profitability [2] Future Outlook - For 2025, the company plans to maintain positive operating cash flow, continue reducing financing costs, and ensure compliance with the "three red lines" policy to enhance financial health and liquidity [2]