Core Viewpoint - Kaisa Group reported a significant decline in financial performance for the fiscal year 2024, with a notable drop in revenue and an increase in losses compared to the previous year [2][3]. Financial Performance Summary - The total revenue for Kaisa Group in 2024 was approximately 11.56 billion RMB, representing a year-on-year decrease of 55.8% [2][3]. - Gross profit for the year was about 237.9 million RMB, down 86% from the previous year, resulting in a gross margin of 2.1% [3]. - The net loss attributable to shareholders was approximately 28.53 billion RMB, compared to a loss of 19.92 billion RMB in the prior year [2][3]. Sales and Revenue Breakdown - Contract sales amounted to approximately 6.76 billion RMB, a decrease of 62.1% year-on-year [3]. - Rental income increased to about 499 million RMB from 460 million RMB in 2023 [3]. - Health business revenue rose to approximately 667 million RMB, up from 591 million RMB in 2023 [3]. - Property sales revenue significantly declined to about 8.06 billion RMB from 22.55 billion RMB in the previous year [3]. - Property management service revenue slightly decreased to approximately 1.62 billion RMB from 1.66 billion RMB [3]. - Hotel and catering business revenue was around 262 million RMB, down from 340 million RMB in 2023 [3]. Land Reserves and Debt Restructuring - As of the end of 2024, Kaisa Group held land reserves of 22.31 million square meters across 48 cities, with 76% located in first-tier and key second-tier cities, and 61% of the reserves in the Guangdong-Hong Kong-Macau Greater Bay Area [4]. - The company is actively engaged in debt restructuring, with ongoing communication with creditor groups to develop a mutually agreed debt restructuring plan [4]. - Kaisa Group is also negotiating financing extensions and cost reductions for domestic debts, with a focus on leveraging its land reserves and urban renewal projects in the Greater Bay Area [4].
佳兆业集团2024年收入同比下降55.8%至115.61亿元，土地储备达2231万平方米