Gemdale(SH:600383) Mei Ri Jing Ji Xin Wen·2025-04-22 12:46Core Insights - The company is focusing its investment strategy on core first- and second-tier cities due to a clear trend of market differentiation in the national sales market [1] - The company has resumed front-end investments, acquiring new projects in cities like Hangzhou, Shanghai, and Tianjin, driven by reduced debt pressure following the repayment of public debts [1][4] - The company aims to maintain a balanced strategic development approach, emphasizing cash flow management and making investment decisions based on the recovery of operational and financing cash flows [3] Financial Performance - The company experienced its first loss since its listing in 2001 due to the deep adjustment in the real estate industry, which pressured its performance [4] - The company successfully repaid 11 public market debts totaling 20 billion yuan, ensuring financial stability during a peak repayment period [4] - The company achieved a signed area of 4.714 million square meters and a signed amount of 68.51 billion yuan, maintaining a position among the top tier in industry sales despite a decline in overall market performance [4] Market Outlook - The company anticipates that real estate policies will continue to focus on stabilizing the market and avoiding systemic risks, with measures such as housing subsidies and talent policies to stimulate demand [6] - The company plans to monitor the effects of policy implementation and market recovery closely, adjusting its operational strategies as needed [6] - The company believes that with policy support and industry transformation, the real estate market will gradually return to a rational growth trajectory [6]