Workflow
当代置业(01107.HK)2024年上半年净亏损37.94亿元

Core Viewpoint - Contemporary Land (01107.HK) reported a significant decline in mid-term performance, with revenues dropping by 69.88% year-on-year, indicating substantial challenges in the current market environment [1] Financial Performance - The company's revenue for the six months ending June 30, 2024, was approximately RMB 1.004 billion, a decrease of 69.88% compared to the same period in 2023 [1] - The loss attributable to shareholders for the same period was RMB 3.794 billion, compared to a loss of RMB 1.002 billion in 2023, resulting in a basic loss per share of RMB 1.357 [1] Sales Performance - The total contracted sales for the group, including joint ventures and associates, reached approximately RMB 1.899 billion, a decrease of about 42.9% year-on-year [1] - The total sales area for the group, including joint ventures and associates, was 185,743 square meters, along with 531 parking spaces, representing a decrease of approximately 37.6% and 12.1% respectively compared to 2023 [1] Land Reserves - As of June 30, 2024, the total land reserves of the group, including joint ventures and associates, amounted to 6,671,842 square meters, excluding investment properties and properties held for own use [1] Cash Position - The group's cash, restricted cash, and bank balances decreased by approximately 32.4% from about RMB 6.83 billion on December 31, 2023, to approximately RMB 4.615 billion [1]