Cai Jing Wang·2024-02-07 11:02Core Viewpoint - China Resources Land has undergone a significant organizational restructuring, consolidating its regional divisions to enhance operational efficiency and resource allocation [1][3]. Group 1: Organizational Restructuring - The company has reduced its regional divisions from 7 to 5 and its regional companies from 28 to 20, merging the North China and Northeast regions into a new Northern region and eliminating the Central China region [1][3]. - The restructuring aims to streamline operations and empower regional companies by decentralizing resources and authority [3]. Group 2: Sales Performance - In the first half of 2023, the East China region had the highest contracted sales at 461 billion RMB, accounting for 27.1% of total sales, while the Northeast region had the lowest at 78 billion RMB, representing only 4.6% [1][2]. - For the entire year of 2022, the company reported a total contracted sales amount of 3,013 billion RMB, with the Northeast region again ranking last among the six mainland regions with 176 billion RMB, or 5.9% of total sales [2]. Group 3: Future Outlook - The company plans to select and promote a group of young talents into management and key positions, providing new development opportunities for employees [3]. - The restructuring is expected to enhance the company's competitiveness and market position, adapting better to the changing market environment [3].