Zhi Tong Cai Jing·2024-03-28 06:27Core Viewpoint - China Overseas Development's stock rose over 5% following the release of its 2023 annual performance report, indicating positive market sentiment towards the company's financial results [1] Financial Performance - The company's revenue for 2023 reached 202.52 billion RMB, representing a year-on-year increase of 12.3% [1] - Shareholders' profit attributable to the company was 25.61 billion RMB, up 10.1% year-on-year [1] - After excluding the revaluation gains from investment properties, the profit attributable to shareholders was 22.58 billion RMB, reflecting a 12.1% increase year-on-year [1] - Core profit attributable to shareholders was reported at 23.65 billion RMB [1] - The company proposed a final dividend of 0.45 HKD per share, compared to 0.40 HKD in the same period last year, with a total annual dividend of 0.80 HKD per share [1] Sales and Property Development - The total contract sales of the group's property increased by 5.1% to 309.81 billion RMB, while the corresponding sales area decreased by 3.7% to 13.36 million square meters [1] - Revenue from commercial properties amounted to 6.36 billion RMB, marking a year-on-year increase of 20.9% [1] - During the year, the group launched 12 new commercial properties, including four office buildings, five shopping centers, and three long-term rental apartments, contributing to the growth in commercial property revenue [1]