Core Viewpoint - The company reported a slight increase in revenue for 2024, but a decline in net profit and earnings per share, indicating potential challenges in profitability despite revenue growth [1] Financial Performance - The company's operating revenue for 2024 reached 748 million yuan, representing a year-on-year growth of 1.22% [1] - The net profit attributable to shareholders was 90.39 million yuan, showing a year-on-year decrease of 1.56% [1] - Basic earnings per share were 0.48 yuan, down 2.04% compared to the previous year [1] Dividend Distribution - The company plans to distribute a cash dividend of 0.35 yuan per share (including tax) to all shareholders based on the total share capital as of the equity distribution registration date [1] - Additionally, the company will increase capital by 0.4 shares for every share held from the capital reserve [1] - The remaining undistributed profits will be carried forward for future distribution [1]

Core Viewpoint - The company reported a revenue of 1.242 billion yuan for 2024, reflecting a year-on-year growth of 22.89%, while the net profit attributable to shareholders decreased by 18.72% to 123 million yuan [1] Financial Performance - Revenue for 2024 reached 1.242 billion yuan, marking a 22.89% increase compared to the previous year [1] - Net profit attributable to shareholders was 123 million yuan, which represents an 18.72% decline year-on-year [1] - Basic earnings per share stood at 1.03 yuan per share [1] Dividend Distribution - The company plans to distribute a cash dividend of 8 yuan (including tax) for every 10 shares to all shareholders [1] - Additionally, the company intends to increase capital by converting 3 shares for every 10 shares held by shareholders [1]

Core Viewpoint - The company reported a decline in both revenue and net profit for 2024, indicating challenges in its core business operations and profitability [3][4]. Group 1: Financial Performance - In 2024, the company achieved operating revenue of 185.15 billion, a year-on-year decrease of 8.6%, with net profit attributable to shareholders at 15.64 billion, down 38.9% [3][4]. - The revenue from real estate development decreased by 9.4% to 174.72 billion, while commercial property operations saw a 12.1% increase to 7.13 billion, marking two consecutive years of double-digit growth [4]. - The comprehensive gross margin was 17.7%, down 2.6 percentage points year-on-year, reflecting ongoing pressure on profitability [4]. Group 2: Sales and Land Acquisition - The company recorded sales of 310.69 billion, a slight increase of 0.3%, achieving growth for two consecutive years, with an average selling price rising by 16.6% to 27,047 per square meter [5]. - The company focused on core cities, acquiring 22 new land parcels with a total land price of 80.61 billion, maintaining a land acquisition ratio of 86.4% and a land-to-sales ratio of 29.8% [5]. Group 3: Commercial Operations - The company added 9 new commercial properties in 2024, with office rental income of 3.57 billion, up 4.1%, and shopping center rental income of 2.26 billion, up 34.5% [6]. - Long-term rental apartment income increased by 42.1% to 270 million, while hotel and other commercial property income decreased by 2.8% to 1.03 billion [6]. - The commercial operations currently contribute approximately 3.9% to the company's total revenue, indicating room for growth [6]. Group 4: Financial Stability - As of the end of 2024, the company had total interest-bearing debt of 241.56 billion, with a short-term debt ratio of 11.8% and an average financing cost of 3.1%, among the lowest in the industry [7]. - The asset-liability ratio, excluding advance receipts, was 48.2%, and the net debt ratio stood at 29.2%, with a cash-to-short-term debt ratio of 4.3 times [7].