Group 1 - China Jinmao has increased land acquisition efforts in core cities since Q4 of last year, with a focus on Beijing as a key market [2][9] - The company has completed the acquisition of a 36% stake in Beijing Zhaoxing Real Estate Development Co., Ltd., which is involved in the Beijing Fengtai Xingu project [3][5] - The project site was previously auctioned for a total price of 2.4345 billion yuan with a premium rate of 0.1% [3][6] Group 2 - The project site was initially listed with an area of 53,900 square meters and a starting price of 5.2 billion yuan, but was later adjusted to 30,400 square meters and a starting price of 2.432 billion yuan [7] - The project, named Jianfa Jinmao·Guanchen, consists of 11 residential buildings with 479 units, targeting the improvement housing demand in the area [8] - In March, the project obtained a pre-sale permit for 457 units, achieving a sales completion rate of approximately 45% with total sales of 2.243 billion yuan [8][9] Group 3 - China Jinmao's sales data for March indicates a signed sales amount of 7.191 billion yuan, with a total of 18.302 billion yuan in signed sales for the first three months of the year [9] - The company has restructured its organizational framework to enhance decision-making efficiency, transitioning from a three-tier to a two-tier management structure [9]