OCT(000069)2024-09-20 01:38Sales Performance - The company achieved a total sales area of 583,000 square meters and sales revenue of 9.76 billion CNY in the first half of the year [1] - From January to August, the cumulative sales area reached 863,000 square meters with a sales revenue of 14.3 billion CNY [1] - The company plans to continue focusing on sales destocking, enhancing product strength, and adopting flexible sales strategies [1] Land Acquisition Strategy - The company will focus on core cities and regions for land acquisition, prioritizing turnover and destocking [2] - The strategy includes optimizing resource allocation and enhancing the main business development space [2] Debt Management - As of mid-2024, the average financing cost decreased from 3.91% to 3.79%, a reduction of 12 basis points [2] - The total interest-bearing debt amounts to 137.2 billion CNY, with 79% being bank loans and 78% being medium to long-term borrowings [2] Financial Support from Major Shareholder - The company has secured a borrowing limit of 40 billion CNY from its major shareholder, Overseas Chinese Town Group, for the 2024-2025 period [2] - The remaining borrowing capacity is still substantial, ensuring financial support for business development needs [3] Development Plans for Cultural Tourism Business - The company aims to strengthen product innovation and enhance tourism business, focusing on classic products like Happy Valley and Maya Beach Water Park [3] - Plans include creating distinctive products tailored to regional culture and customer preferences, and improving operational management to boost efficiency [3]