CHIXIA DEVELOPMENT(600533)2024-11-22 10:08Financial Performance - Q3 2024 net loss of -3117.6 million yuan due to decreased real estate sales revenue and reduced delivery settlement scale [2] - 2024 semi-annual asset impairment loss of -4343.64 million yuan [5] Bond Issuance - Successfully issued 10.4 billion yuan corporate bonds in February 2024 with a 3+2 year term and 3.0% interest rate [2] - Issued 10 billion yuan medium-term notes in August 2024 with a 3-year term and 2.28% interest rate [2] - Issued 8.3 billion yuan medium-term notes in November 2024 with a 3-year term and 2.88% interest rate [2] Real Estate Projects - Yunhuifu and Hanjinyuan projects scheduled for delivery in the first half of 2025 [2] - Participating in Nanjing's "old-for-new" housing replacement program [3] Strategic Direction - No plans for industry transition or asset restructuring, focusing on real estate as core business [3] - Exploring opportunities in construction and property service sectors [3] - Cautious approach to land acquisition due to market uncertainty [3] Corporate Governance - No current share buyback or increase plans [3] - Changed auditing firm to Tianheng Accounting Firm for 2024 to enhance audit independence [5] - Undistributed profits exceeding 1.5 billion yuan by Q3 2024, with dividend policy to be determined [5] Market Response - Stock price below net asset value due to low industry valuation [3] - Implementing measures to improve product quality, sales, efficiency, and cost control [3]