CHIXIA DEVELOPMENT(600533)2024-05-21 09:44Financial Performance - The company completed the repayment of 20 million yuan in bonds in 2023 and successfully issued 300 million yuan in corporate bonds in November 2023 at an interest rate of 3.5% [2] - In February 2024, the company issued 1.04 billion yuan in corporate bonds with a 3.0% interest rate [2] - The net profit for 2023 significantly decreased, primarily due to low gross margins from key projects and a provision for inventory depreciation amounting to 216.68 million yuan [3] Market Strategy - The company plans to continue focusing on real estate as its main business while enhancing core competitiveness and cautiously managing risks [3] - It aims to expand its construction segment and explore investment opportunities in the upstream and downstream of the industry chain [3] Industry Outlook - The company believes that the supportive policies for the real estate sector will gradually stabilize the market and promote long-term healthy development [3] - The company has not entered any whitelist for projects as of now, but financing channels remain open and stable [4] Dividend Policy - The company will not distribute cash dividends, issue bonus shares, or convert reserves into share capital for 2023 due to the capital-intensive nature of the real estate industry and ongoing market uncertainties [4] Project Delivery - The company has successfully completed project deliveries as per contractual agreements, maintaining a stable financial status and cash flow [4]