TANDE(SH:600665)2024-05-23 07:37Group 1: Financial Performance - The company reported a negative net profit attributable to shareholders for the fiscal year 2023, leading to no profit distribution or capital reserve conversion into shares [5] - The company's market capitalization is only 28 billion, while it holds 6.8 billion in cash [2] - The company aims to enhance its operational management and core competitiveness to promote sustainable development [2] Group 2: Land Acquisition and Development - The company plans to acquire land with a total construction area of 510,800 square meters within 12 months after the 2023 annual general meeting, with an estimated cost of 5.588 billion [3] - On May 16, 2024, the company’s subsidiary acquired a state-owned land use right in Xi'an for a total price of 1.082 billion [4] - The company adjusts its land reserve and development pace according to market changes and government policies [3] Group 3: Strategic Initiatives - The company is focusing on a dual-driven business model of real estate development and asset operation to enhance operational capabilities [5] - The company has signed an equity custody agreement with its actual controller to eliminate competition among its subsidiaries [4] - The company aims to become a leader in cultural real estate and a provider of beautiful living scenarios [5]