Shenzhen Zhenye Group(SZ:000006)2022-12-07 00:02Sales Performance - The company's sales in local Shenzhen projects are performing well, with external projects in Changsha, Dongguan, and Nanning meeting expectations, while Tianjin and Xi'an projects faced initial sales obstacles that have recently eased [2] - The company aims to maintain its 2016 sales target at a level comparable to previous years, with a strong likelihood of achieving this target if there are no significant market fluctuations [3] Project Updates - The Jin Hui PARK project has successfully sold out its first phase, and the second phase has recently opened with good sales performance [3] - Major projects expected to settle in 2016 include Jin Hui PARK Phase 1, Changsha Zhenye City Phase 2, Guangxi Shangfu project, and Tianjin Qichunli [3] Land Acquisition Strategy - The company plans to focus on land acquisition around Shenzhen and existing project locations, exploring various channels including mergers, cooperative development, and urban renewal to enhance sustainable growth [4] Financial Overview - The company successfully issued 1.5 billion yuan in corporate bonds last year, with the remaining funding sourced from bank loans and project cash flow, avoiding high-cost financing options [5] Strategic Direction - The company has no current plans for transformation, having previously divested from auxiliary businesses to focus on real estate development [4] - The company is closely monitoring the dynamics of state-owned enterprise reforms in Shenzhen, although no specific plans or notifications have been received [5] Collaboration and Competition - The company reports that its collaboration with the subway group is progressing smoothly and is not hindered by the partnership between the subway group and Vanke [5]