SANXIANG IMPRESSION(SZ:000863)2022-12-08 08:51Project Updates - The Yanjiao project has a surrounding rough housing average price of 10,000 yuan per square meter, located in Langfang City, Hebei Province, with a total area of 361,600 square meters and a building area of 1,179,300 square meters [2] - The Xuhui Binjiang project is a commercial office project developed in collaboration with Hunan TV and other partners, located 1.7 kilometers from the Oriental "Dream Factory" [3] - The Zhangjiang and Qiantan projects have commenced construction, with the Qiantan project having a floor price of 66,000 yuan per square meter [3] Company Strategy - The company focuses on real estate development, with a full industry chain from construction to property management, primarily in the Yangtze River Delta, Pearl River Delta, and Beijing-Tianjin-Hebei regions [3] - The company aims to maintain a diversified business model to enhance risk resistance and sustainable development capabilities [5] Financial Performance - The company completed a non-public stock issuance last year to support its funding needs [3] - The company plans to use the proceeds from the current fundraising to supplement working capital and reduce the debt ratio [5] Cultural Collaboration - The company has a partnership with Guanyinxiang, focusing on cultural and creative projects, with a commitment to nurturing new directors and maintaining artistic independence [4] - The revenue model for Guanyinxiang includes production fees, maintenance fees, box office royalties, and other income, which are expected to provide continuous cash flow [4] Future Outlook - The company is exploring new strategic industries while deepening its existing real estate business, particularly in green technology and cultural real estate development [5] - The company is considering entering second and third-tier cities for real estate projects if favorable returns are identified [5]