SANXIANG IMPRESSION(SZ:000863)2022-12-08 09:31Group 1: Company Overview and Financials - The non-public issuance of shares has been completed [2] - The company holds a 50.49% equity stake in the Yanjiao project [2] - The expected sales for this year may not exceed last year's figures, pending December's performance [3] Group 2: Yanjiao Project Details - The Yanjiao project has not yet fully acquired land; construction is anticipated to start in the first half of next year if land is secured [2] - The surrounding area has an average price of 8,000 to 9,000 CNY per square meter for rough-finished apartments [3] - The project is approximately 30 kilometers from downtown Beijing, with a travel time of 35 to 40 minutes [3] Group 3: Future Developments and Sales - Upcoming projects for sale next year include Sanxiang Wealth Plaza Building 3, Sanxiang Four Seasons Garden, and several others [3] - The sales situation for the Zhongying Black Forest project is slow due to sensitivity to purchase restrictions, but recent sales have improved [3] - The fourth quarter is expected to perform better than the previous three quarters, potentially due to interest rate cuts [3] Group 4: Strategic Planning and Market Outlook - The company plans to develop a mid-to-long-term strategy over the next five years, focusing on real estate development in major cities [4] - The new strategic plan is expected to be disclosed with the annual report [4] - The company currently has approximately 580,000 square meters of undeveloped land reserves [4]