Yuexiu Properties recorded sales revenue of approximately RMB82.2 billion in 2013, up 10.8% year-on-year. Gross margin was 15.3%, down 5.1 percentage points year-on-year. Equity holders accounted for a profit of about RMB31.9 billion, down 19.4% year-on-year. Core net profit was approximately RMB34.9 billion, down 17.5% year-on-year. Cumulative contract sales for the year amounted to approximately RMB1,420.3 billion, up 13.6% year-on-year. During the year, 28 plots were added to 11 cities through the “6+1” diversified storage model, with a total construction area of about 491 million square meters, all located in first-line and second-line cities. As of December 31, total land reserves stood at approximately 2,567 million square meters, of which 1,075 million square meters were located in the Greater Bay Area, representing approximately 41.9%. During the year...Show More

Yuexiu Properties recorded sales revenue of approximately RMB82.2 billion in 2013, up 10.8% year-on-year. Gross margin was 15.3%, down 5.1 percentage points year-on-year. Equity holders accounted for a profit of about RMB31.9 billion, down 19.4% year-on-year. Core net profit was approximately RMB34.9 billion, down 17.5% year-on-year. Cumulative contract sales for the year amounted to approximately RMB1,420.3 billion, up 13.6% year-on-year. During the year, 28 plots were added to 11 cities through the “6+1” diversified storage model, with a total construction area of about 491 million square meters, all located in first-line and second-line cities. As of December 31, total land reserves stood at approximately 2,567 million square meters, of which 1,075 million square meters were located in the Greater Bay Area, representing approximately 41.9%. During the year, the Xingqiao TOD project was added in Hangzhou, with a total construction area of 48 million square meters, and the total land reserve of TOD projects was about 331 million square meters, accounting for about 12.9% of the Group's total land reserve. During the year, TOD projects achieved contract sales of approximately RMB273.7 billion, up 23.9% year-on-year. THE BOARD PROPOSES TO DECLARE A DIVIDEND OF 2013 OF HK$0.148 PER SHARE AND A FULL-YEAR DIVIDEND OF HK$0.380 PER SHARE. THE TOTAL DIVIDEND REPRESENTS APPROXIMATELY 40% OF CORE NET PROFIT.