Summary by Futu AI
China Overseas Development Co., Ltd. announced its results for the year ended 31 December 2023, achieving sales of contract properties of RMB3,08.1 billion, an increase of 5.1% year-on-year and a decrease of 3.7% in sales area. Group revenue reached RMB2,025.2 billion, up 12.3% year-on-year, and commercial property revenue reached RMB63.6 billion, up 20.9% year-on-year. Shareholders accounted for a profit of RMB256.1 billion, up 10.1% year-on-year, and after excluding tax revaluation of investment properties, shareholders accounted for a profit of RMB225.8 billion, up 12.1% year-on-year. Basic earnings per share were RMB2.34, up 10.1% year-on-year. The Group added 43 new lands and added land reserves to a total building area of 764 million square meters, and the equity land price was RMB1,226.6 billion, up 42.0% year-on-year. At...Show More