Summary by Futu AI
On June 30, 2024, Yuexiu Property released unaudited sales and land acquisition information. In June, the company's contract sales amounted to approximately RMB15.308 billion, a year-on-year increase of 8.5%, and the contract sales area was approximately 0.4863 million square meters, a year-on-year increase of 18.2%. The cumulative contract sales amount in the first half of 2024 was approximately RMB55.401 billion, a year-on-year decrease of 33.8%, and the cumulative sales area was approximately 1.8795 million square meters, a year-on-year decrease of 24.0%. The cumulative contract sales amount accounted for 37.7% of the annual target. In the same month, the company acquired several plots of land in Chengdu and Beijing through public listings and cooperative methods, totaling approximately RMB1.746 billion. In addition, the company acquired a 20% equity interest in a project company in Guangzhou from the parent company, Yuexiu Enterprise (Group) Co., Ltd., for a total consideration of approximately RMB2.24 billion. The company reminds investors that the unaudited information above is for reference only and trading should be done with caution. Professional advice should be sought if necessary.