Summary by Futu AI
On August 9, 2024, Yuexiu Property Co., Ltd. announced its unaudited sales data and land acquisition in July as of July 31, 2024. In July 2024, the company's contract sales amount was about CNY 5.028 billion, a decrease of about 40.7% compared with the same period last year, while the contract sales area increased by about 2.2% to about 0.2149 million square meters. From January to July 2024, the cumulative contract sales amount was about CNY 60.429 billion, a year-on-year decrease of about 34.4%, and the cumulative sales area decreased by about 22.0% to about 2.0943 million square meters, accounting for about 41.1% of the annual sales target. In addition, in July, the company acquired about 46.55% equity of a residential land in Yangpu District, Shanghai through public listing, with a total construction area of about 50,105 square meters and a land price of about CNY 1.038 billion for the actual interest. The company reminds investors that the above unaudited data is for reference only. Investors should trade cautiously and seek professional advice when necessary.