In the first half of 2024, China Resources Land achieved a comprehensive operating revenue of CNY 79.13 billion, a year-on-year increase of 8.4%. Among them, the operating revenue of the development and sales business was CNY 59.13 billion, a year-on-year increase of 8.3%; the operating revenue of the operating real estate business was CNY 11.47 billion, a year-on-year increase of 7.0%; the operating revenue of the light asset management business was CNY 5.89 billion, a year-on-year increase of 17.6%; and the operating revenue of the ecological circle element business was CNY 2.64 billion, a year-on-year increase of 0.8%. The comprehensive gross margin was 22.3%, with a gross margin of 12.4% for the development and sales business and 71.5% for the operating real estate business...Show More

In the first half of 2024, China Resources Land achieved a comprehensive operating revenue of CNY 79.13 billion, a year-on-year increase of 8.4%. Among them, the operating revenue of the development and sales business was CNY 59.13 billion, a year-on-year increase of 8.3%; the operating revenue of the operating real estate business was CNY 11.47 billion, a year-on-year increase of 7.0%; the operating revenue of the light asset management business was CNY 5.89 billion, a year-on-year increase of 17.6%; and the operating revenue of the ecological circle element business was CNY 2.64 billion, a year-on-year increase of 0.8%. The comprehensive gross margin was 22.3%, with a gross margin of 12.4% for the development and sales business and 71.5% for the operating real estate business. Shareholders' attributable profit was CNY 10.25 billion, and the core net profit was CNY 10.74 billion. The property signed sales reached CNY 124.7 billion, with a contract area of 5.21 million square meters. The mid-term dividend was CNY 0.20 per share, an increase of 1.0% compared to the same period last year. The Group added 2.02 million square meters of new land reserves, with a total land reserve of approximately 56.99 million square meters. The total lending was CNY 251.13 billion, and the banks' balance and cash held was CNY 118.33 billion, with a net interest-bearing debt ratio of 33.6%.