Yuexiu Property achieved revenue of approximately RMB 35.34 billion in the first half of 2024, a year-on-year increase of 10.1%. The gross margin was 13.7%, a year-on-year decrease of 4.1 percentage points. The profit attributable to equity holders was approximately RMB 1.83 billion, a year-on-year decrease of 15.9%. The core net profit was approximately RMB 1.74 billion, a year-on-year decrease of 18.8%. The cumulative contract sales amount during the period was approximately RMB 55.4 billion, a year-on-year decrease of 33.8%. During the period, 12 land parcels were added in 7 cities through the "6+1" diversified storage mode, with a total construction area of approximately 1.72 million square meters, 88% of which are located in first-tier and key second-tier provincial capital cities. As of June...Show More

Yuexiu Property achieved revenue of approximately RMB 35.34 billion in the first half of 2024, a year-on-year increase of 10.1%. The gross margin was 13.7%, a year-on-year decrease of 4.1 percentage points. The profit attributable to equity holders was approximately RMB 1.83 billion, a year-on-year decrease of 15.9%. The core net profit was approximately RMB 1.74 billion, a year-on-year decrease of 18.8%. The cumulative contract sales amount during the period was approximately RMB 55.4 billion, a year-on-year decrease of 33.8%. During the period, 12 land parcels were added in 7 cities through the "6+1" diversified storage mode, with a total construction area of approximately 1.72 million square meters, 88% of which are located in first-tier and key second-tier provincial capital cities. As of June 30, the total land reserve reached approximately 25.03 million square meters, 94% of which are located in first-tier and key second-tier cities. During the period, the group acquired the Phase II project of Guangzhou Pazhou South TOD from the parent company, with a total construction area of approximately 0.58 million square meters. As of June 30, the total land reserve of TOD projects of the group is approximately 3.1 million square meters, accounting for about 12.4% of the total land reserve of the group. The board of directors decided to declare an interim dividend of HK$0.189 per share for the year 2024 (equivalent to RMB 0.173 per share). The total dividend payout accounts for approximately 40% of the core net profit.