Agile Group announced in its mid-2024 report that for the six months ended June 30, 2024, the group's revenue reached 21.137 billion yuan, a 5.7% increase from the same period in 2023. However, the gross loss for the period was approximately 1.87 billion yuan, with a gross loss rate of about 8.8%. The group recorded an intra-period loss of approximately 8.9 billion yuan, with the shareholders of the company accounting for a loss of approximately 9.674 billion yuan. The real estate industry in China continues its downward trend, with sluggish sales and increased challenges in financing environment, putting pressure on the group's liquidity. Despite this, the group actively responded, maintained its operation and delivery targets, and deepened its presence in key city clusters. The group's...Show More

Agile Group announced in its mid-2024 report that for the six months ended June 30, 2024, the group's revenue reached 21.137 billion yuan, a 5.7% increase from the same period in 2023. However, the gross loss for the period was approximately 1.87 billion yuan, with a gross loss rate of about 8.8%. The group recorded an intra-period loss of approximately 8.9 billion yuan, with the shareholders of the company accounting for a loss of approximately 9.674 billion yuan. The real estate industry in China continues its downward trend, with sluggish sales and increased challenges in financing environment, putting pressure on the group's liquidity. Despite this, the group actively responded, maintained its operation and delivery targets, and deepened its presence in key city clusters. The group's land reserves are approximately 32.49 million square meters, with reserves in the Greater Bay Area and the Yangtze River Delta region at approximately 8.29 million square meters and 2.38 million square meters, respectively. Looking ahead, the group will continue to expedite property pre-sales and receipts, and seek overseas debt resolution solutions to improve its asset-liability situation.