Gelonghui, January 10, 丨 Black Peony (600510.SH) released a report on real estate operations for the fourth quarter of 2023. In December 2023, Changzhou Peony Huidu Real Estate Co., Ltd., a wholly-owned subsidiary of the company, competed for the right to use about 64,300 square meters of state-owned construction land.

At the end of the fourth quarter of 2023, the area of unstarted land was 168,800 square meters (of which 168,800 square meters of unstarted equity land area), and the planned construction area was no more than 416,000 square meters (of which no more than 41.6 million square meters).

In the fourth quarter of 2023, no new projects were started; the completed area was 76,700 square meters (including 76,700 square meters of equity completion area).

In the fourth quarter of 2023, the contract area was 46,800 square meters, an increase of 65.96% over the previous year (of which the equity contract area was 41,800 square meters, an increase of 103.90%; the realized contract amount was RMB 314.586 million, an increase of 94.22% over the previous year (of which the equity contract amount was RMB 261.6834 million, an increase of 138.84% year on year).

As of December 31, 2023, the company's real estate leased area was 235,000 square meters (including equity rental area of 229,800 square meters), and the rental income obtained in the fourth quarter of 2023 was RMB 12.6058 million (of which equity rental income was RMB 12.0856 million).