Gelonghui, March 14 | China Merchants Land (00978.HK) announced that in 2023, the Group's turnover was RMB 28.8 billion, a year-on-year decrease of about 3.6%. Profit attributable to company owners was RMB 133 million, a year-on-year decrease of about 59.5%. Basic earnings per share were RMB 2.72 points (2022: RMB 6.72 points), a year-on-year decrease of approximately 59.5%.

On December 31, 2023, the Group had 48 real estate development projects in Guangzhou, Foshan, Chongqing, Xi'an, Nanjing and Jurong, focusing on the development of residential properties and residential and commercial complexes. The product categories include apartments, villas, office buildings and retail stores. The figure below shows the breakdown of land reserves by city and the geographical location and land reserves of the Group's projects in China. As of December 31, 2023, the saleable floor area (“land reserve”) of unsold or unpre-sold property projects was 5,201,674 square meters.