According to the Zhitong Finance App, Chenxing Development (02286) announced its 2023 results, with revenue of about RMB 300 million, a year-on-year decrease of 74.88%; loss attributable to parent company owners was approximately RMB 152 million, profit attributable to 2022 was approximately RMB 10.44,000; and loss per share was RMB 0.25.

According to the announcement, the decline in performance was mainly due to a decrease in sales and preparation for impairment of real estate projects.

During the reporting period, the group had contracted sales of about 499 million yuan, a decrease of about 21.3% over the same period last year; the total contracted construction area was about 63,923 square meters, respectively, a decrease of about 21.2% compared with the same period last year. At the end of the reporting period, the Group's land reserve area was approximately 2,701,551 square meters.