According to the Zhitong Finance App, Jiande International Holdings (00865) announced the results for the year ended December 31, 2023. The group achieved revenue of 278 million yuan (RMB, same below) during the period, an increase of 6.15% over the previous year; profit attributable to the company's owners was 4.507 million yuan, a decrease of 85.61% year on year; basic profit per share was 0.08 points.

According to the announcement, the increase in revenue was mainly due to the increase in the number of completed and delivered properties to customers this year. The Group's gross profit decreased by 55.7% from $83.593 million for the year ended December 31, 2022 to $37.06 million for the year ended 31 December 2023, mainly due to a drop in gross margin of 13.3% from 31.9% for the year ended 31 December 2022 to 31 December 2023. The pressure on gross margin is mainly due to the year ended December 31, 2023. Faced with the pressure of price adjustments in the property market, gross margins of developed projects have declined recently.