Bank of China Securities released a research report on April 23 stating that Jindi Group (600383.SH) was given a neutral rating. The main reasons for the rating include: 1) the company's revenue showed negative year-on-year growth for the first time since 2018, and short-term performance continued to be pressured; 2) the company's profitability was significantly pressured; 3) the company's short-term cash flow was under pressure; 5) the company achieved contract sales of 153.6 billion yuan in 2023; 6) the company's land acquisition continued to shrink sharply over the past two years, and the land storage equity ratio was less than 50%; but the company's investment and sales contracted in the past two years; 7) The company's investment and sales contracted in the past two years, leading to an optimal allocation of investment between the current and commencement of construction Settlement is all Weakening (Mainichi Keizai Shimbun)