Zhitong Finance App News,Yuexiu Real Estate (00123) announced that for the full year of 2017, the Group achieved operating revenue of about 23.79 billion yuan (RMB, same below), up 14.0% year on year; gross profit of about 6.11 billion yuan, up 40.8% year on year; gross margin was about 25.7%, up 4.9 percentage points year on year.

In addition, net profit attributable to equity holders was about $2.26 billion, up 46.8% year on year; core net profit was about $2.35 billion, up 36.7% year on year; basic and diluted profit per share was $0.1,823.

The Board recommended declaring a 2017 final dividend of HK$0.052 per share, together with an interim dividend, a full-year dividend of HK$0.092 per share. The annual dividend per share increased 41.5% year-on-year in Hong Kong dollars. The total annual dividend payout accounted for about 40% of the core net profit.

During the reporting period, annual contract sales (together with sales of joint venture projects) amounted to about 40.87 billion yuan, an increase of 35.1% over the previous year, reaching 113.5% of the annual contract sales target of 36 billion yuan; the average contract sales price was about 18,400 yuan per square meter, an increase of 41.5% over the previous year.

Nineteen new plots of land were added in Guangzhou, Hangzhou, Wuhan, Qingdao and other cities, with a total construction area of about 5.05 million square meters, an increase of 62.9% over the previous year. The total land reserve reached 16.27 million square meters, an increase of 20.4% over the previous year.

In addition, Yuexiu Real Estate Investment Trust sold 67% of its interests in commercial properties in Qiaokou District of Wuhan during the period, at a consideration price of about 2.01 billion yuan, achieving income before tax of about 420 million yuan.