Core ideas:

In 2020, China's sales exceeded 100 billion for the first time. In terms of business performance, the growth rate of sales reached 28.1%, and the sales amount reached 100.38 billion yuan, successfully promoted to a 100 billion-scale real estate enterprise. We believe that the performance of the deep ploughing market is better than that of the whole country, while some cities that expand outward contribute to the performance of enterprises.

In terms of land investment, China used a variety of ways to obtain land reserves in 2020, but the intensity of land investment weakened, and the total land reserve and survival ratio declined. however, enterprises have rich urban renewal projects in many cities in Guangdong Province. potential soil reserves are abundant. In terms of profitability, the scale indicators of profitability, such as operating income, gross profit and net profit of time China, have all declined to a certain extent, but it is worth noting that the growth rate of urban renewal business revenue has reached 151.3%, the performance is relatively eye-catching.

On the financial side, the substantial growth in corporate sales and the opportunity of improving the financing environment in 2020 issued a number of long-term bonds at lower interest rates, which increased the size of monetary funds and improved the debt structure of enterprises. Generally speaking, China has sufficient monetary funds, and the debt structure has been continuously optimized. at the same time, various debt indicators are maintained at a high-quality level, and a high-quality financial structure will contribute to the comprehensive development of enterprises.