Core ideas:

In 2020, Rongsheng Development achieved a sales performance of 127.1 billion yuan, exceeding the planned target, business income maintained steady growth, and profit margins declined. affected by the downward market, Rongsheng Development slowed down the pace of investment and refocused on advantageous cities. improve the profit and safety margin of the project, at the same time continue to increase financing, increase the proportion of long-term debt, and optimize the debt structure. The sales target of Rongsheng Development Plan in 2021 is 130 billion yuan, which is no longer pursuing the rapid expansion of scale, but mainly to stabilize the scale.