Summary by Futu AI
YAGULU GROUP HOLDINGS LIMITED ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH A REVENUE OF RMB433.1 BILLION, DOWN 19.8% YEAR-ON-YEAR. Gross loss was RMB5.24 billion, net loss was RMB127.77 billion, and the Company's shareholders had a loss of RMB138.01 billion and a basic loss per share of RMB2,873. The pre-sale amount of property development is RMB453.0 billion, the pre-sale building area is 303.9 million square meters, and the average pre-sale price is RMB14,904 per square meter. The property management business had a revenue of RMB145.34 billion, total borrowings of RMB535.54 billion and total cash and bank deposits of RMB125.53 billion. The Board of Directors does not recommend the distribution of a final dividend. The Company complies with the Corporate Governance Code during the reporting period and does not purchase, sell or redeem any listed securities.