Summary by Futu AI
China Overseas Development Limited's business review, operational performance, and financial results for the third quarter of 2024 show that the sales of contracted properties reached RMB 198.85 billion in the first nine months, with a sales area of 7.63 million square meters. The revenue for the third quarter was RMB 22.65 billion, with an operating profit of RMB 2.13 billion. By the end of September, the central government introduced a series of economic and real estate stimulus policies. The group acquired six new plots of land in six cities in mainland China, with a total construction area of 0.73 million square meters and a total land price of RMB 7.39 billion. The company emphasizes that despite the sluggish real estate market, it is confident in maintaining steady and sustainable high-quality development under favorable policies. Investors should note that the data in this announcement has not been audited and should act cautiously. The announcement was issued by Chairman and Executive Director Yan Jianguo on October 25, 2024.