COUNTRY GARDEN (02007) released its performance for the year 2023, achieving an income of approximately 401 billion yuan. It has delivered over 600,000 sets of houses and a total delivery area of about 71.62 million square meters.

Country Garden (02007) released its financial performance for the year ending December 31, 2023. The group generated revenue of RMB 401.015 billion, with a net loss attributable to company shareholders of RMB 17.84 billion, resulting in a loss per share of RMB 6.49. The delivery of houses remains the company's top priority. As of December 31, 2023, the group achieved revenue of approximately RMB 401 billion, delivering over 600,000 units of housing with a total delivery area of approximately 71.62 million square meters in 31 provinces and 249 cities. As the delivery work enters a critical phase, the company adopts a strict operational strategy to fully utilize existing delivery resources, negotiate reasonable payment plans with contractors and suppliers, and ensure mutual agreement on project progress and settlement arrangements to ensure the smooth operation of projects. Additionally, the company actively responds to various support policies from the national and local governments, leveraging white lists, projects, idle land acquisition policies, etc., to strive for external support for the smooth progress of the delivery work. In terms of operations, the company is committed to maintaining the stability and sustainability of its operations and actively managing its balance sheet. In the past year, the group, along with its joint ventures and associates, achieved contracted sales amounting to approximately RMB 174.3 billion, corresponding to a contracted sales area of approximately 21.7 million square meters. On the operational side, the company adjusts its organizational structure to adapt to market changes, controls management expenses, and further reduces management expenses by approximately 20.1% compared to the same period last year, continuously improving operational efficiency. Furthermore, the company categorizes and manages inventory based on market conditions, actively explores market potentials, matches market demand with corresponding supply plans, stabilizes sales prices, maintains reasonable flow rates, and maximizes the value of development assets. Through these efforts, the company is confident in having adequate operating funds in the coming year. Regarding credit, the company attaches great importance to resisting debt risks, actively communicating and discussing various measures with relevant stakeholders including comprehensive restructuring of overseas debts, reasonable extension of debt maturities, and moderate decrease in financing costs. At the same time, the company responds to various financing policy calls and actively promotes more projects to be included in the white list, striving for more time and space for stable operation of projects, gradually achieving a long-term and sustainable capital structure. The country attaches great importance to the healthy and stable development of the real estate market. The expression "control new additions, optimize existing supply, and improve quality" in the recent political meeting also indicates that after this round of supply-side reforms, the market will have higher requirements for product competitiveness. To better adapt to market changes, the company is currently focusing on real estate development business as its core, actively exploring two new businesses of construction technology and entrusted construction management. On one hand, by continuously exploring smart construction solutions, the company aims to achieve the goal of integrating building safety, quality, environmental protection, and efficiency, gradually strengthening the cost control capabilities of its development business. On the other hand, through actively expanding its external entrusted construction management business, researching market demands, and continuously iterating products, the company assists in market analysis and product system improvement for its development business. Currently, the two new businesses are operating independently in the market, adapting to current market changes and continuously improving themselves, with the potential to work together with the development business in the future. The company believes that the synergistic development of "one core and two wings" can bring strong competitive advantages for its future.