---
title: "CREC disclosed its 2024 annual report, strategically focusing on light asset operations, with the layout of its property management business taking shape"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/235894644.md"
description: "CREC disclosed its 2024 annual report on April 14, showing that the company's operating income was 18.302 billion yuan. It is actively promoting business structure adjustment and strategic transformation, focusing on light asset operations. The property management business revenue was 728 million yuan, with a newly expanded area of 12.93 million square meters, and a managed area reaching 62.65 million square meters. The company completed a private placement of shares, raising 438 million yuan to optimize its capital structure and enhance financial resilience. In the future, it will deepen the \"transition from heavy to light\" strategy to promote high-quality development"
datetime: "2025-04-14T14:28:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/235894644.md)
  - [en](https://longbridge.com/en/news/235894644.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/235894644.md)
---

# CREC disclosed its 2024 annual report, strategically focusing on light asset operations, with the layout of its property management business taking shape

According to the Zhitong Finance APP, on April 14th, China Communications Construction Real Estate (000736.SZ) disclosed its 2024 annual report. During the reporting period, the company achieved operating revenue of 18.302 billion yuan, further advancing its business structure adjustment and strategic transformation.

During the reporting period, the company actively promoted the real estate business with a focus on "solidifying and slimming down," advancing inventory reduction through a "project-specific strategy," while strengthening the management of the entire project lifecycle and improving operational efficiency, actively adapting to changes in the policy environment. In addition, the company further focused on light asset businesses such as property services, asset management, and operations. In 2024, the company's property management business revenue was 728 million yuan, with a newly expanded area of 12.93 million square meters throughout the year, bringing the managed area to 62.65 million square meters.

In terms of capital operations, the company successfully completed a private placement of shares, raising 438 million yuan, effectively optimizing its capital structure and enhancing financial resilience. The company stated that in the future, under the unified deployment of China Communications Group, it will further deepen the "transition from heavy to light" strategy and promote the implementation of high-quality development paths

### Related Stocks

- [000736.CN](https://longbridge.com/en/quote/000736.CN.md)

## Related News & Research

- [ZAWYA: Al Habtoor Tower: Dubai's boldest residential project yet](https://longbridge.com/en/news/287051508.md)
- [ZAWYA: UAE developers accelerate shift to recurring income amid market uncertainty](https://longbridge.com/en/news/287012545.md)
- [14:47 ET6th Annual Midwest Design Awards Entry Period Now Open](https://longbridge.com/en/news/286808240.md)
- [08:57 ETCrunchCup Secures U.S. Utility Patent](https://longbridge.com/en/news/286917029.md)
- [DHS Real Estate Investment Management acquires Breda logistics property with Baltisse Real Estate](https://longbridge.com/en/news/287082740.md)