YUEXIU PROPERTY's annual net profit is RMB 55.062 million, a decrease of 94.7%, and no dividend will be distributed

YUEXIU PROPERTY (00123.HK) announced its full-year results for the year ended December last year, with revenue of RMB 86.457 billion, an increase of 0.1% year-on-year. Net profit was RMB 55.062 million, a decrease of 94.7% year-on-year; earnings per share were RMB 0.0137. No dividend was declared. However, the total dividend for the year was HKD 0.166 per share, accounting for approximately 231% of core net profit.

During the period, the cumulative contracted sales amount was approximately RMB 106.21 billion, a decrease of 7.3% year-on-year. The contracted sales amount in the core six cities for the year was approximately RMB 90.9 billion, accounting for about 85.6% of the group's total contracted sales amount.

In the year, 25 new land parcels were added in 9 cities, with a new land reserve of approximately 2.78 million square meters and an equity investment amount of approximately RMB 24.4 billion, focusing on investments in core cities, with the equity investment amount in the core six cities accounting for 96.3%. As of December 31 last year, the group's total land reserve was approximately 18.55 million square meters, with high-quality land resources, and the proportion of first and second-tier cities reached 94.4%.

As of the end of December last year, the group's cash and bank balances, time deposits, and other restricted deposits totaled approximately RMB 46.76 billion, with a net cash inflow from operating activities of approximately RMB 13.94 billion