Summary by Moomoo AI
Yuexiu Properties announced on 8 January 2024 the unaudited sales data and land acquisitions for the year ended 31 December 2023. In December 2023, the company's contract sales amounted to approximately RMB91.1 billion, a decrease of 58.7% compared to the same period last year, and the sales area was approximately 39.70 million square meters, a decrease of 38.0% year-on-year. However, cumulative contract sales for the full year 2023 amounted to approximately RMB1,420.3 billion, up 13.6% year-on-year, and sales area of approximately 445.08 million square meters, up 7.5% year-on-year, exceeding the annual sales target of 107.6%. In the same month, Yuexiu Properties added six plots of land in the Mainland of China, namely Shanghai, Guangzhou, Hefei and Xi'an, with a total construction area of about 649,360 square meters and the total land price involved was approximately RMB103.85 billion. The Company reminds investors that the above unaudited information is for reference only and that future official financial statements may differ and investors should trade with caution and seek professional advice if necessary.