Summary by Moomoo AI
HUA RUN LAND CO., LTD. ANNOUNCED ON JANUARY 10, 2024 THAT UNAUDITED OPERATING DATA FOR THE MONTH ENDED DECEMBER 31, 2023 SHOWED THAT THE COMPANY AND ITS SUBSIDIARIES ACHIEVED A TOTAL CONTRACT SALES AMOUNT OF APPROXIMATELY RMB 210.0 BILLION AND A TOTAL CONTRACT SALES AREA OF 1,012,831 SQUARE METERS, RESPECTIVELY BELOW THE SAME PERIOD LAST YEAR Down 57.6% and 62.5%. Equity contract sales and building area also declined 64.2% and 68.6%, respectively. However, cumulative contract sales for the full year 2023 increased by 1.9% compared to the previous year to RMB 3,070.3 billion, but the total contract sales building area decreased by 8.3%. Sales data for each of the company's regions are also disclosed. In addition, investment property rental income in December 2023 was RMB25.4 billion, up 39.8% year-on-year, and cumulative rental income reached RMB256.3 billion, up 39.4% year-on-year. The company emphasizes that these preliminary data come from internal management records, are subject to change and should not be treated as indicators of operating or financial performance. Investors should handle this information with caution and seek professional advice when needed.