Summary by Moomoo AI
HUA RUN LAND CO., LTD. ANNOUNCED ON APRIL 10, 2024 THAT UNAUDITED OPERATING DATA FOR THE MONTH ENDED MARCH 31, 2024 SHOWED THAT THE COMPANY AND ITS SUBSIDIARIES ACHIEVED A TOTAL CONTRACT SALES AMOUNT OF APPROXIMATELY RMB301.1 BILLION AND A TOTAL CONTRACT SALES AREA OF APPROXIMATELY 1,255,982 SQUARE METERS, DOWN FROM THE SAME PERIOD LAST YEAR Decreased 22.4% and 26.9%. Equity contract sales and building area also declined 29.7% and 32.7%, respectively. Cumulative contract sales in 2024 amounted to about $507.2 billion, and total contract sales were approximately 2,242,807 square meters, down 35.8% and 33.8% year-on-year, respectively. However, the investment property segment of the company performed better, achieving rental income of approximately $22.9 billion in March 2024, an increase of 17.7%, and cumulative rental income of approximately $71.3 billion, an increase of 17.6% 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 be cautious when trading and should not rely on this unaudited information.