On March 21, Ge Longhui | Poly Real Estate Group (00119.HK) announced that for the full year ended December 31, 2023, the Group's revenue was RMB 40.932 billion (2022: RMB 41,127 billion), a slight decrease of 0.5% from last year. Profit attributable to shareholders was RMB 1,445 million (2022: RMB 816 million), an increase of 77.0% over last year. Basic and diluted earnings per share were both RMB 37.81 points, up 74.2% year over year. The Board recommended a final dividend of HK8.3 cents per share.
In 2023, Real Estate Group's contract sales volume increased 7% year-on-year to RMB 53.6 billion, with a contract sales area of 2.252,000 square meters. The average contract sales price was RMB 23,805/square meter, of which the average contract sales price in the mainland market was RMB 21,996/square meter, an increase of 9% over the previous year. The number of projects with single-market contract sales exceeding RMB 1 billion reached 13, including Hong Kong Qianjing, Kunshan Poly Brilliant Garden, Shanghai Poly Mingyue Chenguang, Nanning Poly Lingxiu Qiancheng Phase II, Shanghai Poly Longyu, Jinan Poly Zhenyu, Ningbo Poly Lang Yue Xuzhang, Shenzhen Poly Longyu, Jinan Poly Tianxi Phase II, Jinan Poly Park Shangcheng, Kunshan Mingyue Jingchen Garden, and Jinan Poly Longyu.
In 2023, Real Estate Group obtained a total of 11 development projects located in Shanghai, Kunshan, Suzhou, Hangzhou, Guangzhou, Nanning and Jinan. During the year, land reserves were added for a total construction area of about 1.823 million square meters, and land costs remained at a reasonable level.