Yuzhou Group (01628) announced its annual results for the year ended December 31, 2023. The group received revenue...
According to the Zhitong Finance App, Yuzhou Group (01628) announced its annual results for the year ended December 31, 2023. The group obtained revenue of RMB 21,477 billion (same unit), a year-on-year decrease of 19.67%; losses attributable to company owners were RMB 10.521 billion, a year-on-year decrease of 12.44%; and a loss of 165.05 points per share.
During the year, the Group's property sales revenue reached 20.996 billion yuan, accounting for 97.76% of the Group's total revenue. The total construction area of the delivered property is approximately 1,825,700 square meters. The average sales price of properties delivered and confirmed for sale in 2023 is $1,151 per square meter.
The Group's confirmed revenue from property sales was distributed regionally, including the Yangtze River Delta region, the Bohai Rim region, the Haixi Economic Zone, the Southwest China region, and the Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area), which contributed 42.36%, 27.89%, 9.67%, 7.96%, 6.97% and 5.15% of the confirmed amount, respectively. Among them, the Yangtze River Delta region is still the main contributor region. In the future, the Group will continue to adhere to the strategy of “deep regional cultivation”, optimize the development of key regions, and bring more sustainable revenue contributions to the Group.
As of December 31, 2023, the Group's total land reserves can be sold with a total sales area of about 11.91 million square meters. 163 projects are distributed in 38 cities in the six major metropolitan areas. The average floor cost is approximately RMB 6221 per square meter. The Group believes that the land reserves currently held and managed will be sufficient for the Group's development needs in the next two to three years.