Zhongjun Group Holdings (01966) announced the results for the year ended December 31, 2023. The group's revenue was RMB...
According to the Zhitong Finance App, Zhongjun Group Holdings (01966) announced the results for the year ended December 31, 2023. The Group's revenue was RMB 20.961 billion (same unit), a year-on-year decrease of 21.51%; losses attributable to shareholders were RMB 7.991 billion, while profit of RMB 245.44 million was achieved in the same period last year; loss of 189.2 points per share.
The announcement stated that as we enter 2024, the Group's key work will continue to focus on “securing delivery, protecting cash flow, and securing operation.” “Guaranteed delivery” is the Group's biggest challenge and a key element of survival. The Group will work with partners to break through resource barriers, promote project construction, strengthen construction quality control, and ensure that properties are completed and delivered as scheduled. In terms of marketing, the Group still adheres to the “one plan, one policy”, formulates flexible sales strategies through sector competition in the market where each project is located, speeds up the pace of promotion of traffic projects, and increases the collection of housing sales. At the same time, the Group continues to take effective measures to mitigate the Group's phased liquidity problems, including actively promoting overseas debt restructuring, speeding up negotiations with banks and financial institutions on refinancing or rollover, promoting the sale of non-core assets, and streamlining the organizational structure and cost control.