On March 27, GLONGHUI | Zhongjun Group Holdings (01966.HK) announced that for the year ended December 31, 2023, revenue was approximately RMB 20.961 billion, a year-on-year decrease of 21.5%; loss attributable to parent company owners was approximately RMB 7.991 billion; profit attributable to parent company owners was approximately RMB 245.44 million during the same period last year; basic loss per share was RMB 189.2 cents.
In 2023, the real estate market is still bottoming out. The Group, together with its joint ventures and associated companies, achieved annual contract sales of approximately RMB 27.775 billion, with a contract sales area of about 2.29 million square meters, a year-on-year decrease of about 52.9% and 53.3%, respectively. The average price of property sales during the year was RMB 12,116 per square meter. In 2023, the Group, along with its joint ventures and joint ventures, had more than 90 projects on sale, distributed in more than 50 cities, mainly in the core areas of second-tier cities and third-tier and fourth-tier cities.