According to the Zhitong Finance App, Sunac China (01918) announced its 2023 results, with revenue of about RMB 154.23 billion, up about 59.4% year on year; gross loss of about RMB 2.5 billion, up about 204.9% year on year; loss attributable to company owners was about RMB 7.97 billion, down about 71.2% year on year; loss per share.
According to the announcement, the increase in gross loss was mainly due to an increase in property impairment provisions calculated by the Group this year. The narrowing of losses was due to the Group completing overseas debt restructuring in 2023 to obtain other business benefits
At the end of 2023, the group, together with its joint ventures and associated companies, had a total land reserve of about 154 million square meters (equity land reserve value is estimated to be about 102 million square meters), and the total land reserve value is estimated to be about RMB 1.7 trillion (equity land reserve value is estimated to be about RMB 1.13 trillion), of which unsold land reserves are about RMB 110 million (equity land reserves are estimated to be about RMB 0.73 trillion), and the value of unsold land reserves is about RMB 1.23 trillion (estimated value of equity land reserves is about RMB 0.81 trillion), sufficient high quality land The reserves are a solid foundation to support the Group's gradual return to normal operations.
In 2023, thanks to unremitting efforts, the group completed the delivery of about 310,000 housing units in 101 cities; in 2024, the group will continue to actively undertake the housing guarantee support policy, take multiple measures, and make every effort to achieve the delivery target of more than 200,000 households.