According to the latest financial report released by China Aoyuan (03883), in 2023, China Aoyuan achieved a total turnover of 27.533 billion yuan, an increase of 47.1%; achieved property contract sales of about 13.712 billion yuan, contract sales area of about 1.304 million square meters, and a sharp increase of 41.6% over the same period last year. As of December 31, 2023, the total construction area of Aoyuan Land Storage is about 6 million square meters, and the equity construction area is about 4.54 million square meters.
Against the backdrop of the real estate industry continuing to bottom out over the past year, China's Aoyuan has achieved remarkable results in various areas such as debt restructuring, property security, and operating income. It can be described as remarkable and not easy in the real estate industry.
Earlier, Aoyuan had just announced that all the conditions for overseas debt restructuring had been met and officially entered into force. With the successful completion of overseas debt restructuring, Aoyuan Finance's leverage reduction effect was remarkable, helping to greatly improve the company's net asset situation. Using the financial data disclosed in the announcement on December 31, 2023, to simulate the financial situation after the restructuring was completed. It is expected that Aoyuan's net assets will change from negative to positive.
Aoyuan also confirmed that the successful completion of the debt restructuring will effectively drive the company to secure the handover of buildings, as well as steady operation of project sales, construction, and financing. In the future, the company will continue to firmly establish confidence in long-term development, fully integrate resources to revitalize project construction and sales with a “low-key, pragmatic and rational” corporate culture management foundation, boost the confidence of all sectors, and accelerate the return to the right track of business towards a “small but beautiful” and “specialized” development position, and create more value for shareholders, investors and society.