According to the Zhitong Finance App, Zhongliang Holdings (02772) announced results for the year ended December 31, 2023, with total revenue of about 66.62 billion yuan (RMB, same below), an increase of about 69.4% year over year; loss attributable to parent company owners was 4.25 billion yuan, an increase of 215.3% year on year; basic loss per share was 1.22 yuan.
In 2023, the Group achieved annual contract sales (including group subsidiaries, joint ventures and associated companies) of approximately RMB 34.13 billion, a year-on-year decrease of approximately 48%. The Group (together with its joint ventures and associated companies) has delivered more than 100,000 property units.
As of December 31, 2023, the Group, together with its joint ventures and joint ventures, had a total land reserve of about 29.7 million square meters (including sold construction area), covering the five major economic zones in the country.
Furthermore, the overall solution for foreign debt officially came into effect on March 20, 2024.