Agile Group (03383) announced its 2023 annual results, with a turnover of 43.31 billion yuan (RMB, same below...
According to the Zhitong Finance App, Agile Group (03383) announced annual results for 2023, with a turnover of 43.31 billion yuan (RMB, same below); loss attributable to shareholders of 13.801 billion yuan; and a basic loss of 2873 yuan per share.
In terms of diversified businesses, the Group's property management and others continue to exert synergy effects and provide the Group with steady revenue. During the year, the Group's property development confirmed sales revenue and diversified business revenue of 23.598 billion yuan and 19.712 billion yuan respectively, accounting for 54.5% and 45.5% of revenue respectively. Among them, the share of diversified business revenue increased 5.6 percentage points compared to last year, reflecting the continued results of the Group's “real estate-centered, multi-business collaborative development” operating model.
During the year, the total pre-sale amount of the Group, together with its joint ventures and associated companies and real estate projects managed by the Group and sold under the “Agile” brand, was 45.30 billion yuan, corresponding to a cumulative pre-sale floor area of 3,039 million square meters and an average pre-sale price of 14,904 yuan per square meter. During the year, the Group delivered more than 72,000 households in 60 cities and 120 projects including Haikou, Lingshui, Guangzhou, and Zhongshan.
As of December 31, 2023, the group has land reserves with an estimated total construction area of 33.35 million square meters in 79 cities and regions, with an average floor price of 3,030 yuan per square meter.
On December 31, 2023, the group's total loans decreased by 5.933 billion yuan compared to December 31, 2022. Total cash and bank deposits amounted to $12.553 billion. The net debt ratio was 65.8%.