Jinwu Financial News | China Overseas Development (00688) opened strongly. As of press release, it rose 3.79% to HK$12.6, with a turnover of HK$24.89 million.
According to the news, according to the announcement, in the first quarter of 2024, the Group, together with its associated companies and joint ventures, achieved contract property sales of RMB 60.21 billion, with a corresponding sales area of 2.02 million square meters. During the period, the Group added two new plots of land in two cities in mainland China, adding a total construction area of 140,000 square meters, and a total land price of RMB 1.6 billion.
For the three months ended March 31, 2024, the Group's revenue was RMB 36.50 billion, up 14.4% year on year, operating profit was RMB 6.65 billion, and operating profit after net profit and loss on exchange rose 22.2% year on year.