Summary by Moomoo AI
China Aoyuan Group Limited completed the restructuring of its overseas debt within the six months ending on June 30, 2024, significantly improving its market image. The Group continues to optimize costs and adjust its organizational structure to achieve normal operation. During the reporting period, the Group achieved approximately RMB 5.19 billion in property contract sales, with a contracted sales construction area of approximately 0.611 million square meters. The Group continues to focus on the core cities of the Guangdong-Hong Kong-Macao Greater Bay Area. As of June 30, 2024, the total reserved construction area of the Greater Bay Area is approximately 5.76 million square meters, of which approximately 4.33 million square meters is attributable construction area. In the future, the Group will fully utilize the opportunities and advantages after the restructuring, strengthen the integration and protection of internal and external resources, focus on efficient collaboration, and take various measures to increase revenue and reduce expenses, in order to accelerate the sustainable and stable development of the Group and continue to create value for shareholders, investors, and society.
