Summary by Moomoo AI
China Overseas Development Limited's operational review, business performance, and financial results for the third quarter of 2024 show that the real estate company achieved a contract property sales volume of RMB 198.85 billion and a sales area of 7.63 million square meters in the first nine months. The third-quarter revenue was RMB 22.65 billion, with an operating profit of RMB 2.13 billion. By the end of September, the central government launched a series of economic and real estate stimulus policies. The group added six pieces of land in six mainland Chinese cities, with a total construction area of 0.73 million square meters and a total land price of RMB 7.39 billion. The company emphasized that despite the sluggish real estate market, it is confident in maintaining steady and sustainable high-quality development under the favorable policy environment. Investors should note that the information in this announcement has not been audited and should proceed with caution. The announcement was issued by Chairman and Executive Director Yan Jianguo on October 25, 2024.