Glorious PPT H (00845) announced its mid-year performance in 2024, with sales revenue of RMB 2.327 billion, a year-on-year increase...
According to the Zhongtong Finance and Economics APP, Glorious PPT H (00845) announced its mid-term performance in 2024, with sales revenue of RMB 2.327 billion, a 382.5% year-on-year increase; the net loss attributable to owners of the company was RMB 0.617 billion, a 10.1% year-on-year decrease. The loss per share was RMB 0.08.
During this period, the group continued to intensify efforts to promote the inventory of parking garages and end-of-day housing sources in various locations, with the average selling price of the parking garages lower than that of the residential housing in the same project. Due to the fact that the vast majority of the properties sold and delivered during this period came from the residential properties of the Shanghai Shanghai Bay project, and their average selling price was much higher than all other projects of the group, the group's overall average confirmed selling price (excluding the internal decoration income) remained at a high level of RMB 57,945 per square meter, far higher than the RMB 13,776 per square meter in the same period of 2023.
In the first half of 2024, the group achieved a real estate contract sales amount of 0.381 billion, a 57.1% year-on-year decrease; realized contracted sales floor area of 19,472 square meters, a 63.2% year-on-year decrease. As of June 30, 2024, the group has obtained a total land reserve of 5.7 million square meters with land use right certificates or signed land acquisition contracts, with an average floor land cost of RMB 1,446 per square meter.