China Real Estate Giant Country Garden announced that the company had a loss of 5.5 billion to 7.5 billion yuan last year (the same, 1.1 billion to 1.5 billion yuan).
Country Garden Holdings Co., Ltd. issued a profit warning on Monday (March 13) that the group expects that as of December 31, 2022, it may be recorded after the impact of changes in fair value, exchange net profit and loss, etc.The core net profit attributable to the company's shareholders is about 1 billion to 3 billion yuan and shareholders' losses of about 5.5 billion yuan to 7.5 billion yuan.
Country Garden said that the loss of losses was mainly due to the influence of the decline in the real estate market, and some low -gross profit projects were transferred, which led to a decline in the margin rate of moss in the real estate business;Foreign exchange fluctuations have caused the expected net loss.
Country Garden's board believes that the influencing factors of the above -mentioned profit are mostly non -cash.Although the industry faced severe challenges in 2022, the company still made every effort to pay the insurance delivery work. Together with the projects and other projects, it has delivered nearly 700,000 houses to the top of the industry.
The board of directors said that in the case of weak sales market, the group maintains a stable financial level and operating status around the core management goals of cash can be used, and the net debt ratio has maintained a low position for a long time.At the same time, the company's sales remained at the forefront of the industry, and the financing channels were smooth.In addition, the company has signed a strategic cooperation agreement with dozens of banks to obtain more than 300 billion yuan in comprehensive credit support.
The board of directors also said that looking forward to the future, real estate is still one of the pillar industries of the Chinese economy. The company must seize the opportunity of market repair, practice new development models, and continue to take the road of high quality development.Based on the technology construction system, the comprehensive competitiveness of the full cycle is continuously enhanced.The board of directors is confident in the development of the group.
