YUZHOU GROUP announced its 2024 performance, achieving revenue of approximately 9.716 billion yuan with ample land reserves

Zhitong
2025.03.31 08:39
portai
I'm PortAI, I can summarize articles.

YUZHOU GROUP announced its 2024 performance, with contract sales amounting to 7.953 billion yuan, achieving revenue of approximately 9.716 billion yuan and a gross profit of about 176 million yuan. Property sales revenue reached 9.226 billion yuan, with a total delivered property construction area of approximately 815,330 square meters. The group has deeply cultivated layouts in six major metropolitan areas: the Yangtze River Delta, Haixi, Bohai Rim, Greater Bay Area, Central China, and Southwest China, with a total land reserve available for sale of approximately 10.67 million square meters across 161 projects, with an average floor cost of about 5,965 yuan/square meter, sufficient to meet development needs for the next two to three years

According to the Zhitong Finance APP, Yuzhou Group (01628) announced its 2024 performance, with contracted sales amounting to RMB 7.953 billion, achieving revenue of approximately RMB 9.716 billion and a gross profit of about RMB 176 million. Property sales revenue reached RMB 9.226 billion, with a total delivered property construction area of approximately 815,330 square meters.

The group adheres to a regional deep cultivation expansion strategy, relying on the development principle of "entering a city and deeply cultivating it," focusing on the layout of six metropolitan areas: the Yangtze River Delta, the Haixi Economic Zone, the Bohai Rim, the Greater Bay Area, the Central China region, and the Southwest region. As of December 31, 2024, the group's total land reserve available for sale has a construction area of approximately 10.67 million square meters across 161 projects, distributed in 38 cities within the six metropolitan areas, with an average floor cost of approximately RMB 5,965 per square meter. The group believes that the land reserves currently held and managed are sufficient to meet the development needs of the group for the next two to three years

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.