RESUMPTION OF TRADING
2020 ANNUAL RESULTS HIGHLIGHTS
Achieved contracted sales for the year ended December 31, 2020 (the "Reporting Period") of RMB18,532.2 million with corresponding gross floor area ("GFA") of approximately 1,014,003 sq.m.;
Revenue for the Reporting Period was RMB5,768.9 million, of which the revenue from property development was RMB5,016.8 million;
Gross profit for the Reporting Period was RMB1,045.5 million;
Profit for the year, excluding the one-off loss on disposal of the eight real estate project companies, was approximately RMB255.7 million;
Land reserves reached a total GFA of 9,598,769 sq.m. and the average cost of land reserves was RMB3,831.5 per sq.m. for the Reporting Period;