CCCC Real Estate: Net profit -569 million, down 774.76% year on year!

On August 31, China Communications Real Estate Co., Ltd. released its performance report for the first half of 2023. The

report shows that in the first half of 2023, the operating income of CCCC Real Estate was 8.763 billion yuan, down 29.57% year-on-year; the net profit attributable to shareholders of listed companies was -569 million yuan, down 774.76% year-on-year; As at the end of the reporting period, the total assets of CCCC Real Estate amounted to RMB141.112 billion, representing a year-on-year increase of 2.77%. The main business of CCCC

Real Estate is real estate development, operation and sales, while actively exploring and developing new businesses such as financing agent construction, characteristic towns, TOD urban complex, urban renewal, industrial real estate, logistics real estate and so on. The products of the Company are mainly designed to meet the rigid demand and improved housing demand, supplemented by commercial, apartment, industrial park, characteristic town, urban complex, etc. The products are based on the brand vision of "builder of better life" and the product concept of "product to beauty, beginning with appearance, and ending with experience", so as to create the characteristic product pedigree of CCCC Real Estate and form the competitive advantage of product strength + service strength. As the only A-share real estate listed company under China Communications Group, the company closely centers on the national strategy, gives full play to the holding advantages of the central enterprises, constantly optimizes and upgrades the development strategy, focuses on the main business, str engthens the specialty, deepens the reform, optimizes the management, constantly improves the brand value and brand power, and gradually builds up A diversified product system. The company's brand value and industry status have been significantly improved.