Operator Caijing Chen Jing/Wen
Recently, China Olympic Park released its 2023 annual report to disclose its business situation in the past year. What is the specific situation?
In the opening chairman's report, Guo Ziwen talked with shareholders and investors, saying that in the face of a severe situation this year, the Group actively integrated resources to revitalize assets, focused on optimizing the organizational structure, reduced costs and increased efficiency, and strove to stabilize operations. The total property contract sales volume was about 13.712 billion yuan, and the contract sales area was about 1.304 million square meters.
While ensuring orderly operation, the Group made every effort to promote debt restructuring. Relying on the strong support of creditors, China Aoyuan successfully completed the debt restructuring process, and all the 12 domestic public debt instruments that the Group continued successfully passed the overall extension.
The annual report shows that the turnover of China Olympic Park mainly comes from the income from property development. Last year, the Group's total turnover was about 27.533 billion yuan, an increase of about 8.822 billion yuan, or 47.1%, compared with 2022.
In 2023, the Group's gross loss will be about 1.454 billion yuan, down 272.9% year on year, with a gross loss rate of 5.3%.
The loss attributable to the owners of the company is about 9.534 billion yuan, up 21.6% from 7.843 billion yuan in 2022.
During the reporting period, the total assets of the Group were about 199.371 billion yuan, and the total liabilities were about 227.455 billion yuan. The asset liability ratio rose again to 114.09%, a record high.
The operator Caijing noted that in 2023, the number of employees of China Olympic Park will be reduced by more than half, from 9002 employees in 2022 to 3998 employees, 5004 fewer. With so many fewer employees, the employment cost of the Group must also be reduced.
On the morning of May 10, Hong Kong's housing stocks continued to rise, with China Olympic Park rising more than 14%.
