On the evening of January 4th, Country Garden (02007.HK) released unaudited operation data. In December 2023, the company realized a total contract sales amount of about 6.91 billion yuan attributable to shareholders’ equity of the company, with a contract sales floor area of about 680,000 square meters. In 2023, Country Garden realized an equity sales amount of 174.28 billion yuan.
According to Country Garden WeChat official account, in 2023, Country Garden has delivered more than 600,000 houses. At the monthly management meeting of Country Garden held on December 8, 2023, Yang Huiyan, Chairman of the Board of Directors, said that the delivery challenge will enter the deep water area in the next 12 months, and the delivery volume of Country Garden is expected to exceed 400,000 sets in 2024, and the number is still huge.
In addition to ensuring delivery, ensuring operation and ensuring credit is also an important task for Country Garden in 2024. At the meeting, the management of Country Garden stressed: First, it is necessary to grasp the key sales nodes in December, increase the removal of existing buildings, mobilize national marketing, strive to break through special revitalization and promote the return of cash. Second, we should pay close attention to the payment at the end of the year and do a good job in collecting overdue receivables at the end of the year. At the same time, it is necessary to plan the work of returning home during the Spring Festival in advance, and the returning areas should make full preparations in advance to prepare for a good start in supply and sales arrangements.
In addition to strengthening internal sales, Country Garden strives to avoid the default of domestic bonds.
On December 13th, 2023, Country Garden Real Estate Group Co., Ltd., the main domestic debt issuer under Country Garden, released the results of "22 Bidi 02" bondholders’ resale. During the resale registration period, the number of effective resale declarations for "22 Bidi 02" was 8 million, the amount of resale was 800 million yuan (excluding interest), the number of resale cancellations was 0, and the amount of resale cancellations was 0 yuan. After the cancellation of the repurchase, the number of remaining unsold bonds is 0. A source told The Paper that a symposium for investors of "22 Bidi 02" and its credit protection certificates was held recently, with the purpose of discussing with the participating institutions the relevant arrangements for the issuer’s debt repayment fund raising and risk mitigation. Relevant institutions jointly created credit protection certificates to provide credit protection for "22 Bidi 02" issued by Country Garden Real Estate Group Co., Ltd..
On December 14, 2023, Country Garden announced that on December 13, 2023, Country Garden, Wanda Commercial Management Group and Zhuhai Wanying entered into an agreement, and Jinyi Global Co., Ltd., an indirect wholly-owned subsidiary of Country Garden, conditionally agreed to sell to Zhuhai Wanying or the designated party of Wanda, while the designated party of Zhuhai Wanying or Wanda conditionally agreed to buy the target shares from Jinyi Global (equivalent to 1.79% of the equity of the target company) at a consideration of 306,000 yuan.