On April 26th, SZ000031 released its 2023 annual report. According to the report, Dayue City signed a contract of 46.1 billion yuan in 2023, raising its sales ranking to 29th, up 4 places from last year. Comprehensive gross profit margin 26Playblockchain.47%, up 2.41 percentage points from 24.06% in the same period last year.PlayblockchainThe net profit was 121 million yuan, an increase of 2.344 billion yuan over the same period last year, and the net profit was-1.465 billion yuan, reducing the loss by 49.17% over the same period last year.

In the face of the complex and severe external environment, Dayue City built a solid basic market, achieved a sound operation, a number of core indicators against the trend growth, showing a good product and operational advantages, highlighting a strong ability to cross the cycle.

Financial indicators have been continuously optimized and profitability has been steadily improved.

In 2023, the real estate industry as a whole is under pressure. In the context of declining performance, low profits and large losses, Dayue City has shown its soundness and resilience.

By adhering to a sound financial management strategy and giving full play to the advantages of low-cost and multi-channel financing, Dayuecheng financial indicators continue to be optimized.

During the reporting period, the net cash flow of operating activities was 10.642 billion yuan, an increase of 292.61% over the same period last year, and the operating cash flow was good. In terms of capital management, Dayue City actively broadens financing channels, reduces financing costs, and improves debt repayment ability by strengthening centralized capital management, balancing capital liquidity and risk control; these measures effectively ensure the safety of the company's cash flow and provide a solid guarantee for the company's sound financial development.

In 2023, the financing channels of Dayue City are diversified and smooth, and the financing cost remains low in the industry. According to the financial report, in 2023, the average new borrowing cost of Dayue City was 3.72%, and the annual average financing cost was 4.61%, down 0.21 percentage points from 2022. It is worth noting that during the reporting period, Dayue City and its holding subsidiaries issued corporate bonds totaling 3 billion yuan, and the debt structure continued to be optimized.

Thanks to good financial and credit performance, China Integrity International Credit rating Co., Ltd. and China Securities Pengyuan Credit Evaluation Co., Ltd. maintained the company's AAA main credit rating during the reporting period.

The development business remains resilient, and the strength of the product brand is further highlighted.

According to the financial report, Dayue City achieved contracted sales of 46.1 billion yuan in 2023, down 19% from the same period last year, but this achievement is particularly remarkable in the context of a 35% year-on-year decline in the annual sales of TOP50 real estate enterprises across the country. At the same time, the sales ranking of Dayue City has also improved significantly, rising to 29th place, up 4 places from last year. The performance of the improvement against the market fully shows the strong market adaptability and leading market production power of Dayue City.

In 2023, Dayue City continues to improve its product strength and brand strength. In terms of product innovation, we will continue to deepen the upgrading of the new generation scene of Yue Department. In the process of household innovation and indoor hardcover scene construction, enterprise characteristics are gradually made through fine design, and Yuezhong is in Xi'an.