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on august 27, china jinmao (00817.hk, hereinafter referred to as "the company" and "jinmao") released its 2024 interim results report and held a results briefing.

in the first half of 2024, china jinmao recorded contracted sales of 44.5 billion yuan, ranking 12th in the industry, up one place from the previous year, and firmly in the top15 camp; the core net profit attributable to the parent (excluding fair value gains of investment properties) increased significantly by 174% year-on-year. it was also disclosed that the company's cumulative collection in the first half of the year was 41.3 billion yuan, with a collection rate of 93%, maintaining a relatively high level in the industry. in the first half of the year, china jinmao further optimized its debt structure, maintained the "three red lines" in the green file, and the company's safety cushion continued to increase.

at the performance release conference, the management said that china jinmao's strategic direction of "one core and three focuses" and its positioning of insisting on quality improvement are highly consistent with the current needs of the country, market and industry. in 2024, the company will focus on high-quality development, continue to improve product strength and rapidly develop the second curve business of boutique holding, quality service and building technology; the market recognition achieved after product iteration in the first half of the year fully verified the significance of the company's strategic persistence and further strengthened the company's confidence in future development.

(china jinmao's performance press conference)

new product line performs well, average unit price of residential apartments is rmb 22,000/㎡