More than 900,000 sets! Country Garden and Sunac are the latest announcements

On the last day of 2023, a number of real estate companies announced their full-year delivery data. Among them, Country Garden has delivered more than 600,000 houses, and Sunac has completed the delivery of 310,000 units.

On the same day, data released by the China Index Research Institute showed that the sales of the top 100 real estate companies in 2023 fell by 17.3% year-on-year, and buyers' confidence is still being repaired.

Country Garden and Sunac announced the number of deliveries

On December 31, according to Country Garden's official WeChat public account, Mo Bin, President of Country Garden, released a New Year's speech. Mo Bin mentioned that Country Garden will deliver more than 600,000 houses in 2023, and the delivery volume is far ahead in the industry. In 2024, the delivery challenge will enter the "deep water area", and in the face of a large number of delivery tasks, the company must never relax its quality requirements.

Mo Bin said that the company has experienced unprecedented pressure and challenges in 2023. Looking back on 2023, Country Garden suspended land acquisition, actively reduced costs and increased efficiency, adjusted the company's structure in an orderly manner, focused on key positions, invested human resources in the core organization, made every effort to ensure operation, reduced non-operating expenses, reduced some employee benefits, and significantly reduced the salary of the group's senior executives.

According to Country Garden's announcement on December 12, combined with the actual operation of the industry and the company, the company's executive directors Yang Huiyan, Mo Bin, Yang Ziying, and non-executive director Chen Chong took the initiative to request a reduction in salary, and signed a supplementary agreement and supplementary appointment letter with the company on November 1, 2023, adjusting the latest annual salary as directors to 120,000 yuan, that is, a monthly salary of 10,000 yuan.

For sales, Country Garden announced on the Hong Kong Stock Exchange on December 6 that a total of about 6.11 billion yuan of contracted sales attributable to the company's shareholders' equity were realized in November, and the contracted sales construction area attributable to the company's shareholders' equity was about 580,000 square meters. According to the calculation of the previous announcement data, in the first 11 months of this year, Country Garden achieved equity sales of 167.4 billion yuan.

According to Sunac's official WeChat, Sunac will deliver 279 projects in 101 cities across the country in 2023. The company achieved a total delivery area of 35.87 million square meters and completed the delivery of 310,000 sets throughout the year.

In November this year, Sunac ushered in progress in debt restructuring, and its overseas debt restructuring plan was approved by creditors. The overseas debt of more than US$10 billion was mainly resolved through four methods: the issuance of new notes, mandatory convertible bonds, convertible bonds, and the replacement of Sunac service stocks, corresponding to debt sizes of about US$5.7 billion, US$2.75 billion, US$1 billion, and US$775 million, respectively.

On December 13 this year, Dong Jianguo, Vice Minister of the Ministry of Housing and Urban-Rural Development, pointed out at the 2023-2024 China Economic Annual Conference that real estate enterprises are generally a group company and a project company, and the group company and the project company are independent legal persons. "For example, a large real estate company defaulted on its debt in the first half of last year, but from January to November this year, the company still achieved nearly 80 billion yuan in sales revenue and completed debt restructuring. ”

According to Sunac China's announcement, as of the end of November this year, the cumulative contracted sales amount was about 79.28 billion yuan, a year-on-year decrease of about 50.79%, the cumulative contracted sales area was about 5.671 million square meters, and the average contracted sales price was about 13,980 yuan / square meter.

Sales of the top 100 real estate companies fell by more than 17% year-on-year

According to the data released by the China Index Institute on December 31, in 2023, the total sales of the top 100 real estate companies will be 6,279.10 billion yuan, a year-on-year decrease of 17.3%, of which the monthly sales of the top 100 real estate companies in December decreased by 35.9% year-on-year and increased by 20.8% month-on-month. The equity sales of the top 100 real estate enterprises were 4,346.84 billion yuan, with a market share of 34.5%, down 4.8 percentage points from the previous year, and the equity sales of 10 billion real estate enterprises were 4,486.20 billion yuan, with a market share of about 35.6%.

In 2023, the sales of real estate companies in all camps will decline. Among them, the average sales value of the top 10 real estate enterprises was 274.40 billion yuan, down 11.7% from the previous year; The average sales value of the top 11-30 real estate enterprises was 85.11 billion yuan, down 17.8% from the previous year; The average sales value of the TOP31-50 real estate enterprises was 42.06 billion yuan, down 19.0% from the previous year; The average sales volume of the TOP51-100 real estate enterprises was 19.83 billion yuan, a year-on-year decrease of 28.2%.

At the same time, in 2023, the number of enterprises in the camp of more than 10 billion yuan will decrease. Among them, there are 16 real estate companies with sales exceeding 100 billion yuan, a decrease of 4 over the same period last year, and 116 real estate companies with 10 billion yuan, a decrease of 14 over the same period last year.

In recent years, as the industry has entered a period of adjustment, more and more companies have stopped increasing sales targets and pursuing large-scale development, but have pursued more stable development by actively controlling sales scale. From the perspective of the completion rate of sales targets, in 2023, the average target completion rate of 9 real estate companies will be 98.5%, of which China Resources, Yuexiu Real Estate, Jianye Group, and Tiandiyuan will complete the annual targets.

Editor|Lu Xiangyong, Du Hengfeng

Proofreading|Chen Keming

The daily economic news is synthesized from Country Garden's official WeChat, Sunac official WeChat, China Securities Journal, and Jiemian News

National Business Daily