On the evening of April 29, Huafa shares (600325. SH) has released its financial results for the first quarter of 2024. According to the announcement, in the first quarter of 2023, Huafa Co., Ltd. will achieve an operating income of 7.000 billion yuan and a net profit attributable to the parent company of 349 million yuan. In the context of continuous adjustment in the real estate industry, Huafa Co., Ltd. has continuously optimized the product system, and a number of projects have been reported frequently in the first quarter, and the operating performance has developed steadily.
As a listed company under the Zhuhai State-owned Assets Supervision and Administration Commission, HUAFA has always attached great importance to the protection of investors' rights and interests, and is committed to sharing the fruits of enterprise development with investors with stable cash dividends. According to the company's annual report, in 2023, it plans to pay a cash dividend of 3.70 yuan (tax included) to all shareholders for every 10 shares, with a dividend ratio of 55.4% and a dividend yield of about 6%. Since its listing in 2004, it has paid cash dividends of approximately RMB6.8 billion, continuing to provide stable investment returns for all shareholders.
Sales performance is in the forefront, and hot-selling projects are "blooming" in many places
According to the data of the sales list of China's real estate enterprises from January to March 2024 released by CRIC, the full-caliber sales amount of Huafa Co., Ltd. was 20.37 billion yuan, ranking 11th, ranking in the forefront of real estate enterprises, and the equity sales amount was 13.46 billion yuan, ranking 10th in the equity sales list. In the current increasingly fierce market competition, Huafa shares have once again been recognized by the market for its excellent product strength, which not only demonstrates the company's strong market influence, but also highlights its core advantages in the industry competition.
It is understood that in the first quarter of 2024, a number of projects of Huafa Co., Ltd. have achieved remarkable results, and there is good news.
In Qianhai, Shenzhen, Huafa's talent housing has set off a new property market boom. The third phase of Shenzhen Huafa New Town launched 572 residential units, with a total sales of 1.48 billion yuan, and the de-urbanization rate of the project in Yuejian Park was close to 88%. Up to now, the total sales of the project have been close to 8.5 billion yuan, whether it is the total sales, sales area or the number of units sold, Huafa shares are firmly in the first place in the Shenzhen talent housing market.
In Nanjing, the Jiahe Huafu project quickly became the focus of the market when it first opened in early March 2024. The project became the first place in the sales amount of residential projects in Nanjing in March, and at the same time, it also won the title of "triple crown" in the transaction value, transaction area and number of transaction units among residential projects in Jiangning District.
In Shanghai, the Huafa Offshore Duhui project achieved a 70% removal rate at its first opening in March, with more than 200 units sold and a total sales volume of 1.15 billion yuan, accounting for half of the sales performance of the Dongjing sector in Songjiang District in March.
In Xi'an, the Huafa Lijun Duhui Chengyang project will be grandly opened on March 3, 2024, with a removal rate of 96% on the first day and sales of more than 300 million yuan, firing the "first shot" of Xi'an's property market in 2024. It is worth noting that the opening of the second batch of the project once again set a new record, with a removal rate of 99% and sales of 196 million yuan, which has become a hot topic in the market.
In Chengdu, the sales performance of Huafa Jinjiang Upper Courtyard in the first quarter of 2024 exceeded 800 million, and the transaction volume exceeded 100 sets, winning the "triple crown" of Chengdu's stacked format sales amount, number of sales units and sales area in one fell swoop.
In Zhuhai, the performance of Huafa shares has been in the market. The sales of Hengqin Huafa Financial City Hengqin Seal Project reached 2.08 billion yuan in the first quarter of 2024 and 1.03 billion yuan in March, becoming the sales champion of Zhuhai.
Join hands with cutting-edge technology companies to launch the first AI smart home standard
On April 13, HUAFA Co., Ltd. launched the "New Generation of Good House Huafa Technology + Product System Technical Standard" for the first time in the real estate industry, and cooperated with leading enterprises such as Huawei, SF Express, EHang, etc., to integrate cutting-edge technologies such as HarmonyOS operating system and drone delivery into the construction of a new generation of residences, promoting the innovation and development of the housing industry in the AI era. It is worth noting that the five leading and exemplary technical standards, including surrounding, non-interference three-layer split-level super-large terrace and technology + drone delivery, technology + digital smart community and whole-house smart home, exclusive community pension, technology + green and low-carbon healthy life, technology + comfort and safety iterative design, lead a new round of changes in the industry with disruptive scientific and technological innovation.
It is understood that the newly unveiled "new generation of good house Huafa Technology + product system technical standards", with "digitalization, intelligence, greening, industrialization" four modernizations, digital smart community, smart drone service, exclusive community pension, smart home, green and low-carbon, quality and beauty ecological planning, science and technology Seiko building, healthy variable house type, high-quality hardcover, smart green garden, excellent + living facilities, high-quality property management and other twelve aspects as the weft, in the house design, construction technology, materials, intelligent systems, Dozens of subdivided scientific and technological fields such as communication and connectivity have achieved innovative breakthroughs.
On April 26, Huafa Co., Ltd. held a new generation of "science and technology +" new generation of good house launch conference in Zhuhai International Convention and Exhibition Center, and its "new generation of good house" projects such as Huafa Hengqin Xi, Huafa Wanxi No. 1, Huafa Tianluan, Huafa Four Seasons Yunshan, Huafa Jinwan Mansion and other "new generation of good houses" made a stunning appearance, which not only marks the phased results of Zhuhai's "digital, intelligent, green and industrialized" new residential products, but also marks the "good house" sought after by the country and the industry and the new quality productivity of real estate has a "Zhuhai model" that can be used as a reference.
The "three red lines" are firmly in the green file, and the investment and expansion focus on the core cities
In the first quarter of 2024, Huafa Co., Ltd. not only consolidated its sales foundation, but also ranked in the green with the asset-liability ratio, net debt ratio and cash short-term debt ratio after excluding advance receipts, continuously optimized the capital structure and debt structure, and maintained the company's consistent stable financial management style.
The stable financial situation has laid a solid foundation for the development of land reserves of Huafa shares. In 2023, 23 high-quality projects will be acquired through public auctions, strategic mergers and acquisitions, equity cooperation, etc., all of which are located in high-energy cities such as Shanghai, Hangzhou, Chengdu, Guangzhou, and Nanjing, and the land storage structure will be further optimized.
Entering 2024, Huafa Co., Ltd. still focuses on the layout of high-energy cities. In the first quarter, Huafa Co., Ltd. broke out of the encirclement from 12 real estate companies or consortia, and harvested the 17-01 and 21-01 plots of Gumei North Community, Qibao Town, Minhang District, in the first round of land auctions in Shanghai, which is the most popular land in this batch of land auctions in Shanghai, and will be compared with "Gumei Huating" and "Gumei Huafu" In Guangzhou, Huafa has invested in a 9-acre project in Pazhou West District, Haizhu District, which is located in the core central business district of Pazhou, Pazhou Plate, Haizhu District, with convenient transportation and complete supporting resources, which effectively consolidates the company's strategic layout in Guangzhou.
In the context of the uncertain market environment, HUAFA has won the trust of customers with its solid product strength and overcome the uncertainty of the market with its determined product advantages. Huafa Co., Ltd. will actively assume the responsibility of state-owned enterprises, continue to conduct in-depth exploration in the field of improving living experience and residential upgrading, help the real estate industry build a new model of high-quality development, and write a more brilliant new chapter of development.