YIDA CHINA (03639) announces the mid-term performance for 2024. The company's owners' share of the loss is approximately 360 million yuan, a year-on-year increase of 908.17%.

YIDA CHINA (03639) announced its mid-term performance for 2024, with revenue of RMB 667 million, a year-on-year decrease of 57.6%; gross profit of approximately RMB 189 million, a year-on-year decrease of 38.7%; net loss attributable to owners of the company of approximately RMB 360 million, a year-on-year expansion of 908.17%; basic loss per share of 13.94 cents. During the period, the group achieved contract sales amounting to RMB 432 million, with a contract sales area of 34,400 square meters and an average contract sales price of RMB 12,581 per square meter. The main sales projects were mostly located in Dalian, accounting for 73.4% of the contract sales amount; Zhengzhou accounted for 16.2%, and Chongqing accounted for 7.5%. The main type of business was residential property sales, accounting for 73.4% of the contract sales amount. During the period, property sales revenue was RMB 176 million, a year-on-year decrease of 80.2%, mainly due to fewer projects delivered during the period; the average sales price was RMB 14,622 per square meter, a year-on-year increase of 139.2%, mainly due to different products delivered during the period compared to the same period in 2023. The projects delivered during the period were mainly ordinary residential properties, with higher prices than the office properties delivered in the same period in 2023. The revenue projects were mainly located in cities such as Dalian, accounting for 91.8% of the revenue. As of June 30, 2024, the group's total land reserve construction area was approximately 6,276,000 square meters, with Dalian accounting for 75.7%. The group's share of equity land reserve construction area is approximately 5,743,000 square meters.