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2010 November Business Updates

2010 November Business Updates

Write: Kartik [2011-05-20]
During November 2010, contracted sales GFA amounted to approximately 17,300 square meters while contracted sales revenue totaled approximately RMB395million, representing decreases of 74% and 53% year-on-year respectively and representing month-on-month decreases of 74% and 54% respectively.
For the eleven months ended 30 November 2010, contracted sales GFA amounted to approximately 502,700 square meters while contracted sales revenue totaled RMB8,079 million, representing year-on-year decreases of 3% and increases of 36% respectively, and representing 93% and 102% of the Group s full-year targets of 540,000 square meters and RMB7,900 million respectively.
For the period from 1 January 2010 to 30November 2010, the Group s sales of GFA including contracted sales and preliminary sales (of which formal sale contracts are expected to be entered into soon)amounted to 520,400 square meters, representing 96% of this year s targets of 540,000 square meters. Related Revenuewas RMB8,296 million, 5% more than this year s targets of RMB7,900 million.
Yuexiu Property Company Limited
Yuexiu Property Company Limited (HKEx Stock Code: 00123) (the Company ) was listed in Hong Kong in 1992 and is one of the top 10 integrated property developers in Guangzhou with its businesses mainly concentrated in the Guangzhou area.
Disclaimer
The Company wishes to remind investors that the above operational statistics are based on the Group s internal records which are unaudited. Differences may arise between such statistics and the data disclosed in subsequent audited financial statements. Such statistics are provisional and for reference purposes only. Investors are cautioned not to rely unduly on such statistics.