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China Resources Landi

China Resources Land is a property development company and a unit of the state-owned conglomerate China Resources Group. It focuses on developing and managing residential and investment properties in major cities in mainland China, including in Beijing, Shanghai, Shenzhen and Wuhan.

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  • Revenue jumped 21 per cent in 2023 while net gearing and borrowing costs fell
  • China’s troubled property market is on track for a gradual return to stability despite the many challenges it still faces, company says
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CR Land posted a 30 per cent increase in net profit last year to HK$10.57 billion, after taking into account a HK$4 billion revaluation gain on investment properties.  

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