On April 24, Vantone Neo Development Group Co.Ltd(600246) (hereinafter referred to as ” Vantone Neo Development Group Co.Ltd(600246) “) released the results of the first quarter of 2022. According to the announcement, in the first quarter of this year, Vantone Neo Development Group Co.Ltd(600246) achieved an operating revenue of about 66.038 million yuan, a year-on-year decrease of 75.67%; The net profit attributable to the shareholders of the listed company was -369572 million yuan, a year-on-year decrease of 48.72%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was -457984 million yuan, a year-on-year decrease of 80.17%.
For the reasons for the decrease in revenue and net profit, Vantone Neo Development Group Co.Ltd(600246) said that it was mainly due to the strategic contraction of the company’s traditional real estate business, and the projects of its subsidiaries that reached the time point of carrying forward revenue in the first quarter of this year decreased compared with the same period last year.
In terms of real estate sales and leasing, in the first quarter of this year, Vantone Neo Development Group Co.Ltd(600246) real estate business achieved a total contract sales area of 125321 square meters and a total contract sales amount of 315551 million yuan; The total contracted rental area is about 117700 square meters, and the total contract rental income is 506882 million yuan.
It is worth mentioning that the announcement also disclosed that Vantone Neo Development Group Co.Ltd(600246) began transformation and upgrading in the first quarter of this year and carried out strategic contraction on the traditional real estate business, so there was no new land reserve, no new construction, construction in progress and completed area.
