Aoyuan Successfully Accomplished 118% of Revised Full-year Sales Target in 2013，Total Sales Reached Over RMB10 billion with Robust Growth of 91% YoY
Date：2014-01-02
(2 January 2014 - Hong Kong) China Aoyuan Property Group Limited ("Aoyuan" or the "Company", together with its subsidiaries, the "Group"; Stock Code: 3883), one of the renowned property developers in China, is pleased to announce that the Group successfully accomplished approximately 118% of revised full-year contracted sales target of RMB8.5 billion in 2013, and the total contracted sales reached approximately RMB10.04 billion, representing a significant increase of approximately 91% when compared to 2012. The total contracted gross floor area (GFA) sold in 2013 was approximately 1,072,000 sq.m., up approximately 27% YoY; the corresponding average selling price was RMB9,364 per sq.m., up approximately 50% YoY; while commercial properties contributed to approximately 45% of the total contracted sales in 2013.
For the month of December 2013, Aoyuan achieved contracted sales of approximately RMB2.06 billion, up approximately 53% MoM, and up approximately 167% YoY. The contracted GFA sold in December 2012 was approximately 210,400 sq.m., and the corresponding average selling price was RMB9,811 per sq.m..
Management commented, "Aoyuan has achieved an encouraging result mainly due to the Group"s successful implementation of the product strategy of "developing commercial and residential properties in parallel". Commencing in 2013, the Group has stepped into a new rapid development stage. Moreover, a number of key commercial projects were successfully launched, including Aoyuan City Plaza, Aoyuan Beyond Era and Aoyuan Kangwei Plaza in Guangzhou, while establishing a solid foundation on the development of commercial properties. In 2013, the Group continued to expand and optimize the land bank through the acquisition of a total of 8 high-quality commercial and residential projects in Guangzhou, Chongqing, Foshan, Jiangmen, Yangjiang and Meizhou, among which 3 projects were gradually launched with excellent sales contributions, as a result of adhering to the development strategy of "rapid development and rapid sales". Likewise the new projects are expected to further boost the sales growth in 2014. Looking forward to 2014, the Group will continue to uphold the concept of "Building a Healthy Lifestyle" and develop more high value-added products in order to create brilliant results in return for shareholders."