Since 2022, the warm wind in the real estate industry has been blowing frequently, and the recovery of the national property market in the first quarter of 2023 is particularly strong. However, it is a pity that Xincheng Holdings failed to catch up with this upsurge and obviously fell behind in the recovery of the real estate industry.
Although the real estate has picked up, it is a pity that Xincheng Holdings is still in a downturn and continues to face greater sales pressure. The net sales of Xincheng Holdings in the first quarter decreased by more than 30%, and the contracted sales area also decreased by more than 20%. The monthly sales area failed to exceed 1 10,000 square meters.
In this regard, Xincheng Holdings attributed the decline in performance to: on the one hand, due to the overall market environment, epidemic situation and structural changes of carried-over projects, the carry-over income and gross profit of real estate projects dropped significantly year-on-year; On the other hand, due to changes in market conditions, the provision for asset impairment increased year-on-year.
Xincheng holding business division
1, Xincheng Business
Integrate the whole industrial chain of commercial real estate, make concerted efforts of multiple formats, control all key links and terminal exports such as project expansion, planning and design, commercial real estate development, commercial real estate investment and operation, asset management, lead the upstream and downstream industrial chains and commercial chains, organically integrate brands, innovations and channels, and build a systematic and happy commercial ecological chain.
2. New Town Hotel Business
Xincheng Holdings has established a professional team consisting of more than 100 hotel developers and managers, forming a whole-process transaction and management system covering planning, design, construction and operation.
3. Housing maintenance center
In order to promote the rapid and efficient implementation of entrusted maintenance of the owner's exclusive parts during the warranty period and improve the customer service satisfaction after the project delivery. Xincheng Holdings has set up housing maintenance centers in various regions, which are responsible for the maintenance management during the housing warranty period and coordinate the handling of maintenance problems.
The above contents refer to Baidu Encyclopedia-Xincheng Holding Group Co., Ltd.