PDH(600048)2024-11-05 07:33Group 1: Land Acquisition and Market Strategy - The company's land acquisition scale in the first three quarters is significantly lower than any year in the past five years, with only half the intensity compared to the same period in previous years [1] - In Q3, the company expanded its land acquisition by 1.07 million square meters, with a total expansion amount of 28.9 billion yuan, ranking second in the industry for the period from January to October 2024 [2] - The company plans to closely monitor market dynamics and actively participate in land auctions based on actual conditions in Q4 [2] Group 2: Sales Performance and Market Conditions - Following the cancellation of purchase restrictions in Guangzhou, the company experienced good sales performance, with significant market recovery observed in October [2] - The real estate market policies introduced in October are expected to stabilize industry development, and the company will continue to drive sales through product innovation [3] - The company has acquired four new land parcels in Guangzhou since the end of September, with a total land price of nearly 18 billion yuan [3] Group 3: Financial Performance and Cash Flow - The company has reported a negative operating cash flow for the first three quarters of 2024, which is considered a temporary situation, while cash flow has been positive for the past six years [3] - The decline in net profit is attributed to the overall downturn in the industry, and the company aims to maintain strong adaptability to market fluctuations [3] Group 4: Quality Control and Customer Feedback - The company emphasizes product quality and adheres to internal management standards during development, actively addressing customer complaints [4] - A comprehensive quality control mechanism has been established, integrating internal and external professional standards to ensure project quality [5] - Customer feedback channels have been set up, allowing clients to communicate with service personnel promptly after purchase [5]