Binjiang Group: The Company Has Consistently Focused on Its Real Estate Core Business

Securities Star News, Binjiang Group (002244) responded to investor questions on the investor relations platform on March 10.

Investor: Hello, the company’s associated company HuiNeng Technology has signed a cooperation agreement with DangSheng Technology, involving the equity interests of related enterprises. As a shareholder of HuiNeng Technology, is the company considering participating to expand investment in solid-state battery new energy industry and support the company’s development pattern, which mainly focuses on real estate with new energy and biotech industries as auxiliary? Thank you!

Binjiang Group Secretary: Hello, the company has always focused on its core real estate business. For investments unrelated to real estate, the company is committed to effective post-investment management. Thank you!

Investor: Hello, over the past three years, the company has achieved hundreds of millions in pure profit, holding concepts like HuiNeng Technology’s solid-state batteries, Beijing Soft Robotics Technology Co., Ltd.'s robotics, and other related stocks. However, the stock price remains closely tied to the company’s net asset value per share, with limited dividends. The controlling shareholder is involved in poverty alleviation efforts. What are the company’s views and plans regarding returns to minority shareholders? Thank you!

Binjiang Group Secretary: Hello! As a capital-intensive industry, real estate requires the company to maintain cash reserves and operate actively, but it will also maintain a certain dividend payout ratio to reward shareholders. Thank you!

Investor: Hello, since the stock price is closely aligned with net asset value per share, what are the views of the company’s controlling shareholder on market value management and shareholder dividends? How does the controlling shareholder balance poverty alleviation and shareholder returns?

Binjiang Group Secretary: Hello, the controlling shareholder has always cared about and supported the company’s development, hoping to reward shareholders with good operational performance. Participating in rural revitalization is a positive social responsibility, which also helps enhance the company’s image and brand influence. Thank you.

Investor: Hello, the company’s main business is real estate development, with investments in new energy solid-state battery companies, biotech health companies, and robotics firms. It actively participates in poverty alleviation. The industries the company operates are all related to social stability and construction. In today’s turbulent external environment, shouldn’t the market value of companies with stability concepts be adjusted? Is the stock price closely tied to net asset value per share a sign of severe undervaluation? Thank you!

Binjiang Group Secretary: Hello, we will continue to improve, refine, and strengthen the company, promoting stable and sustained growth in company value and operating performance. Thank you!

Investor: In the current fierce land auction market in Hangzhou, the company either cannot acquire land or has to pay high prices. The land acquired at high prices is partly or even entirely handed over to partners to share risks. While this reduces operational risks and leverages each other’s strengths, it seems the company’s current operations are mainly safe, and future profit growth appears somewhat sluggish. Is that correct?

Binjiang Group Secretary: Hello, the company has always adhered to prudent management. Regarding land acquisition, we continue to focus on excellent cities and prime locations, acquiring quality projects in cooperation with outstanding partners. A strong land reserve also ensures sustainable future development. Thank you.

The above content is compiled from publicly available information by Securities Star, generated by AI algorithm (Network Information Backup 310104345710301240019), and does not constitute investment advice.