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PROSPECTS
2022 was a remarkable year with the ever-changing international situation, causing the global economic situation increasingly difficult. Despite that the business activities of the Group and the daily life of our staff had recovered to normal situation gradually as the comprehensively optimization of the domestic pandemic prevention and control measures in the PRC in the first half of 2023, the sales work of the Wuxi Property Project of the Group had been suppressed for a long time and still faces various challenges.
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Property business: In 2022, with the tightening of macroeconomic situation, the real estate industry still faced different adverse factors together with an unpromising market prospects. Under the impact of the pandemic, the sales progress of the Wuxi Property Project of the Group was relatively slow, while the completion acceptance work thereof was successfully finished in the year with the Group’s all-out efforts and the significant support from the partners, enabling this project to enter into a new stage of development. |
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Investment business: In the first half of 2023, the recovery of the global economy was sluggish as a result of the continuous turmoil of geopolitics and the increasing risk of global stagflation. Under a highly volatile financial environment, the Group was committed to exploring the investments with future trends and seeking valuable investment opportunities. During the year, the Group had established a subsidiary for the purpose of exploring the opportunities in the field of the autonomous driving technology and innovation. |
In the coming year, the Group will continue to uphold the development philosophy of prudence and practicality, strengthen its internal management, and optimize the asset structure. Amid to the severe global economic situation, the Group will promote its sustainable development with a high sense of responsibility and mission, and pursue better development opportunities.
We would like to thank all the Shareholders and all the employees of the Group for their efforts during the past pandemic period, as well as our partners and friends from all walks of life for their support and cooperation.
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