$COUNTRY GARDEN(02007)$ Country Garden recorded CNY 357.5bn of attributable contracted sales in 2022 (-35.9% y/y), slightly outperforming the average sector decline of 54.4% y/y. However, in Q1-2023, the company attained CNY 71.9bn (-27.6% y/y) of attributable contracted sales, underperforming the top 100 developers’ Q1-2023 contracted sales growth of 3.1% y/y, according to China Real Estate Information Corp (CRIC). In 2022, revenue decreased 7% y/y to CNY 430.4bn, while gross profit was down 64.6% to CNY 32.9bn. Gross margin fell to 7.6% from 17.7% in 2021. EBITDA (excluding capitalised interest) decreased 79% y/y to CNY 13.2bn, while EBITDA margin (excluding capitalised interest) was 3.1% (versus 12% in 2021). Net profit attributable to s
Is it any wonder that only human intelligence that could generate such diversity of opinions about anything and AI is no exception? I doubt AI itself could generate (not replicate) such diversity of opinions. AI will never surpass HI. So, why fear when HI could exploit AI for the good of human kind. Perhaps my only fear is that HI might be lost because humans become too lazy to think.🤭