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Investor Presentaiton

(RMB bn) 80 60 DA 调 Adhering to prudent financial management, Aoyuan recycles capital through rapid presales, achieving significantly improved operating cash flow while ensuring healthy cash flow 1H2021 Cash flow (Consolidated) 1H2021 Cash Collection (Gross) Cash flow and cash collection (RMB bn) 32.28 -7.02 -15.88 -4.25 -2.66 -4.39 -38.67 160 140 120 41.79 100 80 60 40 882° 20 70.03 10 70 -0.47 -2.44 68.32 SG&A Tax expenses 60 60 58.79 50 T 40 40 T 30 (as of 30 Jun) Ending cash balance Other cash outflow shareholders Payment to non-controlling Debt repayment Interest payment 67.58 20 20 10 0 87% Cash collected Contracted sales Note (1): As of 30 Jun 2021, the outstanding land premium was approx. RMB6.43bn which is expected to be fully paid within a year Construction expenses Land acquisition (1) domestic bonds issuance. proceeds from senior notes/ New bank borrowings and Operating cash flow (as of 1 Jan) Opening cash balance 15
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