Yuexiu Property (00123) announced its mid-year financial performance with a gross profit of 5.063 billion yuan, representing a year-on-year increase of 4.45%.

YUEXIU PROPERTY (00123) released its mid-year performance for 2025, with operating income of 47.574 billion yuan (RMB), a year-on-year increase of 34.62%; gross profit of 5.063 billion yuan, a year-on-year increase of 4.45%; net profit attributable to equity holders of 1.37 billion yuan; basic earnings per share of 0.3403 yuan; proposing to distribute an interim dividend of 0.166 Hong Kong dollars per share. Contract sales rise against the trend, maintaining industry-leading position In the first half of 2025, the Group seized the opportunity of the market stabilizing at the bottom, implemented flexible and precise strategies, deepened the implementation of the "one strategy for each project" marketing strategy, accelerated inventory turnover, strengthened inventory clearance assessment mechanisms, fully implemented digital marketing, maintained a leading position in the market. According to the statistics of CRIC, the Group ranked among the top 8 in terms of sales amount in the first half of the year, ranking 2nd in Guangzhou, 1st in Beijing for the first time, and 6th in Shanghai. In the first half of 2025, the Group achieved contract sales (including sales of joint ventures and associated companies' projects) of approximately 61.5 billion yuan, a year-on-year increase of 11.0%, accounting for 51.0% of the full-year contract sales target of 120.5 billion yuan. Precise investment, high-quality expansion In the first half of 2025, the land market remained differentiated, and the Group focused on investing in core cities, adopted a precise investment strategy, acquired multiple high-quality land parcels, added 13 parcels of land in Beijing, Shanghai, Guangzhou, Hangzhou, Xi'an, and Foshan, with a total construction area of approximately 1.48 million square meters. The incremental investment effectively drove the optimization of performance structure, providing strong support for destocking and increasing efficiency. As of June 30, 2025, the Group had a total land reserve of approximately 20.43 million square meters, 94% of which were located in first-tier and second-tier cities. The quality of land reserves continued to improve, which could meet the needs of the Group's future sustainable development. Steady development of "big business" The Group continued to promote the strategy of "residential and commercial coexistence," enhance the operation capabilities of "big business," actively respond to market challenges, optimize leasing strategies and models. In the first half of 2025, the Group's direct commercial property leasing income was approximately 268 million yuan, and the YUEXIU Real Estate Investment Trust Fund, in which the Group held 40.61% of shares, achieved operating income of approximately 966 million yuan in the first half of the year, with an overall year-end rental rate (excluding hotel and apartment rental rates) of about 82%. The Group performed well in YUEXIU SERVICES Group Limited, in which it held 67.81% of shares, with steady growth in performance, continuous improvement in quality, and operating income of approximately 1.962 billion yuan in the first half of the year, managing an area of approximately 72.31 million square meters; revenue from health and wellness business grew, bed occupancy rate significantly improved, maintaining industry-leading position. Financial funds are stable and safe The Group's financial health and liquidity are sufficient and secure. As of June 30, 2025, the total amount of cash and bank balances, time deposits, time deposits, and other restricted deposits of the Group was approximately 44.64 billion yuan. The asset-liability ratio, excluding advance receipts, was 64.6%, net debt ratio was 53.2%, cash-to-short-term debt ratio was 1.7 times. The Group's "three red lines" indicators continued to meet the "green light" standards, and its financial indicators were healthy and safe. The Group continued to maintain a credit rating of BBB- from Fitch, with a stable outlook, and in August, it obtained a BBB- investment-grade credit rating from Standard & Poor's, with a stable outlook.