LONGFOR GROUP (00960) releases annual results with revenue of 97.309 billion yuan, achieving positive operating cash flow after covering capital expenditures for three consecutive years.

LONGFOR GROUP (00960) announced its performance for the year ended December 31, 2025. The Group achieved a revenue of 97.309 billion yuan (RMB, same unit below); the profit attributable to owners of the company was 1.022 billion yuan; and the basic earnings per share were 15 cents. In 2025, the Group's development business turnover was 70.54 billion yuan, and the total delivered property area was 5.925 million square meters. The turnover per unit price in 2025 was 11,904 yuan per square meter. In 2025, the Group's contracted sales amounted to 63.16 billion yuan, with a total sales area of 5.186 million square meters, and a sales price of 12,179 yuan per square meter. The contracted sales in the western region, Yangtze River Delta, Bohai Rim, South China and Central China regions were 18.24 billion yuan, 17.17 billion yuan, 15.21 billion yuan, 6.8 billion yuan, and 5.74 billion yuan, accounting for 28.9%, 27.2%, 24.1%, 10.8%, and 9.0% of the Group's contracted sales, respectively. As of December 31, 2025, the Group had sold but unsettled contracted sales of 99.1 billion yuan, with an area of approximately 8.06 million square meters. The Group continues to deepen its layout of owned properties in core cities across the country, with its main operational businesses including commercial investment and asset management. The commercial investment follows a strategy of equal emphasis on both light and heavy, steadily advancing its grid layout, with the main product line being urban shopping center, Tianjie. The asset management integrates six major businesses including long-term apartment "Guanyu", vibrant street area "Huansi", serviced apartment "Xiafei Mansion", industrial office "Blue Ocean Engine", maternal and child hospital "Youyou Baby", and health and elderly care "Chunshan Wanshu", providing customers with more diverse products and services. Among them, the long-term apartment "Guanyu" caters to the rental housing needs of the new generation, and has already opened and operated in high-tier cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Hangzhou, Chongqing, Wuhan, and Nanjing. In 2025, the Group's service business revenue was 12.58 billion yuan, a decrease of 1.3% from the previous year. The gross profit margin for service business was 28.3%. In 2025, the Group achieved a property service income of 11.23 billion yuan. The smart construction business has expanded to core cities such as Beijing, Shanghai, Chengdu, Chongqing, Xi'an, Hangzhou, among others, with a continued focus on deep cultivation to achieve high-quality development. In 2025, the Group continued to improve organizational and business efficiency, focusing on high-quality talents, with administrative expenses accounting for 3.9% of development business contracted sales, operational and service business revenue. In order to enhance brand influence, sales expenses accounted for 3.4% of development business contracted sales, operational and service business revenue.