GREENTOWN CHINA (03900) releases annual performance with a net profit attributable to shareholders of 70.98 million yuan, a decrease of 95.55% year-on-year.

GREENTOWN CHINA (03900) announced its performance for the year 2025, with a revenue of approximately RMB 154.966 billion and a decrease of 2.26% compared to the previous year. Shareholders' net profit is around RMB 709.89 million, decreasing by 95.55% year-on-year. Earnings per share is RMB 0.03. The announcement stated that the decrease in revenue and shareholders' net profit is mainly due to the continued adjustment period in the real estate market. The company actively promoted the clearance of long inventory to stimulate long-term development, leading to a decrease in the gross profit margin of revenue for the year 2025 and the performance of equity affiliate companies and joint ventures. In addition, the company recorded a net loss of RMB 4.921 billion (compared to RMB 4.917 billion in 2024) due to impairment of related assets and fair value changes in 2025, which further affected the shareholders' net profit. In 2025, the real estate market showed clear differentiation, and the company implemented targeted strategies with steady sales performance overall. Greentown Group accumulated a total contracted sales area of approximately 12.08 million square meters, with a total contracted sales amount of around RMB 251.9 billion, further ranking as the second in the nation compared to 2024. The self-owned projects accumulated a contracted sales area of around 4.66 million square meters, with a total contract sales amount of about RMB 153.4 billion, of which around RMB 104.3 billion belongs to Greentown Group. The ranking for self-owned and equity sales also rose to the fifth in the nation. The average sales price of self-owned projects remained at a relatively high level in the industry, at around RMB 32,924 per square meter. Built-to-sell and management projects accumulated a sales area of approximately 7.42 million square meters, with sales amounting to around RMB 98.5 billion.