China Resources Land Limited Reports RMB18.35 Billion in Gross Contracted Sales for May 2025, Despite Yearly Decline

Reuters
06-12
China Resources Land Limited Reports RMB18.35 Billion in Gross Contracted Sales for May 2025, Despite Yearly Decline

China Resources Land Limited reported its unaudited operating figures for the month ended 31 May 2025, revealing a mixed performance across its business sectors. The Group achieved gross contracted sales of approximately RMB18.35 billion with a contracted gross floor area $(GFA)$ of approximately 0.649 million square meters. However, these figures represent a decline of 11.4% and 26.6% year-on-year (YoY), respectively. For the first five months of the year, the Group's gross contracted sales amounted to approximately RMB86.85 billion, with a contracted GFA of around 3.222 million square meters, marking a decrease of 6.3% and 19.0% YoY, respectively. In contrast, the Group's recurring revenue in May 2025 showed a positive trend, reaching approximately RMB4.09 billion, an increase of 6.2% YoY. Notably, the rental income from the investment property business surged by 13.0% YoY to RMB2.69 billion. The cumulative recurring revenue for the first five months of the year stood at approximately RMB20.44 billion, up 9.6% YoY, with the cumulative rental income from the investment property business amounting to RMB13.28 billion, an increase of 12.9% YoY. The preliminary figures are derived from internal management records and may differ from the audited financial statements to be published later. Investors are cautioned against placing undue reliance on this preliminary information.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Resources Land Limited published the original content used to generate this news brief on June 12, 2025, and is solely responsible for the information contained therein.

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