China Merchants Land Ltd. released its interim financial results for the six months ended 30 June 2025. The company reported a loss after income tax expense of approximately RMB254.1 million, compared to a loss of RMB241.0 million in the same period of 2024. The loss attributable to the owners of the company decreased to approximately RMB230.9 million from RMB327.7 million in the corresponding period of the previous year. This improvement was mainly due to better performance in the real estate sales business segment, with projects in Nanjing and Chongqing achieving high gross margins. Additionally, the reclassification of a joint venture as a consolidated subsidiary resulted in fair value gains exceeding RMB400 million. The basic loss per share for this period was RMB4.71 cents, compared to RMB6.68 cents in the same period in 2024, marking a decrease of approximately 29.49%. In terms of strategic initiatives, the company focused on increasing cash reserves and optimizing asset structures to support sustainable development. The company's projects in Nanjing, Guangzhou, and Xi'an were recognized in CRIC's Top 10 Project Rankings for the first half of 2025, highlighting market recognition of the company's product capability. The company continues to align with national directives for high-quality development, maintaining stable operations under the strategic guidance of China Merchants Group.