China Resources Land Reports 7.7% Growth in Cumulative Contract Sales for First Five Months

Stock News
06/12

China Resources Land Ltd (HKEX: 01109) has released its operational data. For the month ending May 31, 2026, the group achieved total contracted sales of approximately RMB 23.51 billion, representing a year-on-year increase of 28.1%. The total contracted sales area for the month was about 521,000 square meters, a decrease of 19.7% compared to the same period last year.

Looking at the cumulative figures for the first five months of 2026, total contracted sales amounted to roughly RMB 93.51 billion, marking a 7.7% growth year-on-year. The total contracted sales area for this period reached approximately 2.364 million square meters, reflecting a 26.6% decline compared to the previous year.

In May 2026, the group's recurring income was about RMB 4.44 billion, up 8.6% from the prior year. Within this, rental income from investment properties, which are operated for recurring revenue, contributed approximately RMB 3.00 billion, showing an 11.4% increase.

For the cumulative January to May period in 2026, total recurring income reached around RMB 22.01 billion, a rise of 7.7%. The rental income from investment properties for this five-month period was about RMB 15.00 billion, climbing 12.9% year-on-year.

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