CHINA RES LAND Reports 13.8% Drop in Contract Sales for First Three Months

Stock News
04/13

CHINA RES LAND (01109) announced that for the month ended March 31, 2026, the company and its subsidiaries achieved total contract sales of approximately RMB 22.42 billion, with a total contracted sales area of about 594,000 square meters. These figures represent year-on-year decreases of 14.1% and 34.5%, respectively. For the first three months of 2026, cumulative contract sales amounted to approximately RMB 44.12 billion, while the total contracted sales area reached about 1.249 million square meters, reflecting year-on-year declines of 13.8% and 36.9%, respectively.

In March 2026, the group's recurring income was approximately RMB 4.28 billion, marking a 7.0% increase compared to the same period last year. Within this, rental income from operational investment properties amounted to around RMB 2.85 billion, up 11.0% year-on-year. For the first three months of 2026, cumulative recurring income reached approximately RMB 13.33 billion, a 7.6% increase from the prior year. Rental income from operational investment properties totaled about RMB 9.16 billion during this period, rising 14.0% compared to the same period in 2025.

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