KAISA GROUP (01638) released its 2025 Sustainability Report, detailing progress in governance, project delivery, balance-sheet repair and ESG performance for the year ended 31 December 2025.

Double-digit-billion debt restructuring • The offshore debt restructuring covering approximately US$8.60 billion became fully effective on 15 September 2025. • Coupon rates on new notes were cut to 5.00%–6.25%, and average maturities were extended by around five years, easing near-term repayment pressure and optimising the capital structure.

Delivery and operating milestones • Eighteen projects—totalling nearly 10,000 residential units—were delivered in core cities including Shenzhen, Guangzhou, Chengdu and Huizhou. • The culture and sports arm hosted more than 700 events; the commercial division arranged over 200 livestreaming promotions to stimulate local consumption.

Environmental performance • Scope-1 greenhouse-gas emissions: 11.75 tonnes CO₂e; Scope-2 emissions: 1,257.80 tonnes CO₂e. • Total energy consumption: 2,245.51 MWh, equivalent to 0.02 MWh per sq m. • Water consumption: 73,170.49 m³, or 0.52 m³ per sq m. • Hazardous waste generation: 0.016 tonnes; non-hazardous waste: 0.01 tonnes. • Eleven projects met green-building standards, with ten holding formal certifications. • Key pilot applications include sponge-city systems in Jiangmen Yuefeng Residence and sound-insulating mortar at Guangzhou Xiaoping Phase I.

Social contribution • Cumulative rural-revitalisation investment reached RMB350 million, supporting 93 infrastructure projects and 1,600 mu of modern agricultural bases. • During the year 1,980 employees completed about 11,450 volunteer hours. • Public-fitness venues provided more than 10,000 free hours of access, attracting 2.86 million person-visits.

Governance and compliance • The Board retains ultimate oversight of ESG matters, supported by a Sustainable Finance Working Group that screens qualifying green and social projects. • No incidents of non-compliance, data breaches, intellectual-property disputes or corruption cases were recorded in the reporting period.

Outlook Management signalled continued focus on prudent operations, cost control and climate-aligned project design as China’s real-estate sector transitions to a new development model under the 15th Five-Year Plan.