BEIJING N STAR (00588) announced its financial results for the first three quarters of 2025. The company recorded operating revenue of approximately RMB4.37 billion, representing a 7.7% year-on-year decrease. The net loss attributable to shareholders reached RMB2.17 billion, marking a 134% expansion compared to the same period last year. Basic loss per share stood at RMB0.65.

From January to September 2025, the company's real estate development segment showed no new land acquisitions, maintaining total land reserves of 3.57 million square meters, with equity land reserves at 3.33 million square meters. Construction activities included 1.09 million square meters of ongoing projects, with no new projects commenced and 27,400 square meters completed.

Sales performance indicated contracted sales area of 210,400 square meters (down 0.05% YoY), with equity sales area rising 1.20% to 193,800 square meters. Sales value declined 5.53% to RMB2.78 billion, while equity sales value decreased 5.33% to RMB2.56 billion. The company recognized revenue from delivered projects covering 174,400 square meters, totaling RMB1.95 billion, with remaining unrecognized contracted sales of 116,000 square meters as of the reporting period end.