Guangdong Land Holdings Limited (Stock Code: 00124) Announces Significant Nine-Month Financial Results

Bulletin Express
2025/10/27

Guangdong Land Holdings Limited (Stock Code: 00124) reported a 66.4% year-on-year increase in revenue to approximately HK$6,728 million for the nine months ended 30 September 2025, primarily driven by expanded property sales. Gross profit rose to about HK$2,397 million, significantly increasing from HK$217.8 million in the same period of 2024.

Loss attributable to owners of the company narrowed to roughly HK$16 million, compared with HK$190.7 million in the corresponding period of 2024. Meanwhile, fair value losses on investment properties amounted to HK$132.16 million, up from HK$34.44 million a year earlier.

The results were influenced by multiple factors. Property sales from projects such as Guangzhou GDH Future City, Huizhou One Mansion, and Foshan Laurel House contributed to higher gross profit, especially from developments with higher margins. However, an inventory impairment provision of about HK$1,097 million was recognized amid the latest real estate market conditions, while additional fair value losses on investment properties also impacted the period’s figures.

As of 30 September 2025, total assets stood at around HK$35,400 million, and equity attributable to owners of the company reached approximately HK$3,594 million. Net asset value per share rose by 1.0% to HK$2.10. The group held completed properties for sale and properties for sale under development totaling about HK$21,658 million, with HK$6,510 million in sales already received but not yet recognized in revenue.

The data presented is based on the company’s internal records and management accounts and has not been audited or reviewed by an external auditor. Shareholders and potential investors are urged to exercise caution when interpreting the figures and to seek professional advice if needed.

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