CHINANEWTOWN Reports RMB 3.82 Billion Urbanization Fixed-Income Portfolio with 7.1% Annual Yield

Bulletin Express
Apr 08

China New Town Development Company Limited (CHINANEWTOWN) disclosed that, as at 31 March 2026, its urbanization fixed-income investment portfolio stood at RMB 3.82 billion after deducting impairment provisions on risky projects. The remaining assets carry contractually guaranteed pre-tax returns of approximately RMB 0.27 billion per year, implying an average annualized yield of about 7.1%.

Relative to the 31 December 2025 position, the Group expanded its portfolio through several new allocations, including the Yancheng Fengyifu Senior Care Community Project, Wenzhou Lucheng District Fixed-Income Project Phase II, and Yangzhou Yizheng Fixed-Income Project. In addition, CHINANEWTOWN injected a further RMB 0.10 billion into the existing Yangzhou Guangling Food Industrial Park Fixed-Income Project.

During the quarter, the Company exited the Liyang High-tech District Intelligent Internet Vehicle Test Center Project and the Yangzhou Hanjiang Industrial Upgrading Project, recovering a cumulative principal of RMB 0.89 billion and realising all related guaranteed investment gains.

Management reiterated its commitment to provide shareholders with quarterly voluntary updates on the progress of the urbanization fixed-income investment business.

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