GREENTOWN CHINA (03900) announced its 2025 annual results. Revenue was approximately RMB 154.966 billion, a decrease of 2.26% year-on-year. Profit attributable to shareholders was approximately RMB 70.989 million, a significant decrease of 95.55% compared to the previous year. Earnings per share were RMB 0.03.
The company stated that the decline in both revenue and profit was primarily due to the ongoing adjustment period in the real estate market. Furthermore, to promote long-term development, the company continued to actively reduce its long-term inventory, which led to a decrease in the gross profit margin on revenue recognized in 2025 and a reduction in the share of results from joint ventures and associates.
Additionally, the company recognized net impairment and fair value losses on related assets amounting to RMB 4.921 billion in 2025 (2024: RMB 4.917 billion), which further impacted the profit attributable to shareholders.
In 2025, the real estate market exhibited significant divergence. The company implemented precise strategies, achieving steady and progressive overall sales performance. The Greentown Group secured total contracted sales area of approximately 12.08 million square meters, with total contracted sales value reaching approximately RMB 251.9 billion, rising to the second position nationally compared to 2024.
Self-invested projects achieved a cumulative contracted sales area of approximately 4.66 million square meters, with a contracted sales value of approximately RMB 153.4 billion. The equity amount attributable to Greentown Group was approximately RMB 104.3 billion. The rankings for both self-invested sales and equity sales improved to fifth place nationally.
The average selling price for self-invested projects remained at a relatively high level within the industry, at approximately RMB 32,924 per square meter. Project management and construction projects achieved a cumulative sales area of approximately 7.42 million square meters, with sales value amounting to approximately RMB 98.5 billion.