GREENTOWN CHINA Reports Q1 Total Contract Sales of Approximately RMB 38.6 Billion, Down 26.34% Year-on-Year

Stock News
Apr 09

GREENTOWN CHINA (03900) announced its sales results for the first three months of 2026. In March 2026, the Group's self-developed projects sold 2,840 units, with a sales area of approximately 420,000 square meters. The sales amount for the month was about RMB 15.1 billion, with an average selling price of around RMB 36,012 per square meter.

For the period from January to March 2026, GREENTOWN CHINA's self-developed projects achieved a total contract sales area of about 820,000 square meters and contract sales amounting to approximately RMB 25.6 billion. The equity portion attributable to the Group was roughly RMB 17.7 billion.

As of March 31, 2026, there was an additional cumulative amount of signed subscription agreements that had not yet been converted into sales contracts, totaling about RMB 3.1 billion. The equity portion attributable to the Group from these agreements was approximately RMB 2.2 billion.

In March 2026, the Group's project management business (acting as a development manager) achieved a sales area of around 380,000 square meters, with sales of about RMB 5.5 billion. For the first quarter of 2026, the project management business accumulated a sales area of approximately 940,000 square meters and sales amounting to roughly RMB 13.0 billion.

In summary, for the three months ended March 31, 2026, GREENTOWN CHINA achieved a total contract sales area of about 1.76 million square meters and total contract sales of approximately RMB 38.6 billion. This represents a year-on-year decrease of approximately 26.34%.

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