Greentown China's stock price fell sharply by 5.04% during intraday trading on Tuesday, following the release of its 2025 annual results which showed a dramatic decline in profitability.

The property developer reported a 95.6% plunge in profit attributable to shareholders to just RMB 71 million, compared to RMB 1.60 billion a year earlier. Revenue also declined by 2.3% to RMB 155 billion, while gross profit fell 8.7% with margin compression. The company cited ongoing market adjustments and significant asset impairments and credit-loss provisions totaling RMB 4.94 billion as key factors behind the profit collapse.

Adding to investor concerns, the board proposed no final dividend for 2025, compared to a RMB 0.30 dividend in 2024. While the company maintained solid liquidity with cash covering short-term debt 2.6 times, net gearing increased to 66.4% from 56.6% the previous year, reflecting the challenging operating environment in China's property sector.