Longfor Group (00960) announced its annual results for the period ending December 31, 2025. The group recorded revenue of 97.309 billion yuan and a profit attributable to owners of the company of 1.022 billion yuan. Basic earnings per share stood at 0.15 yuan. During 2025, the development business achieved a turnover of 70.54 billion yuan, with delivered property totaling a gross floor area of 5.925 million square meters. The average selling price per square meter for delivered properties was 11,904 yuan. Contracted sales for the year reached 63.16 billion yuan, covering a total sold area of 5.186 million square meters, at an average price of 12,179 yuan per square meter. Sales were distributed across regions as follows: Western China contributed 18.24 billion yuan (28.9%), Yangtze River Delta 17.17 billion yuan (27.2%), Bohai Rim 15.21 billion yuan (24.1%), Southern China 6.8 billion yuan (10.8%), and Central China 5.74 billion yuan (9.0%). As of December 31, 2025, the group had contracted sales that were sold but not yet settled amounting to 99.1 billion yuan, covering an area of approximately 8.06 million square meters. Longfor continues to deepen its presence in core first- and second-tier cities through its investment properties. The group’s operational business primarily includes commercial investment and asset management. The commercial investment segment follows a dual strategy of asset-light and asset-heavy approaches, steadily advancing a grid-based layout, with its main product line being the urban shopping center brand "Tiandi." The asset management business integrates six major segments: co-living apartments "Guanyu," vibrant street retail "Huansi," serviced apartments "Xiafei Mansion," industrial office spaces "Blue Ocean Engine," women and children’s hospital "Youyou Baobei," and health and elderly care "Chunshan Wanshu," offering diversified products and services to customers. Among these, "Guanyu," the co-living apartment brand, caters to the rental needs of the new generation and is currently operational in high-tier cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Hangzhou, Chongqing, Wuhan, and Nanjing. In 2025, the service business segment generated revenue of 12.58 billion yuan, a decrease of 1.3% compared to the previous year, with a gross profit margin of 28.3%. Property management services contributed 11.23 billion yuan in revenue. The smart construction business has expanded into key first- and second-tier cities including Beijing, Shanghai, Chengdu, Chongqing, Xi'an, and Hangzhou, maintaining a focus on high-quality development. Throughout the year, the group continued to enhance organizational and operational efficiency while prioritizing high-caliber talent. Administrative expenses accounted for 3.9% of the development business’s contracted sales and operational and service business revenue. To strengthen brand influence, sales and marketing expenses represented 3.4% of the same metric.