SUNAC (01918) has announced its interim results for 2025, reporting revenue of approximately RMB 19.99 billion, representing a decline of about 41.7% compared to the same period last year. The company recorded a gross loss of approximately RMB 2.08 billion, with losses increasing by about 14.9% year-over-year. Net loss attributable to shareholders totaled approximately RMB 12.81 billion, showing a reduction in losses of about 14.4% compared to the previous year. Loss per share stood at RMB 1.26.
The company attributed the revenue decline primarily to reduced property sales income. Property sales revenue decreased by approximately 50.1% year-over-year to RMB 14 billion, while total property delivery area fell by about 39.1% year-over-year to 1.695 million square meters.
As of the end of June 2025, the group, together with its joint ventures and associates, maintained total land reserves of approximately 124 million square meters (with equity land reserves of about 86.24 million square meters). Of this total, unsold land reserves amounted to approximately 92 million square meters (with equity land reserves of about 63.06 million square meters). The company noted that these substantial land reserves provide a solid foundation to support the group's gradual return to normal operations in the future.
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