CHINA RES LAND Reports 13.8% Drop in Contract Sales for First Three Months

Stock News
Apr 13

CHINA RES LAND (01109) announced that for the month ended March 31, 2026, the company and its subsidiaries achieved total contract sales of approximately RMB 22.42 billion, with a total contracted sales area of about 594,000 square meters. These figures represent year-on-year decreases of 14.1% and 34.5%, respectively. For the first three months of 2026, cumulative contract sales amounted to approximately RMB 44.12 billion, while the total contracted sales area reached about 1.249 million square meters, reflecting year-on-year declines of 13.8% and 36.9%, respectively.

In March 2026, the group's recurring income was approximately RMB 4.28 billion, marking a 7.0% increase compared to the same period last year. Within this, rental income from operational investment properties amounted to around RMB 2.85 billion, up 11.0% year-on-year. For the first three months of 2026, cumulative recurring income reached approximately RMB 13.33 billion, a 7.6% increase from the prior year. Rental income from operational investment properties totaled about RMB 9.16 billion during this period, rising 14.0% compared to the same period in 2025.

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