China Resources Land (01109.HK) disclosed its June and first-half 2025 operational results, revealing a notable contraction in property sales. The group's total contracted sales for June reached approximately RMB23.45 billion, accompanied by contracted sales area of 897,000 square meters. These figures represent year-on-year declines of 26.7% and 27.1%, respectively.
During the January-June period, cumulative contracted sales amounted to RMB110.30 billion, while total sales area stood at 4.119 million square meters. Both metrics registered significant year-on-year decreases of 11.6% and 21.0%.
Conversely, the company's recurring income stream demonstrated resilience. June recurring income remained stable at RMB4.16 billion compared with the same period last year. Within this segment, rental income from commercial properties climbed 8.6% year-on-year to RMB2.59 billion.
The six-month recurring income totaled RMB24.60 billion, marking an 8.0% increase from the previous year. Commercial property rental revenue during this period surged 12.1% year-on-year to RMB15.87 billion, highlighting robust performance in the group's recurring income portfolio despite the broader sales downturn.
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