智通财经网·2025-08-06 08:58Core Insights - China Overseas Development (00688) reported a contract property sales amount of approximately RMB 11.85 billion in July 2025, representing a year-on-year decline of 10.2% while the corresponding sales area increased by 20.8% to approximately 660,200 square meters [1] - From January to July 2025, the cumulative contract property sales amount reached approximately RMB 132 billion, with a year-on-year decrease of 18.3%, and the cumulative sales area was about 5.78 million square meters, down 3.4% year-on-year [1] - As of July 31, 2025, the company achieved recognized property sales of approximately RMB 7.21 billion, expected to convert into contract property sales in the coming months [1] Land Acquisition - In July 2025, the group acquired five land parcels in Shenzhen, Jinan, and Shanghai, with an equity construction area of approximately 511,500 square meters, and the corresponding land premium was about RMB 14.90 billion [1] - From January to July 2025, the total land area acquired by the group was approximately 3.08 million square meters, with a cumulative payable land premium of about RMB 55.01 billion [1] - In July 2025, China Overseas Hongyang Group acquired a land parcel in Baotou City, Inner Mongolia, with an equity construction area of approximately 156,900 square meters, and the land premium for this acquisition was about RMB 291 million [1]