Zhi Tong Cai Jing·2025-09-04 09:42Core Viewpoint - China Overseas Development (00688) reported a slight year-on-year decline in contract property sales amounting to approximately RMB 18.33 billion in August 2025, despite a significant increase in sales area by 27.7% to about 888,500 square meters [1] Sales Performance - For the period from January to August 2025, the cumulative contract property sales reached approximately RMB 150.33 billion, reflecting a year-on-year decrease of 16.5%, while the cumulative sales area was about 6.67 million square meters, showing a marginal decline of 0.2% [1] - As of August 31, 2025, the company secured recognized property sales of approximately RMB 5.36 billion, which is expected to convert into contract property sales in the coming months [1] Land Acquisition - In August 2025, the company and/or its subsidiaries did not acquire any land parcels [1] - Additionally, China Overseas Hongyang, along with its subsidiaries, acquired a land parcel in Huizhou, Guangdong Province, with a gross floor area of approximately 179,500 square meters, for a land premium of about RMB 622 million [1]