Zhi Tong Cai Jing·2025-09-12 13:50Core Viewpoint - China Resources Land (01109) reported a decline in total contract sales for August 2025, indicating challenges in the real estate market [1] Sales Performance - For the month ending August 31, 2025, the company achieved total contract sales of approximately RMB 13.2 billion, representing a year-on-year decrease of 13.2% [1] - The total contracted sales area for the same month was about 539,000 square meters, down 26.7% year-on-year [1] - Cumulatively, for the first eight months of 2025, total contract sales amounted to approximately RMB 136.8 billion, reflecting a year-on-year decline of 12.0% [1] - The total contracted sales area for the first eight months was around 5.12 million square meters, a decrease of 23.3% year-on-year [1] Recurring Revenue - In August 2025, the company's recurring income was approximately RMB 4.27 billion, showing a year-on-year growth of 6.8% [1] - The rental income from operational real estate business for the month was about RMB 2.84 billion, marking a year-on-year increase of 13.9% [1] - For the first eight months of 2025, cumulative recurring income reached approximately RMB 33.05 billion, up 7.7% year-on-year [1] - The rental income from operational real estate for the same period was around RMB 21.4 billion, reflecting a year-on-year growth of 12.4% [1]