Zhi Tong Cai Jing·2025-10-10 09:18Core Viewpoint - China Overseas Development (00688) reported a year-on-year increase in contract property sales amounting to approximately RMB 201.73 billion for September 2025, while the corresponding sales area decreased by 3.7% to about 914,000 square meters [1] Group 1: Sales Performance - For the period from January to September 2025, the cumulative contract property sales amounted to approximately RMB 1,705.04 billion, reflecting a year-on-year decline of 14.3%, while the cumulative sales area was about 7,582,400 square meters, down by 0.6% [1] - As of September 30, 2025, the company achieved recognized property sales of approximately RMB 31.19 billion, which is expected to convert into contract property sales in the coming months [1] Group 2: Land Acquisition - In September 2025, the company, along with its subsidiaries, acquired four new land parcels in Shanghai, Qingdao, and Shenyang, with an equity gross floor area of approximately 554,400 square meters and an equity land cost of about RMB 216.27 billion [1] - From January to September 2025, the cumulative equity gross floor area of newly acquired land by the group was approximately 3,633,700 square meters, with a cumulative equity land cost of about RMB 766.34 billion [1] - In September 2025, China Overseas Hongyang, along with its subsidiaries, acquired two land parcels in Tangshan, Hebei Province, with an equity gross floor area of approximately 182,900 square meters and an equity land cost of about RMB 90.9 million [1]