黑牡丹：2025年第三季度房地产经营情况简报

Core Viewpoint - Black Peony announced a significant increase in contract value despite a decrease in signed area for Q3 2025, indicating a potential shift in market dynamics or pricing strategies [2] Summary by Category Contract Area - The signed area for Q3 2025 was 26,700 square meters, representing a year-on-year decrease of 27.84% [2] - The equity signed area was 20,900 square meters, showing a smaller decline of 5.86% year-on-year [2] Contract Value - The total signed amount reached RMB 367.98 million, which is a year-on-year increase of 79.16% [2] - The equity signed amount was RMB 291.29 million, reflecting a substantial year-on-year increase of 109.59% [2]