Zhi Tong Cai Jing·2025-10-24 08:48Group 1: Economic Environment - The Federal Reserve is expected to resume interest rate cuts in Q3 2025, amidst a complex global economic landscape [1] - China continues to implement targeted macro policies, leading to steady economic progress despite facing multiple internal and external risks [1] Group 2: Real Estate Market - The real estate sector remains in a downward phase, but measures taken by various cities to stabilize the market have led to a narrowing year-on-year decline in national commodity housing sales [1] - The trend of stabilizing and recovering the real estate market is ongoing [1] Group 3: Company Performance - The company reported a revenue of RMB 197.8 billion and an operating profit of RMB 10.3 billion for Q3 2025 [2] - For the first nine months of 2025, the company achieved a revenue of RMB 1,030 billion and an operating profit of RMB 131.5 billion [2] Group 4: Land Acquisition - In Q3 2025, the company acquired 9 new land parcels in five cities in mainland China, with a total construction area of 1.49 million square meters [1] - The total land price amounted to RMB 60.5 billion, with an equity land price of RMB 36.52 billion [1]