Ge Long Hui·2025-10-24 09:08Core Viewpoint - China Overseas Development (00688.HK) reported strong sales and financial performance for the first nine months of 2025, indicating robust growth and a solid financial position [1] Sales Performance - The company, along with its joint ventures and associates, achieved a contract property sales amount of RMB 170.5 billion, with a corresponding sales area of 7.58 million square meters for the first nine months of 2025 [1] - In the third quarter of 2025, the company reported revenue of RMB 19.78 billion and an operating profit of RMB 1.03 billion [1] Land Acquisition - In the third quarter of 2025, the company acquired nine new land parcels across five cities in mainland China, with a total construction area of 1.49 million square meters and an equity construction area of 1.06 million square meters [1] - The total land cost amounted to RMB 60.5 billion, with an equity land cost of RMB 36.52 billion [1] Financial Health - For the nine months ending September 30, 2025, the company reported total revenue of RMB 103 billion and an operating profit of RMB 13.15 billion [1] - The company maintains a strong financial position with a net gearing ratio and financing costs at the lowest levels in the industry [1]