绿地控股集团股份有限公司 2025年第三季度基建业务经营情况简报

Core Viewpoint - The company is currently facing significant challenges in the real estate and infrastructure sectors, with a notable increase in litigation cases and a decline in project initiation and sales performance [8][11][15]. Group 1: Infrastructure Business Updates - In Q3 2025, the company reported new infrastructure projects, but specific details on the business and regional divisions were not disclosed [2]. - For the year-to-date (January to September 2025), the company also reported new infrastructure projects, with similar lack of detailed breakdown [2]. Group 2: Litigation Updates - From October 1 to 20, 2025, the company and its subsidiaries faced 1,344 new lawsuits, totaling 6.381 billion yuan [8][9]. - Of these, 1,278 cases involved the company as a defendant, amounting to 5.894 billion yuan, with the majority related to construction and real estate disputes [9]. - The company is actively addressing these legal challenges by forming specialized teams and enhancing oversight mechanisms to mitigate impacts on operations [11]. Group 3: Real Estate Business Performance - In Q3 2025, the company did not initiate any new real estate projects and reported a 31.18% decrease in completed project area compared to the same period last year [15]. - Year-to-date, the company completed 49.1 million square meters of new construction, a 55.44% decrease year-on-year, and 381.4 million square meters of completed projects, down 41.67% [15]. - Contract sales in Q3 2025 were 1.643 million square meters, a 7.96% decrease, with sales revenue of 13.745 billion yuan, down 16.30% [16]. Group 4: Real Estate Operations - As of September 2025, the company had a rental property area of 3.9413 million square meters with an occupancy rate of 84.87%, and hotel occupancy was at 45.64% [18]. - Rental income for the first nine months of 2025 was approximately 908.39 million yuan, while hotel operations generated about 669.63 million yuan [18].