Zhi Tong Cai Jing·2025-11-12 10:07Core Viewpoint - China Resources Land (01109) reported a significant decline in contract sales for the first ten months of 2025, with a total contract sales amount of approximately RMB 169.6 billion, representing a year-on-year decrease of 16.6% [1] Sales Performance - For October 2025, the total contract sales amount was approximately RMB 15.2 billion, down 51.0% year-on-year, with a total sales area of about 681,000 square meters, a decrease of 46.8% [1] - Cumulatively, for the first ten months of 2025, the total contract sales area was approximately 6.41 million square meters, reflecting a year-on-year decrease of 27.4% [1] Recurring Revenue - In October 2025, the company's recurring income was approximately RMB 4.33 billion, showing a year-on-year growth of 3.0% [1] - The rental income from operational real estate for October 2025 was approximately RMB 2.94 billion, marking a year-on-year increase of 16.8% [1] - For the first ten months of 2025, the cumulative recurring income reached approximately RMB 41.48 billion, an increase of 7.2% year-on-year, with operational real estate rental income amounting to approximately RMB 27.1 billion, up 13.0% year-on-year [1]