Cai Jing Wang·2025-11-13 07:35Core Insights - China Resources Land released its unaudited operational data for October 2025, showing significant declines in contract sales compared to the previous year [1] Group 1: Sales Performance - In October, the total contract sales amount reached approximately RMB 15.2 billion, representing a year-on-year decrease of 51.0% [1] - The total contract sales area for October was about 681,000 square meters, down 46.8% year-on-year [1] - For the cumulative period from January to October, the total contract sales amount was approximately RMB 169.6 billion, reflecting a year-on-year decrease of 16.6% [1] - The cumulative total contract sales area from January to October was around 6.41 million square meters, down 27.4% year-on-year [1] Group 2: Revenue Performance - In October, the company's recurring revenue was approximately RMB 4.33 billion, showing a year-on-year growth of 3.0% [1] - The rental income from operational real estate business in October was about RMB 2.94 billion, marking a year-on-year increase of 16.8% [1] - For the cumulative recurring revenue from January to October, the total was approximately RMB 41.48 billion, reflecting a year-on-year growth of 7.2% [1] - The rental income from operational real estate business for the same period was around RMB 27.1 billion, with a year-on-year increase of 13.0% [1]