SHUI ON LAND(HK:00272) Xin Lang Cai Jing·2025-12-10 03:39Core Viewpoint - Ruian Real Estate (00272.HK) has announced a related party transaction involving the sale of a property for approximately 30.5 million yuan, with the buyer being a family member of the company's executive director and CEO, Wang Ying [1] Group 1: Transaction Details - The property is located at 118 Huaihai Middle Road, Huangpu District, Shanghai, and is part of the Taipingqiao project, developed into high-end residential apartments with a total construction area of approximately 78,000 square meters [1] - The property has an unaudited net asset value of approximately 25.14 million yuan, and the company expects to recognize an unaudited gain of about 5.36 million yuan from the transaction [1] - The gross profit margin from the sale of this property is approximately 17.58% [2] Group 2: Market Context - The project, known as Cuihu Tiandi, has seen significant sales activity, with the fifth phase recently selling a high-floor unit at approximately 300,000 yuan per square meter [2] - On September 27, 2024, the sixth phase of Cuihu Tiandi launched, selling 108 luxury homes and generating total revenue of 11.979 billion yuan, setting a record for billion-level luxury home sales in a single day in China [3] - The average selling price for the sixth phase was 210,000 yuan per square meter, with total prices ranging from 75.71 million to 356 million yuan, averaging around 111 million yuan per unit [3] Group 3: Financial Performance - For the first half of 2025, Ruian recorded revenue of 2.074 billion yuan, unchanged year-on-year, while profit decreased by 56% to 81 million yuan [3] - The core profit, excluding the impact of fair value impairment of investment properties, increased by 144% year-on-year to 263 million yuan [3] - The company reported a contract sales amount of 3.473 billion yuan for the first half of the year, a 457% increase compared to the same period last year, primarily driven by the pre-sale of nine row houses in the Cuihu Tiandi project [3] Group 4: Future Projects - In the second half of 2025, Ruian plans to sell and pre-sell projects including the Cuihu Tiandi sixth phase villas, Cuihu Riverside, and three residential projects in Wuhan, with a total construction area of approximately 131,000 square meters [4]