SHUI ON LAND(HK:00272) Xin Lang Cai Jing·2025-12-10 05:20Group 1 - Ruian Real Estate (00272.HK) announced a related party transaction involving the sale of a property for approximately 30.5 million yuan [2][3] - The buyer is a family member of Ruian's executive director and CEO, Wang Ying, making this a related party transaction [3] - The property is located in Huangpu District, Shanghai, with a total construction area of about 78,000 square meters, developed into high-end residential apartments [3] Group 2 - The property has an unaudited net asset value of approximately 25.14 million yuan, and the transaction is expected to generate an unaudited profit of about 5.36 million yuan for the group [3][4] - The gross profit margin from the sale of this property is approximately 17.58% [4] - The proceeds from the transaction will be used for the company's general operating funds [4] Group 3 - The project, known as Cuihu Tiandi, has seen significant sales activity, with the sixth phase recently selling 108 luxury homes for a total of 11.979 billion yuan, setting a record for luxury home sales in China [5] - The average selling price for the sixth phase is 210,000 yuan per square meter, with total prices ranging from 75.71 million to 356 million yuan [5] - For the first half of 2025, Ruian reported revenues of 2.074 billion yuan, with a profit of 81 million yuan, reflecting a 56% decrease year-on-year [5][6]