Zhi Tong Cai Jing·2025-12-12 13:26Core Viewpoint - China Resources Land (01109) reported a decline in total contract sales for November 2025 and the first eleven months of 2025, indicating challenges in the real estate market [1] Group 1: Sales Performance - For November 2025, the company achieved total contract sales of approximately RMB 23 billion, representing a year-on-year decrease of 10.8% [1] - The total contract sales area for November 2025 was approximately 1.135 million square meters, down 5.6% year-on-year [1] - Cumulatively, for the first eleven months of 2025, the total contract sales amounted to approximately RMB 192.6 billion, reflecting a year-on-year decline of 15.9% [1] - The total contract sales area for the first eleven months of 2025 was approximately 7.545 million square meters, which is a decrease of 24.8% year-on-year [1] Group 2: Recurring Revenue - In November 2025, the company's recurring income was approximately RMB 4.38 billion, showing a year-on-year growth of 7.1% [1] - The rental income from operational real estate business for November 2025 was approximately RMB 2.84 billion, marking a year-on-year increase of 15.0% [1] - For the first eleven months of 2025, the cumulative recurring income was approximately RMB 45.86 billion, with a year-on-year growth of 7.2% [1] - The rental income from operational real estate business for the first eleven months of 2025 was approximately RMB 29.93 billion, reflecting a year-on-year increase of 13.2% [1]