Seazen(SH:601155) Cai Jing Wang·2026-01-09 09:35Core Viewpoint - The company reported a decline in contract sales and sales area for December and the entire year of 2025, despite an increase in total commercial operating revenue for the same periods [1]. Group 1: Financial Performance - In December 2025, the company achieved total commercial operating revenue of approximately 1.238 billion, representing a year-on-year increase of 6.44% [1]. - For the full year 2025, the company accumulated total commercial operating revenue of approximately 14.09 billion, reflecting a year-on-year growth of 10.00% [1]. Group 2: Contract Sales - In December 2025, the company recorded a contract sales amount of approximately 1.354 billion, which is a year-on-year decrease of 57.80% [1]. - The sales area for December 2025 was approximately 184,300 square meters, down 51.34% compared to the same month last year [1]. - For the entire year 2025, the company accumulated contract sales amounting to approximately 19.27 billion, a decline of 52.03% year-on-year [1]. - The total contract sales area for the year was approximately 2.5358 million square meters, down 52.94% year-on-year [1]. Group 3: Debt Management - In the fourth quarter of 2025, the company repaid bonds in the domestic and international public markets totaling 3.788 billion [1]. - As of December 31, 2025, the company's equity interest in joint ventures had interest-bearing liabilities totaling 2.385 billion [1].