绿地控股集团股份有限公司2025年第四季度房地产经营情况简报

Group 1: Real Estate Project Construction and Completion - In Q4 2025, the company commenced new projects covering 94,000 square meters, a decrease of 33.33% year-on-year; completed project registration area was 2.099 million square meters, down 50.39% year-on-year [2] - For the full year 2025, the company completed new construction area of 585,000 square meters, a decrease of 52.90% year-on-year; completed project registration area was 5.913 million square meters, down 45.10% year-on-year [2] Group 2: Real Estate Project Sales - In Q4 2025, the company achieved a contract sales area of 2.598 million square meters, an increase of 45.46% year-on-year; contract sales amount reached 20.459 billion yuan, up 30.58% year-on-year [3] - For the full year 2025, the company realized a contract sales area of 7.972 million square meters, an increase of 21.90% year-on-year; contract sales amount was 68.099 billion yuan, up 6.53% year-on-year [3] Group 3: Real Estate Project Reserve - In Q4 2025, the company had no new real estate projects [4] - For the full year 2025, the company added 3 new real estate projects with a land area of 116,400 square meters, of which the equity land area was 77,700 square meters; the planned construction area was 199,800 square meters, with an equity planned construction area of 105,200 square meters [4] Group 4: Real Estate Operations - As of the end of December 2025, the company had a rental property area of 4.0901 million square meters, with an occupancy rate of 81.56%; the hotel had 7,176 rooms with an occupancy rate of 45.81% [5] - In 2025, the company generated rental income of 1.27583 billion yuan from rental properties and operating income of 876.9852 million yuan from hotels [5] Group 5: Annual Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between -19 billion yuan and -16 billion yuan; the net profit after deducting non-recurring gains and losses is expected to be between -18.95 billion yuan and -15.9 billion yuan [9][11] - The previous year's net profit attributable to shareholders was -15.552 billion yuan, with a total profit of -15.890 billion yuan [13] Group 6: Reasons for Performance Loss - The anticipated loss for 2025 is attributed to several factors, including declining asset prices, increased promotional efforts, extended project development cycles, insufficient market demand, and a decrease in capitalized interest for real estate projects [15]