Zhi Tong Cai Jing·2026-03-13 10:56Core Viewpoint - China Resources Land (01109) reported a significant decline in total contract sales for February 2026, with a year-on-year decrease of 25.6% in sales amount and 50.9% in sales area [1] Group 1: Contract Sales Performance - For February 2026, the company achieved total contract sales of approximately RMB 10.5 billion, with a total sales area of about 287,000 square meters [1] - Cumulative contract sales for the first two months of 2026 amounted to approximately RMB 21.7 billion, with a total sales area of about 655,000 square meters, reflecting a year-on-year decrease of 13.5% and 38.9% respectively [1] Group 2: Recurring Revenue - The company's recurring revenue for February 2026 was approximately RMB 4.54 billion, representing a year-on-year growth of 7.1% [1] - Rental income from operational real estate for February 2026 was approximately RMB 3.19 billion, showing a year-on-year increase of 17.1% [1] - Cumulative recurring revenue for the first two months of 2026 reached approximately RMB 9.05 billion, with a year-on-year growth of 7.9%, and rental income from operational real estate was about RMB 6.30 billion, reflecting a year-on-year increase of 15.4% [1]