Cai Jing Wang·2026-03-16 03:39Core Viewpoint - China Resources Land reported its unaudited operational data for February 2026, indicating a significant decline in contract sales while showing growth in recurring income [1] Group 1: Contract Sales Performance - In February, the total contract sales amounted to approximately RMB 100.5 billion, representing a year-on-year decrease of 25.6% [1] - The total contracted sales area for February was about 287,000 square meters, reflecting a year-on-year decline of 50.9% [1] - For the cumulative period of January to February, the total contract sales reached approximately RMB 217.0 billion, down 13.5% year-on-year [1] - The cumulative contracted sales area for the same period was around 655,000 square meters, showing a year-on-year decrease of 38.9% [1] Group 2: Recurring Income Performance - In February, the group's recurring income was approximately RMB 45.4 billion, marking a year-on-year growth of 7.1% [1] - The rental income from operational real estate business for February was about RMB 31.9 billion, which is a year-on-year increase of 17.1% [1] - For the cumulative recurring income from January to February, the total was approximately RMB 90.5 billion, reflecting a year-on-year growth of 7.9% [1] - The rental income from operational real estate business for the cumulative period was around RMB 63.0 billion, indicating a year-on-year increase of 15.4% [1]