Core Viewpoint - Longfor Green Management (00106) is actively adjusting its sales and pre-sale activities to better respond to market demand, aiming to achieve contract sales, pre-sale volume, and amount within the latest budget while improving collection rates [1] Group 1 - The total signed amount (including entrusted management projects) from January to October 2025 reached RMB 5.4 billion [1] - As of the announcement date, the company's shares are suspended from trading, but this has not caused any significant adverse impact on the company's business operations [1] Group 2 - The company will continue to communicate with major builders and suppliers to reach mutually agreed payment arrangements, ensuring smooth pre-sales and timely completion of property developments [1] - The company will regularly review its existing business operations [1]

◎ 作者 / 沈晓玲、洪宇珩 核 心 观 点 【回款率维持较高水平，集团排名稳定前20强】 2024年中交地产实现销售金额156.43亿元，销售面积85.32万平方米，分别同比减少58.13%和52.51%， 销售权益相较于2023年降低了6个百分点至67.2%。实现销售回款247.07亿元，回款率达到了158%，继续保持着较高的水平。2024年中交房地产集团（剔 除绿城中国）实现整体销售额435.1亿元，位列全口径排行榜第20位，和2023年持平。 【土地储备质量相对较高，总土储近七成位于一二线城市】 截至2024年底，中交地产共拥有117个项目，总计容建面约为2263.2万平方米，其中在建及待 建面积771.37万平方米。在建及待建总土储69%位于二线城市，整体看来企业的土地储备质量相对较高。 【地产营收同比下降，主要由于计提减值所致】 2024年中交地产实现营业收入183.02亿元，同比减少44.59%，其中地产销售收入171.81亿元，同比减少 46.69%。整体毛利率约为7.59%，同比下降3.17个百分点。净利润亏损63.96亿元，归母净利润亏损51.79亿元，净利润的亏损一方面是由于交付项目的毛 ...