Core Viewpoint - New City Development (01030) reported a contract sales amount of approximately RMB 1.354 billion in December 2025, with a total contract sales amount of approximately RMB 19.270 billion for the entire year [1] Group 1: Rental and Operational Income - The company has a total of 179 rental properties with a total construction area of approximately 16.524 million square meters as of December 2025 [1] - Rental income for December 2025 is approximately RMB 1.155 billion, while commercial operational income is approximately RMB 1.238 billion (including tax rental income) [1] - Cumulative rental income from January to December 2025 is approximately RMB 13.146 billion, and cumulative commercial operational income is approximately RMB 14.090 billion (including tax rental income) [1] Group 2: Contract Sales Performance - The contract sales area for December 2025 is approximately 184,300 square meters [1] - Cumulative contract sales area from January to December 2025 is approximately 2.5358 million square meters [1]

Group 1 - The company reported a contract sales amount of approximately RMB 1.419 billion in October 2025, with a contract sales area of about 191,500 square meters [1] - Cumulatively, from January to October 2025, the total contract sales amount reached approximately RMB 16.468 billion, with a total sales area of around 2,150,600 square meters [1] - In October 2025, the company had a total of 177 rental properties, with a total construction area of approximately 16.3002 million square meters [1] Group 2 - The rental income for October 2025 was approximately RMB 1.106 billion, while the commercial operating income was about RMB 1.186 billion (including tax rental income) [1] - From January to October 2025, the cumulative rental income amounted to approximately RMB 10.912 billion, and the cumulative commercial operating income was around RMB 11.696 billion (including tax rental income) [1]

Core Insights - New City Development (01030) reported a significant decline in contract sales for September 2025, with a total sales amount of approximately RMB 1.484 billion, representing a year-on-year decrease of 35.22% [1] - For the cumulative period from January to September 2025, the total contract sales amounted to approximately RMB 15.050 billion, reflecting a year-on-year decrease of 52.72% [1] - The total sales area for the same cumulative period was approximately 1.9591 million square meters [1] Rental Income and Property Management - As of September 2025, the company managed a total of 177 rental properties, with a total construction area of approximately 16.3002 million square meters [1] - The rental income for September 2025 was approximately RMB 1.094 billion, while the commercial operating income was approximately RMB 1.173 billion (including tax rental income) [1] - For the cumulative period from January to September 2025, the total rental income reached approximately RMB 9.807 billion, and the total commercial operating income was approximately RMB 10.511 billion (including tax rental income) [1]

Core Insights - The company reported a significant decline in contract sales for September 2025, with a total sales amount of approximately RMB 1.484 billion, representing a year-on-year decrease of 35.22% [1] - For the cumulative period from January to September 2025, the total contract sales amounted to approximately RMB 15.050 billion, reflecting a year-on-year decrease of 52.72% [1] - The total rental properties held by the company as of September 2025 numbered 177, with a total gross floor area of approximately 16.3002 million square meters [1] - Rental income for September 2025 was approximately RMB 1.094 billion, while commercial operating income was about RMB 1.173 billion, which includes tax [1] - Cumulative rental income from January to September 2025 reached approximately RMB 9.807 billion, with cumulative commercial operating income of about RMB 10.511 billion, also including tax [1]

Core Viewpoint - New City Development (01030) reported a significant decline in contract sales and rental income for July 2025 and the first seven months of the year, indicating challenges in the real estate market [1] Group 1: Contract Sales - In July 2025, the company achieved a contract sales amount of approximately RMB 1.661 billion, representing a year-on-year decrease of 52.37% [1] - From January to July 2025, the cumulative contract sales amount was approximately RMB 11.990 billion, down 55.66% year-on-year [1] - The total contract sales area for July 2025 was about 214,000 square meters, while the cumulative sales area from January to July 2025 was approximately 1.549 million square meters [1] Group 2: Rental Income - As of July 2025, the company had a total of 176 rental properties with a total construction area of approximately 16.225 million square meters [1] - The rental income for July 2025 was approximately RMB 1.115 billion, while the commercial operating income for the same month was about RMB 1.200 billion (including tax) [1] - For the first seven months of 2025, the cumulative rental income was approximately RMB 7.594 billion, and the cumulative commercial operating income was around RMB 8.144 billion (including tax) [1]