Group 1 - The core point of the article is that China Merchants Shekou Industrial Zone Holdings Company Limited reported preliminary operational data for the year ending December 31, 2025, indicating a total contract sales amount of approximately RMB 32.308 billion and a total signed sales area of about 1.2966 million square meters, resulting in an average selling price of approximately RMB 24,918 per square meter [2] - In the last quarter of 2025 (from October 1 to December 31), the company achieved contract sales of approximately RMB 6.646 billion and a sales area of 302,000 square meters, with an average selling price of about RMB 22,004 per square meter [2] - All data released are preliminary and unaudited, intended for investor and market reference, with final audited annual performance data to be confirmed in the company's subsequent official annual report [2]