Sales Performance - In September, the company achieved a contracted sales area of 634,000 square meters and a contracted sales amount of 16.698 billion yuan [1] - For the first nine months of 2025, the cumulative contracted sales area reached 5.0867 million square meters, with a total contracted sales amount of 140.706 billion yuan [1] Project Acquisitions - In September, the company acquired a total of 5 projects, with a total investment of approximately 3.055 billion yuan [2][3] - Key projects include: - Hangzhou North Unit 23: Land area of 25,900 square meters, construction area of 64,600 square meters, payment of 863.18 million yuan, with a 51% equity ratio [3] - Xi'an Weiyang District project: Land area of 51,300 square meters, construction area of 117,900 square meters, payment of 738 million yuan, with a 100% equity ratio [3] - Nantong Binjiang South C09 West and East plots: Land areas of 74,200 and 75,000 square meters respectively, payments of 563.93 million yuan and 563.93 million yuan, both with a 41% equity ratio [3] - Nantong Innovation Zone Zilang Lake 88: Land area of 31,600 square meters, construction area of 32,000 square meters, payment of 331.70 million yuan, with a 62% equity ratio [3] Share Buyback - As of September 30, 2025, the company repurchased a total of 44,804,006 shares, accounting for 0.494% of the total share capital [4] - The highest transaction price was 10.78 yuan per share, and the lowest was 8.48 yuan per share, with a total expenditure of approximately 430.27 million yuan [4]