Core Viewpoint - China Jinmao is committed to high-quality urban development and has achieved counter-cyclical growth during the real estate industry adjustment period, focusing on real estate development, premium holdings, quality services, and construction technology [1][2][3] Financial Performance - In 2024, China Jinmao reported revenue of 59.053 billion yuan and a net profit attributable to shareholders of 1.065 billion yuan, marking a 115% year-on-year increase [2] - The company achieved a contracted sales amount of 98.3 billion yuan, ranking 12th in the industry, with 90% of sales coming from first- and second-tier cities [2][3] - Management expenses, sales expenses, and financial expenses decreased by 25%, 23%, and 16% respectively, showcasing effective cost control [2] Business Strategy - The company emphasizes high-quality products and services while optimizing its business layout to create greater value for shareholders [3] - China Jinmao's subsidiary, Jinmao Services, reported revenue of 2.966 billion yuan, a 9.7% increase, with a net profit of 384 million yuan, reflecting strong internal collaboration [3] Product Innovation - The "Three Understandings and Six Environments" system is designed to enhance living quality by integrating technology into residential solutions, aligning with government goals for high-quality housing [6] - The "Jin Yu Man Tang" product line effectively meets diverse market demands, combining green technology with innovative design [7] Market Performance - In the first half of 2025, China Jinmao achieved a contracted sales amount of 53.347 billion yuan, a 19.77% year-on-year increase, with strong sales performance across various product series [9] - The company has established a significant presence in 15 major cities, with notable sales records in high-end residential projects [9] Sustainable Development - China Jinmao has improved its ESG governance and performance, receiving high ratings from various institutions, including MSCI ESG and GRESB [12][13] - The company has obtained 315 green building certifications, demonstrating its commitment to sustainable practices and community integration [12][13]

以"释放城市未来生命力"为己任，中国金茂对推动高质量城市发展的探索从未止步。中国金茂持续以产 品焕新、精准投资精益管理、组织优化等举措推动财务水平持续向好，实现业务并举；同时，双上市平 台筑基ESG管理水平不断提升，以稳健态势迈向高质量发展。 深处房地产行业调整期，对于房地产央企来说，中国金茂实现逆周期增长紧紧围绕地产开发、精品持 有、品质服务和建筑科技四类业务，以"绿色健康"和"智慧科技"驱动城市进化，成为品质城市引领者， 完整跨越周期的高质量发展。 穿越周期 高质量增长 在行业调整之下，如何保持盈利能力是企业发展的韧性所在。 在2024年中国房地产市场整体止跌回稳的大背景下，中国金茂（00817.HK）去年实现扭亏为盈。中国 金茂发布的2024年业绩报告，当期其收入为590.53亿元；本公司所有者应占溢利为10.65亿元，同比增长 115%。 实际上，逆势增长在中国金茂2024年的整体发展中已经得到印证，中国金茂发布的年度业绩报告令人眼 前一亮。财报数据显示， 中国金茂2024年实现签约销售额983亿元，行业排名上升至第12位；归母净利 润达10.65亿元，同比大幅增长115% 。 中国金茂旗下另一家重资 ...