CHINA RES LAND (01109) releases annual performance with a net profit attributable to shareholders of 25.418 billion yuan, a decrease of 0.45% year-on-year.

CHINA RES LAND (01109) announced its financial results for the fiscal year ending December 31, 2024, with revenue of 2814.38 billion yuan (RMB), a year-on-year increase of 0.91%; net profit attributable to shareholders was 25.418 billion yuan, a year-on-year decrease of 0.45%; basic earnings per share were 3.56 yuan; proposed final dividend of 0.966 yuan per share. The announcement stated that the group's recurring business revenue and profit increased by 3.7% and 13.1% respectively year-on-year, with the proportion of recurring business profit increasing by 11.2 percentage points to 51.8% year-on-year. In 2025, the group achieved a contract value of 233.6 billion yuan, a decrease of 10.5% year-on-year, and a contract area of 9.22 million square meters, a decrease of 18.6% year-on-year. In 2025, the overall operation of the Chinese economy was stable and progressing steadily, showing strong resilience and vitality towards new and superior development. The real estate market showed signs of "stabilizing after the fall" amid deep adjustments, but still faced multiple pressures such as insufficient demand momentum and difficult destocking. In response to this situation, the group adhered to its strategic composure, intensified its efforts to promote transformation and innovation, actively seized policy opportunities, coordinated the efficient synergy of the "three growth curves," worked in the same direction, and maintained steady overall performance. In 2025, the revenue of the group's shopping centers was 21.92 billion yuan, a year-on-year increase of 13.3%, with an occupancy rate of 97.4%, an increase of 0.3 percentage points year-on-year. Driven by the strong performance of some flagship shopping centers, the overall valuation of the group's shopping center asset portfolio increased by 9.45 billion yuan, with a post-valuation total asset value of 240.35 billion yuan, accounting for 22.3% of the group's total assets. As of December 31, 2025, the total construction area of the group's shopping centers was 12.42 million square meters, an 8.4% year-on-year increase, with an equity construction area of 9.32 million square meters. During the period, six new shopping centers opened, increasing the total number of operating shopping centers to 98. There were no new office buildings put into operation during the period, with 23 operating office buildings maintained.