Changes in Hong Kong stocks | Greentown Management Holdings (09979) rose more than 4% in the afternoon. The estimated construction cost for the 2025 Xintuo Construction Project was 9.35 billion yuan

The Zhitong Finance App learned that Greentown Management Holdings (09979) rose more than 4% in the afternoon. As of press release, it had risen 3.48% to HK$2.97, with a turnover of HK$27.525,900.

According to the news, Greentown Management Holdings announced that for the year ended December 31, 2025, the total contract area of the Group's Xintuo Construction Project reached 35.35 million square meters, down about 3.1% from the same period last year; the estimated construction fee for the Xintuo Construction Project was RMB 9.35 billion, an increase of about 0.4% over the same period last year.

CaiTong Securities previously released a research report stating that Greentown Management Holdings is a pioneer and leader in the domestic real estate asset-light development model. The core business model includes three major construction businesses and three supporting services. Considering that the company continues to be deeply involved in the field of contract construction, it has formed a scale advantage and brand effect. Xintuo's construction area and sales have been at the top of the industry list for many years, there are plenty of orders in hand, and the efficiency of project initiation has gradually improved.