Yuexiu Real Estate (00123) released interim results with revenue of 36.65 billion yuan, contract sales of 50.51 billion yuan, ranked 8th in the country in the “Three Red Lines” category

According to the Zhitong Finance App, Yuexiu Real Estate (00123) announced interim results for the six months ended June 30, 2026. Operating revenue was approximately RMB 36.65 billion, gross margin was about 6.2%, profit attributable to equity holders was approximately RMB 90 million, and core net profit was approximately RMB 80 million.

The cumulative contract sales amount during the period (along with sales of joint ventures and joint venture projects) was approximately RMB 50.51 billion. Of these, the share of contract sales for stock holding and sales projects increased to 80.7% year-on-year. Inventory removal results were obvious. The core six cities accounted for 84.5% of contract sales. According to Kerry statistics, the Group's contract sales ranking for the first half of the year remained eighth in the country.

Six new plots of land were added in 5 cities during the period, with a total construction area of about 680,000 square meters, and an equity investment amount of about RMB 7.0 billion, of which 96.8% of the equity investment amount was concentrated in the six core cities. As of June 30, the total land reserve reached approximately 16.57 million square meters. 94% of the total land reserves are located in first- and second-tier cities.

As of June 30, all of the Group's “Three Red Lines” indicators remained in line with the “green” standard. The balance ratio, net loan ratio, and short cash debt ratio after excluding advance payments were 65.2%, 49.2%, and 2.1 times, respectively, and the financial health and stability were stable. Maintain S&P and Fitch's “BBB-” investment grade credit ratings, and the outlook is stable.

As of June 30, the total amount of cash and bank balances, time deposits, time deposits and other restricted deposits was approximately RMB 51.5 billion. The Group's net operating cash flow inflow during the period was approximately RMB 13.77 billion, and capital liquidity was abundant and safe.

The annual interest rate for weighted average loans fell below 3% for the first time to 2.91%, down 25 basis points from the previous year.

The Board resolved to declare an interim dividend of HK$0.009 per share (equivalent to RMB 0.008 per share) for 2026. Total dividends account for approximately 40% of core net profit.