China Resources Land (01109) announced interim results with profit attributable to shareholders of 9.84 billion yuan, achieving property contract sales of 116.5 billion yuan, ranking third in the industry

According to the Zhitong Finance App, China Resources Land (01109) announced interim results for the six months ended June 30, 2026. The consolidated turnover for the first half of 2026 was RMB 67.87 billion. Among them, the turnover of the development and sales business was RMB 45.26 billion; the turnover of the operating real estate leasing business was RMB 14.16 billion; and the turnover of the asset-light management fee-type business was RMB 8.45 billion. Recurring business revenue totaled RMB 22.61 billion, up 9.9% year over year, accounting for 33.3% of total turnover.

The consolidated gross margin for the first half of 2026 was 25.4%. Among them, the gross margin of the development and sales business was 10.0%; the gross margin of the operating real estate leasing business was 73.3%; and the gross margin of China Resources Vientiane Life Co., Ltd. was 38.0%.

In the first half of 2026, the profit attributable to shareholders of the company was RMB 9.84 billion; the profit attributable to core shareholders after evaluating the value-added value of RMB 3.41 billion during the deduction period and the cumulative assessed value-added value added of RMB 3.73 billion during the repayment period (hereinafter referred to as “core net profit”) was RMB 10.16 billion, of which the core net profit from the recurring business reached RMB 6.65 billion, and the share of core net profit contribution increased by 5.3 percentage points to 65.5% year-on-year.

Profit attributable to shareholders for the first half of 2026 was RMB 1.38, and core net profit per share was RMB 1.42.

The Board of Directors resolved to declare an interim dividend of RMB 0.20 per share for 2026 (equivalent to HK$0.231 per share), which is the same as the 2025 interim dividend of RMB 0.20 per share.

In the first half of 2026, the Group achieved property contract sales of RMB 116.5 billion, ranking third in the industry, and achieved a contract area of 3.16 million square meters. As of June 30, 2026, the Group has secured a turnover of RMB 18.19 billion in unsettled development properties, of which RMB 97.28 billion is expected to be settled within 2026.

In the first half of 2026, the Group added 2.84 million square meters of land storage and construction area. As of June 30, 2026, the Group's total land reserves were approximately 47.12 million square meters.

As of June 30, 2026, the Group's total loans were RMB 271.18 billion, bank balances and cash holdings were RMB 98.91 billion, and the net interest-bearing debt ratio was 41.0%. The weighted average debt financing cost decreased by 9 basis points to 2.63% from the end of 2025, maintaining the lowest level in the industry.