China Resources Land Reports 7.7% Growth in Cumulative Contract Sales for First Five Months

Stock News
Jun 12

China Resources Land Ltd (HKEX: 01109) has released its operational data. For the month ending May 31, 2026, the group achieved total contracted sales of approximately RMB 23.51 billion, representing a year-on-year increase of 28.1%. The total contracted sales area for the month was about 521,000 square meters, a decrease of 19.7% compared to the same period last year.

Looking at the cumulative figures for the first five months of 2026, total contracted sales amounted to roughly RMB 93.51 billion, marking a 7.7% growth year-on-year. The total contracted sales area for this period reached approximately 2.364 million square meters, reflecting a 26.6% decline compared to the previous year.

In May 2026, the group's recurring income was about RMB 4.44 billion, up 8.6% from the prior year. Within this, rental income from investment properties, which are operated for recurring revenue, contributed approximately RMB 3.00 billion, showing an 11.4% increase.

For the cumulative January to May period in 2026, total recurring income reached around RMB 22.01 billion, a rise of 7.7%. The rental income from investment properties for this five-month period was about RMB 15.00 billion, climbing 12.9% year-on-year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10