HK Stock Market Move | CHINA JINMAO (00817) rises nearly 6% after reporting results, with a 7% year-on-year increase in gross profit for 2025. Citigroup indicates that the company is entering a growth cycle for the next two years.

CHINA JINMAO (00817) rose nearly 6% after the performance announcement, and as of the time of publication, it had risen 4.48% to 1.4 Hong Kong dollars, with a trading volume of 40.735 million Hong Kong dollars. On the news front, on March 24th, CHINA JINMAO released its 2025 annual report. The data showed that the company's profitability was steadily increasing: it achieved a gross profit of 9.221 billion yuan for the full year, a year-on-year increase of 7%; the gross profit margin increased to 16%, a year-on-year increase of 1 percentage point; and the profit attributable to shareholders (including fair value gains and losses on investment properties) increased by 18% year-on-year. The management team stated at the performance meeting that in 2025, the company's development business gross profit margin increased from 11% to 13%, a year-on-year increase of 2 percentage points. In the current backdrop of overall pressure on profits in the real estate industry, CHINA JINMAO's profitability is showing stability. Citigroup released a research report stating that CHINA JINMAO has entered a growth cycle from 2025 to 2027, with expected contract sales growth of 16% in 2025 and 7% in 2026, moving up to eighth place in the industry rankings. Additionally, the company is accelerating land acquisitions, with 66% located in Beijing and Shanghai, and has a healthy financial position. The bank continued to point out that since 2024, the company has added 43 new projects, with a net profit margin of over 10%, and has activated 15 plots of land through land swaps or changes in land use.