LONGFOR GROUP (00960) announces annual performance with revenue of 97.309 billion yuan and three consecutive years of positive operating cash flow after covering capital expenditure.

LONGFOR GROUP (00960) announced its performance for the year ending December 31, 2025. The group achieved a revenue of RMB 97.309 billion, with a net profit attributable to owners of RMB 1.022 billion, and earnings per share of 15 cents. In 2025, the group's development business revenue was RMB 70.54 billion, and the total delivered property area was 5.925 million square meters. The average selling price in 2025 was RMB 11,904 per square meter. The group's contracted sales in 2025 amounted to RMB 63.16 billion, with a total sold area of 5.186 million square meters and an average selling price of RMB 12,179 per square meter. The contracted sales in the western regions, Yangtze River Delta, Bohai Rim, South China, and Central China regions were RMB 18.24 billion, RMB 17.17 billion, RMB 15.21 billion, RMB 6.8 billion, and RMB 5.74 billion, respectively, accounting for 28.9%, 27.2%, 24.1%, 10.8%, and 9.0% of the group's total contracted sales. As of December 31, 2025, the group had contracted sales not yet settled amounting to RMB 99.1 billion, with an area of approximately 8.06 million square meters. The group continues to deepen its property holdings in core cities in China and focuses on commercial investment and asset management. Its commercial investment strategy emphasizes a balance of light and heavy and promotes a grid layout, with its main product line being urban-style shopping center Tianjie. The asset management business integrates six major services including long-term rental apartments "Guanyu", vibrant districts "Huansi", service apartments "Xiafei Mansions", industrial offices "Lanhai Engine", women and children's hospitals "Youyou Baby", and health and retirement communities "Chunshan Wanshu", offering diverse products and services to customers. Among them, the long-term rental apartments "Guanyu" cater to the rental housing needs of the new generation, and have already been opened and operating in high-tier cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Hangzhou, Chongqing, Wuhan, and Nanjing. In 2025, the group's service business revenue was RMB 12.58 billion, a decrease of 1.3% from the previous year. The gross profit margin for the service business was 28.3%. In 2025, the group realized a property service revenue of RMB 11.23 billion. The smart construction business has expanded to core cities such as Beijing, Shanghai, Chengdu, Chongqing, Xi'an, and Hangzhou, emphasizing continuous cultivation and achieving high-quality development. In 2025, the group continued to improve organizational and operational efficiency, focusing on high-quality talents. Administrative expenses accounted for 3.9% of the development business contracted sales, operation and service revenue. In order to enhance brand influence, sales expenses accounted for 3.4% of the development business contracted sales, operation and service revenue.