Country Garden will deliver 1.15 million units in the next three years.

After 2025, Country Garden temporarily gained valuable breathing space. At the annual work meeting of the group on February 2, Chairman Yang Huiyan revealed that in terms of delivery, Country Garden completed delivery of nearly 170,000 units in the past year, with a total delivery of nearly 1.15 million units over the past three years starting from 2023. In terms of debt restructuring, all 9 domestic bond restructuring plans under Country Garden, with a total scale of approximately 13.77 billion RMB, have been approved, and the overseas debt restructuring plan with a scale of approximately 17.7 billion US dollars will take effect on December 31, 2025. The overall debt reduction is estimated to be nearly 90 billion RMB after restructuring, and the cost of new debt financing after restructuring plummeted to 1%-2.5%, creating a crucial window for development in the next five years. As for the year 2026, Yang Huiyan defined it as the "year of completing delivery". She proposed a clear timeline: to strive to complete most of the delivery tasks by mid-2026, thus freeing up more energy to repair the balance sheet and restore normal operations. The so-called "restore normal operation" is marked by positive operating cash flow, with the ultimate goal of both overall cash flow and profits of the company being positive.