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Revenue and net profit both grew modestly year-over-year in H1 2025, with gross margin and ROE improving. Cash flow from operations turned negative due to lower sales collections and higher land payments, but liquidity and debt structure remain sound. The company continues to focus on core cities and prudent risk management.
Original document: China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A [001979] Interim report — Aug. 29 2025
China Merchants Land is acquiring a project consultancy company via its Xi'an Mao On unit, according to a Hong Kong bourse filing Wednesday.
Shares of the property developer rose nearly 2% in morning trade Thursday.
The company agreed to pay 45.7 million yuan to buy Xi'an Merchants Garden City Real Estate from its controlling shareholder China Merchants Shekou Industrial Zone Holdings .
Xi'an Merchants is providing project consulting services on a land plot in the Nan'an district of China's Chongqing city.
China Merchants Land is acquiring a project consultancy company via its Xi'an Mao On unit, according to a Hong Kong bourse filing Wednesday.
Shares of the property developer rose nearly 2% in morning trade Thursday.
The company agreed to pay 45.7 million yuan to buy Xi'an Merchants Garden City Real Estate from its controlling shareholder China Merchants Shekou Industrial Zone Holdings .
Xi'an Merchants is providing project consulting services on a land plot in the Nan'an district of China's Chongqing city.
China Merchants Shekou Industrial Zone achieved contracted sales of 695,000 square meters, with a total sales value of 21.7 billion yuan.
This brought cumulative contracted sales for the first half to 3.4 million square meters, totaling 88.9 billion yuan, according to a Thursday filing with the Shenzhen bourse.
The real estate developer also acquired three residential plots in Zhengzhou, Yichang and Shenzhen.
China Merchants Shekou Industrial Zone generated a contracted sales amount of 17.3 billion yuan after selling a contracted sales area of 595,900 square meters in May, according to a Shenzhen bourse filing on Tuesday.
Between January and May, the real estate developer earned a cumulative contracted sales amount of 67.1 billion yuan after selling a contracted sales area of 2.7 million square meters, the filing said.
China Merchants Shekou Industrial Zone logged contract sales of 601,200 square meters for 14.8 billion yuan in April.
Cumulative sales for the first four months of 2025 reached 2.1 million square meters for 49.8 billion yuan, according to a May 10 filing with the Shenzhen bourse.
The real estate developer also acquired three new land parcels in Hangzhou, Chengdu and Beijing.
China Merchants Shekou Industrial Zone posted first-quarter net profit attributable to shareholders of 445.4 million yuan, up 34% from 332.4 million yuan the previous year.
Earnings per share rose to 0.04 yuan from 0.01 yuan, according to a filing with the Shenzhen bourse.
The real estate developer's revenue declined 14% year over year to 20.4 billion yuan from 23.7 billion yuan.
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