China Resources Land reports strong 1H2025 revenue growth, dividend declared

China Resources Land Limited reported a consolidated revenue of RMB94.92 bn for 1H2025, a 19.9% year-on-year (YoY) increase. This growth was primarily fueled by property development revenue, which rose 25.8% YoY to RMB74.36 bn. Profit attributable to shareholders also saw a substantial increase of 16.2% YoY, reaching RMB11.88 bn, with recurring core net profit contributing RMB6.02 bn. The gross profit margin improved by 1.8 percentage points YoY to 24.0%.

The Board declared an interim dividend of RMB0.20 per share for 2025, matching the 2024 interim dividend. Shareholders have the option to receive the dividend in either HKD or RMB. The ex-dividend date is 09 September 2025, with payment scheduled for 27 October 2025.

The Group achieved contracted sales of RMB110.30 bn in 1H2025 and acquired an additional 1.48 million square meters of land bank, bringing its total land bank to approximately 48.95 million square meters. Total borrowings stood at RMB281.27 bn as of 30 June 2025, with a net gearing ratio of 39.2% and a weighted average financing cost of 2.79%, maintaining the lowest tier in the industry.