Gemdale September sales plunge amid new acquisition, loan guarantees

Gemdale Corporation reported a significant decrease in September 2025 sales, with a signed area of 17.8 million square meters, down 52.79% year-over-year, and signed contract value of 2.23 billion yuan, a 57.12% decrease. For the first nine months of 2025, cumulative signed sales area was 179.2 million square meters, down 50.14%, with a cumulative signed contract value of 24.18 billion yuan, down 54.22%.

The company also announced the acquisition of the P(2025)078 Qiaoliang School A3-2 plot in Wuhan, spanning 2,773 square meters with a total transaction price of 45.6 million yuan. In a separate announcement, Gemdale provided a joint liability guarantee of up to 93.3195 million yuan for a loan taken by Jiaxing Jinzhi Real Estate Co., Ltd. from China Everbright Bank.

As of the disclosure date, Gemdale's total external guarantees amounted to 18.813 billion yuan, representing 31.87% of its audited net assets as of 2024. The guarantees for other controlled subsidiaries amounted to 13.234 billion yuan, while those for associate and joint venture companies totaled 5.579 billion yuan.