Greenland Holdings reports significant financial declines in Q3 2025

Greenland Holdings Corporation announced its third-quarter 2025 results, reporting a 25.59% decrease in operating revenue to 33,201,539,797.98 yuan for the quarter and a 20.16% drop to 127,697,167,839.49 yuan year-to-date. The company's net profit attributable to shareholders saw a drastic decline, with a year-to-date decrease of 2,927.38%. Basic earnings per share for the quarter fell by 11,425.71% to -0.23 yuan, reflecting significant operational challenges.

The board of directors, meeting on October 29, 2025, approved the third-quarter report, with all 11 directors voting in favor. The company highlighted ongoing efforts in debt resolution, accelerated growth in new business sectors, and improvements in cost management, including a 20% reduction in management expenses and a 34% decrease in marketing expenses year-to-date.

Despite a challenging market, the real estate segment saw 13.7 bn yuan in divestitures during the quarter, with year-to-date divestitures totaling 47.6 bn yuan and cash collections of 40.4 bn yuan. Infrastructure construction achieved 23.8 bn yuan in output value for the quarter, bringing the year-to-date total to 71.1 bn yuan. Total assets decreased by 4.22% to 1,053,477,246,305.79 yuan compared to the end of the previous year.