Gemdale’s sales plunge in november, firm acquires new wuhan project

Gemdale Corporation (SSE:600383) reported a significant drop in its November 2025 performance. The company's contracted sales area for November reached 127,000 square meters, representing a 58.50% year-over-year decrease. Contracted sales value similarly fell by 68.40% to CNY 1.52 billion.

The cumulative performance for January to November 2025 also reflects this downward trend, with contracted sales area totaling 2.103 million square meters, a 51.02% decrease from the previous year. Cumulative contracted sales value declined by 56.33% to CNY 27.62 billion.

In addition to its sales figures, Gemdale announced the acquisition of a new project in Wuhan City, specifically the P (2025) 125 Qiaoliang School A2 plot. This plot has a total land area of 13,585 square meters, a plot ratio of 2.21, and a calculated floor area of 30,000 square meters. Gemdale holds a 30.61% equity interest in the project, which is designated for residential, park, and green space use. The total transaction price for this project was CNY 210.80 million.