China Resources Land ( (CRBJF) ) has released its Q4 earnings. Here is a breakdown of the information China Resources Land presented to its investors.
China Resources Land is a leading real estate company based in China, primarily engaged in property development, investment, and asset management, with a focus on urban investment and operation. In its latest earnings report for 2024, China Resources Land reported a consolidated revenue increase of 11% year-on-year, reaching RMB 278.8 billion. The company’s core net profit was RMB 25.42 billion, despite a decrease in gross profit margin due to industry challenges. Key highlights include a significant growth in recurring business revenue and a maintained dividend payout ratio of 37%. The company achieved property contracted sales of RMB 261.1 billion, ranking third in the industry, and expanded its land bank to 51.94 million square meters. Looking forward, China Resources Land remains committed to its strategic positioning and aims to navigate market fluctuations with a focus on innovation and efficiency improvements.