Longfor Group posts RMB7.46 billion in Q1 contracted sales on solid property and services revenue

An announcement from Longfor Group Holdings ( (HK:0960) ) is now available.

Longfor Group Holdings reported unaudited operating data for the first quarter of 2026, posting aggregated contracted sales of RMB7.46 billion on 842,000 square meters of gross floor area, with March alone contributing RMB3.01 billion and 315,000 square meters. Contracted sales attributable to shareholders reached RMB2.02 billion on 226,000 square meters, while revenue from property operation and property service totaled about RMB6.62 billion before tax adjustment, underscoring continued cash inflow from both development and recurring service businesses but remaining subject to revision when audited financial statements are released.

The group booked around RMB3.63 billion in property operation revenue and RMB2.99 billion in property service revenue in the quarter, highlighting the importance of its asset-light and services segments alongside traditional development. Management cautioned that the figures are preliminary, unaudited, and provided for reference only, signaling that investors should be mindful of potential adjustments and underlying market uncertainties when assessing the company’s performance and valuation.

The most recent analyst rating on (HK:0960) stock is a Buy with a HK$11.40 price target. To see the full list of analyst forecasts on Longfor Group Holdings stock, see the HK:0960 Stock Forecast page.

More about Longfor Group Holdings

Longfor Group Holdings is a mainland China-based real estate developer and property services provider listed in Hong Kong, focusing on residential and commercial projects and related property operation and management services. The group generates revenue from both property development sales and recurring income streams such as property operations and property management services across its portfolio.

YTD Price Performance: -9.49%

Average Trading Volume: 19,142,463

Technical Sentiment Signal: Sell

Current Market Cap: HK$52.73B

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