Performance | Country Garden turned a profit of 3.26 billion RMB last year

Country Garden (02007) announced that, for the year ended as of the end of last December, profit attributable to shareholders was RMB 3.261 billion, or earnings per share of RMB 0.12, with no dividend. Profit/loss for the same period in 2024 was a loss of RMB 32.835 billion.

During the period, total revenue was RMB 154.893 billion, down 38.72% year on year.

The company’s borrowings decreased 41.63% year on year to RMB 147.959 billion. As of the end of last December, the group had total cash reserves of RMB 18.653 billion, down 37.61% year on year; of which cash and cash equivalents were approximately RMB 5.811 billion, and restricted cash was approximately RMB 12.842 billion.

The company said that 2026 is the first year of the “15th Five-Year Plan” and is also the most critical year for the group to shift from “ensuring delivery of pre-sold homes” to normal operations. The group will fully strengthen core work including high-quality delivery, risk resolution, debt and capital restructuring, and sustained operations, and will implement the smooth execution of an overseas debt restructuring plan. The next 3 to 5 years will be an important period for the group to consolidate its foundation and build new growth curves.

The group’s strategic core will revolve around “building core competitiveness,” firmly taking a market-oriented approach, further deepening the new strategic layout of “one body with two wings” (real estate development, technology-driven construction, and property management and development management), and leveraging core competitive strengths based on “product strength, service capability, and cost capability.” It will also actively explore integrated applications of “new technology + AI,” and promote a transition of management toward data-driven operations, in order to navigate the cycle and move onto a path of benign development.

Country Garden said that, in summary, the group has a clear understanding of the challenges it currently faces, but it also firmly believes that, with the continuous optimization of the real estate policy environment and the industry’s deep adjustment, the market will gradually regain vitality. With more scientific management and greater resilience and responsibility, the group will solidly carry out all work, striving to move alongside the industry’s recovery onto a more benign and sustainable development track.