According to the Zhitong Finance App, China Overseas Development (00688) released the results for the third quarter of 2026. In the third quarter of 2026, in the face of easing but still recurring global geopolitical conflicts, the Chinese economy remained generally stable, macroeconomic policies continued to be implemented and effective, and development resilience was maintained under pressure.
In the third quarter of 2026, China's real estate market continued to adjust. Local stabilization coexisted with market differentiation, demand for improvement continued to be released, and the core regional market further stabilized and improved. The introduction of a new real estate policy will help improve market supply and demand in the long run and promote market stability. In a situation where the economy is generally positive and interest rates are stable, real estate in Hong Kong continued to be active in the third quarter of 2026 and entered a period of steady development.
The Group continues to focus on first-tier cities with higher safety and certainty to seize structural opportunities in other key cities. The Group is financially stable, and has endogenous development resilience with both offense and defense, and is confident that it will achieve sustainable, steady and high-quality development.
From January to September 2026, the Group, together with its associated companies and joint ventures, achieved contract property sales of RMB 181.04 billion, up 6.2% year on year. The corresponding sales area was 6.12 million square meters, down 19.2% year on year.
In the third quarter of 2026, the Group added 14 new plots of land in 7 cities in mainland China and Hong Kong. The total land reserve construction area was 2.16 million square meters, the equity construction area was 1.8 million square meters, the total land price was RMB 49.22 billion, and the equity land price was RMB 48.49 billion.
In the third quarter of 2026, the Group's revenue was RMB 32.8 billion and operating profit was RMB 1.95 billion. For the nine months ended September 30, 2026, the Group's revenue was RMB13.4 billion and operating profit was RMB14.49 billion.
The Group continues to maintain a sound financial position and strong cost advantage, and the net loan ratio and financing costs remain within the lowest range in the industry.