Группа Jindi достигнет выручки около 36 миллиардов юаней к 2025 году: многопрофильная стратегия постепенно формируется

Источник: Shanghai Securities News · China Securities Network

China Securities Network, as reported by Shanghai Securities News: On the evening of April 3, Gemdale Group released its 2025 annual report. During the reporting period, the company achieved operating revenue of 35.86B yuan. Of this, the share of non-residential business income continued to rise steadily, and the business mix was continuously optimized. The scale of interest-bearing liabilities was systematically reduced, the liability structure was further optimized, and the weighted average cost of debt financing was 3.92%, down 13 basis points compared with the end of 2024.

After undergoing deep industry adjustment, Gemdale Group, with its strategy of “focusing on core business and balancing both light and heavy assets,” has built a sustainable development model suited to the new cycle, making its development path increasingly clear.

Gemdale Group’s cash flow-focused operating strategy, using the approach of “enhancing increments and revitalizing existing assets,” has fully driven sales destocking, and achieved operating revenue of 35.86B yuan for the full year.

In 2025, Gemdale launched a “one plan for each parcel” campaign mode. Through multiple paths such as land swaps, converting commercial to residential, collecting and warehousing existing properties, and converting self-held assets to saleable units, the company completed the revitalization of assets in 22 stock projects for the full year, effectively improving asset operation efficiency and operating potential. Among them, after the Wuhan stock apartment project was collected, stored, and swapped into high-quality residential land, the Dasheng Lebu project it built, leveraging outstanding product strength, achieved “four openings and four sales” annually; its quality and performance won top “city benchmarks” in two dimensions.

In the first half of 2025, Gemdale Group successfully acquired two low-density villa-class premium land plots in Shanghai Songjiang and Hangzhou Linping. Among them, the Cuiyu Yuanshu project developed from the Songjiang land opened for sale and sold well in the same year, further confirming the company’s capability for precise investment and product building.

As of the end of the reporting period, Gemdale Group’s total land reserve was approximately 24.72 million square meters, and its attributable land reserve was approximately 10.59 million square meters. The proportion of first- and second-tier cities reached 79%. Its high-quality land reserve structure helps support the company’s long-term and steady operations.

In recent years, Gemdale Group has proactively broken reliance on past paths and established a development strategy of “balancing both light and heavy assets.” While consolidating its development of core business, it has vigorously developed light-asset businesses such as entrusted construction, property services, and operation of held-for-investment assets, gradually forming a multi-pronged layout. In 2025, Gemdale Group’s entrusted construction, property, and held-for-investment property operation businesses made steady progress, and the share of revenue structure increased significantly.

Among them, entrusted construction has become the core engine of Gemdale’s light-asset businesses. In 2025, Gemdale’s newly signed contracted service area was 15.31 million square meters, up 59% year over year; the cumulative signed and managed area reached 53.62 million square meters, covering more than 70 cities nationwide, firmly maintaining its position in the top tier of the industry. In terms of business structure, residential entrusted construction is firmly established, while multiple business formats such as commercial and office, industrial parks, resettlement housing, and apartments develop in parallel. Its partners cover state-owned enterprises and central enterprises, urban investment platforms, and high-quality private enterprises; the customer structure continues to be optimized.

Property services have also grown steadily. In 2025, Gemdale’s intelligent services continued to see revenue improve; its residential business base remained solid, commercial services and city services expanded rapidly, and strategic customer coverage extended to fields such as new energy, fintech, and healthcare. Held-for-investment property operations also demonstrated strong resilience under market pressure. In 2025, Gemdale’s held-for-investment property achieved rental income of 3.14B yuan on a full rent income basis, and operating quality continued to improve. Among them, mature commercial projects such as Shanghai Jiuting Gemdale Plaza, Xi’an Gemdale Plaza, Wuhan Gemdale Plaza achieved an occupancy rate of 95%; the office building segment’s occupancy rate rose against the trend throughout the year. Shenzhen Gemdale Weixin Center’s occupancy rate exceeded 90%, attracting a number of high-quality enterprises in fields such as technology, software, and financial insurance to move in; and in the Weixin industry operations segment, the occupancy rate of mature parks exceeded 90%. (Huang Jianhua)

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