Greenland Holdings' first-quarter real estate sales amount and area both increased year-over-year, driving transformation and development, achieving stabilization and recovery.

According to the latest “2026 Q1-Q3 China Real Estate Enterprise Performance Analysis Report” released by CRIC, in the first quarter, Greenland Holdings (600606.SH) achieved sales of 13.59 billion yuan, ranking ninth on the list, with a sales area of 1.43M square meters, ranking fifth, representing year-on-year increases of 14.39% and 11.07%, respectively, achieving double-digit growth in sales targets year-over-year.

Greenland Holdings’ first-quarter real estate sales achieved “double growth” year-over-year, primarily thanks to the efforts of central and local governments to promote stabilization and recovery in the real estate market, which have yielded results. Since the beginning of this year, some major cities’ real estate markets have shown signs of stabilization after deep adjustments. The CRIC Q1-Q3 China Real Estate Enterprise Performance Analysis Report pointed out that the “Government Work Report” from this year’s two sessions explicitly emphasized stabilizing the real estate market and included it in the “14th Five-Year Plan” development direction, which is conducive to stabilizing market expectations and boosting housing purchase confidence. Key indicators such as new commercial residential transaction areas in 50 major cities nationwide and second-hand housing transaction areas in 20 key cities have all shown signs of stabilization and recovery. Some enterprises experienced significant sales recovery in March, with several leading real estate companies reporting year-over-year growth in sales for the first quarter.

The “double growth” in real estate sales in the first quarter is a positive result of Greenland Holdings’ continuous efforts to promote the transformation and development of the real estate industry and is an encouraging signal of stabilization and recovery. Since last year, facing a complex external environment, Greenland Holdings has fully implemented the basic strategy of “activating stock, breaking through incremental, increasing flow, leveraging variables, improving quality, and stabilizing total volume,” pushing forward key tasks such as stable operations, transformation, and risk prevention, making breakthroughs and further accumulating positive momentum. Among these, the real estate sector has focused on key tasks such as activating and de-stocking assets, improving operational quality, and enhancing products, achieving positive results and showing a stable and upward trend: a batch of stock assets has been effectively activated, realizing value enhancement. Through product adjustments, operational improvements, government collaboration, and supply chain coordination, a large number of stock projects have been revitalized, increasing their value and achieving de-stocking and monetization. By 2025, a total of 68.1 billion yuan in de-stocking was achieved, a 6.5% increase year-over-year, making it one of the few large real estate companies to realize positive growth. A number of residential projects have been delivered with high quality, and some functional projects have completed construction milestones on schedule. Continuing to implement the central government’s requirements of “ensuring delivery and stabilizing people’s livelihoods,” over 8 million square meters of residential projects have been delivered with high quality, and many major functional projects have completed their construction milestones on schedule, entering a new phase of development. The “Greenland Good House” standards have been fully implemented, and product quality has been comprehensively improved. To meet the new era’s requirements, Greenland released the “Greenland Good House” product standards covering “Four Dimensions, Twelve Transformations, and Seventy-Eight Methods.” Rapidly promoting the implementation of these standards, the first batch of 25 “Greenland Good House” pilot projects has been identified, with some key projects achieving tangible results. Among them, Greenland’s fourth-generation pure low-density improvement “Good House” — Tianjin Greenland Water Cloud River project — recently opened, with an initial sale of 108 million yuan and an 87% absorption rate. A batch of key commercial and office projects has improved operational levels, continuously enhancing asset value. By positioning招商运营 as a key strategic focus, Greenland has worked to improve the operational level of major commercial and office projects. Focusing on over 100 high-quality commercial and office assets across more than 50 cities nationwide, the company actively promotes renovation and renewal, leading to sustained asset value appreciation.

Building on the double growth in real estate sales in the first quarter, Greenland is comprehensively promoting stabilization and improvement, ensuring a good start and a strong beginning for the “14th Five-Year Plan,” and opening new development prospects. Greenland Holdings Chairman and President Zhang Yuliang emphasized that 2026 is the inaugural year of the “14th Five-Year Plan” and a critical year for Greenland to restart, explore new paths, and open new chapters after deep adjustments. In 2026, Greenland will focus on “stabilizing operations, promoting transformation, and preventing risks,” following the approach of “focusing on key regions, targeting key areas, and breaking through key projects,” striving to achieve the “Four Further” goals. Operations will further stabilize. The main operational indicators aim to stabilize and recover, with the real estate sector’s key indicators remaining steady; infrastructure industry new contract value striving for rapid growth. Transformation will further show results. Business sectors such as digital finance, energy supply security, new energy vehicle exports, and tourism are accelerating development, becoming important growth points and gaining broad influence. Development will further highlight breakthroughs. Focusing on key and hot areas like Hainan Free Trade Port, Greenland is implementing and completing a number of high-profile, influential projects, creating hundreds of billions in new business volume and strongly leading the company’s development. Risks will further decrease steadily. Interest-bearing debt has been significantly reduced, offshore debt effectively resolved, related risks effectively controlled, liquidity safety maintained, and various costs and expenses continued to decline.