Real Estate Development

Gemdale

Gemdale released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 7.882 B (forecast CNY 2.827 B), actual EPS CNY -0.15 (forecast CNY -0.0103)

Gemdale to Release FY2026 Q1 Earnings on April 30 After-Market (BJT), Forecast Revenue CNY 2.827 B, EPS CNY -0.0103

Gemdale released FY2025 Q4 earnings on April 3 After-Market (BJT), actual revenue CNY 11.88 B (forecast CNY 21.33 B), actual EPS CNY -1.9648 (forecast CNY -0.0943)

Gemdale released FY2025 earnings on April 3 After-Market (BJT), actual revenue CNY 35.79 B (forecast CNY 53.44 B), actual EPS CNY -2.94 (forecast CNY -0.23)

Gemdale to release FY2025 earnings on April 4 After-Market (BJT), forecast revenue CNY 53.44 B, EPS CNY -0.23

Gemdale released FY2025 Q3 earnings on October 30 After-Market (BJT), actual revenue CNY 8.314 B (forecast CNY 9.677 B), actual EPS CNY -0.1718 (forecast CNY -0.0314)

Gemdale released FY2025 9 Months earnings on October 30 After-Market (BJT), actual revenue CNY 23.98 B, actual EPS CNY -0.9773

Gemdale to release FY2025 Q3 earnings on October 31 After-Market BJT, forecast revenue CNY 9.677 B, EPS CNY -0.0314

Gemdale released FY2025 Q2 earnings on August 29 After-Market (BJT), actual revenue CNY 9.722 B (forecast CNY 7.417 B), actual EPS CNY -0.6555 (forecast CNY -0.0628)

Gemdale released FY2025 Semi-Annual earnings on August 29 After-Market (BJT), actual revenue CNY 15.67 B, actual EPS CNY -0.82

Gemdale FY2025 Semi-Annual Earnings Release on August 30, 2025 (BJT)

China Vanke Adjusts Organizational Structure to Address Losses

China Vanke Expected to Report Substantial Loss in H1 2025

Significant Decline in GD Land's Signed Area and Amount in June 2025

China Vanke cancels asset-backed plan exit to secure cash flow

China Vanke Maintains Zero Default Record but Incurred 610 Million Yuan Loss in 2024

China Vanke reports RMB 5.7 billion in contract sales for first half of 2025

China Vanke Provides 1.6 Billion Yuan Guarantee for Subsidiary

China Vanke Completes Debt Repayment and Achieves Zero Default

China Vanke Achieves Smooth Transition During Industry Adjustment Period

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Morgan Stanley has lowered the target prices for some domestic property stocks, expecting the industry to remain under pressure in the second quarter of 2026. Domestic property developers hold a cautious attitude towards market prospects, with weak performance expected in 2025, and core earnings are projected to decline by an average of 29%. State-owned domestic property companies are performing relatively strong, with higher profits and gross margins. Morgan Stanley maintains a positive outlook on China Resources Land and Seazen, while holding a pessimistic view on Greentown China, Vanke A, and Gemdale. The target price adjustments are as follows: Cmsk from HKD 8.31 to HKD 7.03, Gemdale from HKD 2.12 to HKD 1.1, Longfor from HKD 8.2 to HKD 8, and Vanke A from HKD 2.7 to HKD 2.15

AASTOCKS

Cmsk

CHINA RES MIXC

LONGFOR GROUP

ChinaAMC CSI All Share Real Estate ETF

Vanke

Hwabao WP CSI 800 Real Estate ETF

Seazen

China Southern CSI All Share Real Estate ETF

SEAZEN

GREENTOWN MGMT

Morgan Stanley lowers target prices for some mainland property stocks, expects the industry to remain under pressure in the second quarter

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The three major A-share indices closed higher for the day, with an increase of about 1% to 3%. The Shanghai Composite Index rose 1.4% to 4,123 points, the Shenzhen Component Index rose 2.2% to 14,208 points, and the ChiNext Index rose 3% to 3,332 points. Domestic insurance and real estate stocks strengthened, with Ping An rising 2.7% and China Life rising 3.2%. Real estate stocks such as Beijing Investment Development hit the daily limit, Vanke A and Gemdale rose 3% to 5.7%. Chip stocks performed strongly, with SMIC A rising 2% and Cambricon rising 4.8%. The central parity rate of the RMB against the US dollar was adjusted up by 67 points, reported at 6.9523

Ping An

Yinhua CSI Interior Real Estate Theme ETF

CHINA LIFE

Cambricon

PING AN

SMIC

CHINA VANKE

China Life

The three major A-share indices of Shanghai and Shenzhen closed near their highs for the day, rising between 1.4% and 3%. Domestic insurance and real estate stocks strengthened, while semiconductor, computing power, and commercial aerospace stocks surged

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On New Year's Eve, the three major indices of A-shares opened slightly higher, with the Shanghai Composite Index at 3,968 points, the Shenzhen Component Index at 13,627 points, and the ChiNext Index at 3,247 points. The central parity rate of the RMB against the US dollar was adjusted to 7.0288. The People's Bank of China conducted a seven-day reverse repurchase operation of 528.8 billion yuan, with the interest rate maintained at 1.4%. Domestic property stocks performed well, with Gemdale, PDH, and Vanke A all opening 0.7% to 1% higher

On New Year's Eve, the three major indices of A-shares opened slightly higher, with a preference for domestic property stocks

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The three major A-share indices rose 0.6%-1% in the first half of the day, with the Shanghai Composite Index testing 3,900 points. The central parity rate of the RMB against the USD reached a new high in 14 and a half months. Consumer retail stocks rose, with FJDB and others hitting the daily limit. The performance of domestic bank stocks was mixed, with Industrial and Commercial Bank of China falling 0.8% and China Construction Bank rising 0.3%. Domestic property stocks stabilized, with Gemdale and others rising 1.2%-1.9%. Chip stocks SMIC and Hua Hong rose 1% and 1.3%, respectively. Computing power stocks Changfei Fiber continued to rise by 5.8%. CATL and BYD rose 0.7% and 1.4%, respectively

FJDB

The three major indices of A-shares in Shanghai and Shenzhen rose 0.6%-1% in the half-day session, with the Shanghai Composite Index testing 3,900 points and consumer retail stocks gaining

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Real estate stocks opened lower, with Vanke A falling over 7%, continuing to hit a new low in more than 10 years. Bright Real Estate, Seazen, Gemdale, Cmsk, and OCT also saw declines

Wallstreetcn

Bright Real Estate

Gemdale(600383.SH)

Morgan Stanley lowers target prices for some mainland property stocks, expects the industry to remain under pressure in the second quarter

The three major A-share indices of Shanghai and Shenzhen closed near their highs for the day, rising between 1.4% and 3%. Domestic insurance and real estate stocks strengthened, while semiconductor, computing power, and commercial aerospace stocks surged

On New Year's Eve, the three major indices of A-shares opened slightly higher, with a preference for domestic property stocks

The three major indices of A-shares in Shanghai and Shenzhen rose 0.6%-1% in the half-day session, with the Shanghai Composite Index testing 3,900 points and consumer retail stocks gaining

Real estate stocks opened lower, with Vanke A falling over 7%, continuing to hit a new low in more than 10 years. Bright Real Estate, Seazen, Gemdale, Cmsk, and OCT also saw declines