Country Garden’s equity contract sales plunged by over 50% in the first two months

On March 4th, 2025, Country Garden Holdings Co., Ltd. (Country Garden) announced their data for the month of February. The total sales amount attributable to the equity holders of the company was approximately 2.3 billion yuan (RMB) for the month. When combined with the data from January, the accumulated equity sales for the first two months of this year reached 4.56 billion yuan, showing a decrease of 50.49% compared to the same period last year.

Country Garden’s “Unaudited Operating Data for February 2025” released on the 4th indicated, “Together with its joint venture and associate companies, the total sales amount attributable to the equity holders of the company in February 2025 was approximately 23.0 billion yuan, with a total sales area of around 310,000 square meters.”

According to the news from “New Yellow River,” a new media platform under the Jinan Daily News Group on March 5th, Country Garden achieved a total sales amount of approximately 2.26 billion yuan in January 2025, down by 58.83% from the same period last year when it was 5.49 billion yuan. The sales area attributable to the equity holders of the company was around 270,000 square meters.

Overall, in the first two months of this year, Country Garden’s cumulative equity sales amount reached 4.56 billion yuan, marking a 50.49% decrease compared to the same period last year when it was 9.21 billion yuan.

In 2024, Country Garden’s equity sales amounted to 47.17 billion yuan, averaging 3.93 billion yuan per month. In January and February of 2024, the total sales amount attributable to the equity holders of the company was about 9.21 billion yuan, with a sales area of around 930,000 square meters.

The equity contract sales amount refers to the sales revenue realized by real estate companies within a certain period by signing “Real Estate Sales Contracts” with buyers. This indicator reflects the actual sales performance of the company and is an important basis for measuring business operations and market performance.