China Jinmao (00817) released its 2025 annual report on March 24. The data indicates the company's profitability has shown steady improvement: full-year gross profit reached 9.221 billion yuan, a 7% increase compared to the previous year; the gross profit margin rose to 16%, up by 1 percentage point year-on-year; and profit attributable to shareholders (including fair value gains/losses on investment properties) grew by 18% year-on-year. Management stated during the earnings presentation that in 2025, the gross profit margin for the company's development business increased from 11% to 13%, a 2 percentage point rise compared to the previous year. Since 2024, all newly acquired projects have been concentrated in core cities and key areas. The four new product lines under the "Jinyumantang" series have precisely met local customer demands, achieving an average net sales profit margin exceeding 10%. Against the backdrop of widespread profit pressure in the current real estate sector, China Jinmao has demonstrated resilient profitability.
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