Movement Alert|China Jinmao Intraday Rise 5.36%, Solid Annual Results and Real Estate Sector Rally Provide Dual Catalysts

Market Focus05-29

On May 29, China Jinmao rose 5.36% in regular trading, trading at HK$1.77/share, with trading volume of approximately HK$35.55 million.

On the news front, the company recently released its annual results showing full-year revenue of approximately RMB 59.55 billion, up about 1% year-over-year. Gross margin improved to 15.5% with expense ratios declining across the board. Contract sales reached RMB 113.5 billion, rising 16% year-over-year against market headwinds, with tier-one and tier-two cities contributing 96% of sales. Average financing cost remained at an industry-low 4.3%, with all three red lines maintained at green status and average debt maturity at 5.62 years.

At the sector level, real estate development stocks rallied broadly, with Country Garden surging 24.4%, Sunac up 13.48%, China Vanke up 11.81%, Radiance Holdings up 4.47%, and China Resources Land up 2.9%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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