Real Estate Developer Xinda Real Estate Co., Ltd. (Xinda Real Estate) saw a decline in various financial figures such as operating income and net profit in 2025 compared to the previous year. The net profit incurred a loss of 8.723 billion yuan, while the loss in the same period of the previous year was 809 million yuan, marking an increase of 7.9 billion yuan in loss.
On April 2, Xinda Real Estate released its “Annual Report for 2025.” The report indicated, “During the reporting period, the company achieved an operating income of 4.584 billion yuan, a decrease of 42.90% compared to the 8.028 billion yuan in the same period last year. It recorded a net profit of -8.723 billion yuan, a decrease of 79.14 billion yuan compared to the -809 million yuan in the same period last year. The net profit attributable to the parent company was -7.875 billion yuan, a decrease of 70.91 billion yuan compared to the -784 million yuan in the previous year.”
As of December 31, 2025, the company’s total liabilities amounted to 57.565 billion yuan, an increase of 7.067 billion yuan compared to the 50.498 billion yuan at the beginning of the year. The owner’s equity attributable to the parent company was 15.964 billion yuan, a decrease of 7.875 billion yuan from the 23.839 billion yuan at the beginning of the year. The asset-liability ratio was 75.15%, an increase of 9.08 percentage points from the end of the previous year.
All the data in the report showed a downward trend, indicating the company’s operating situation remains concerning.
In the announcement, Xinda Real Estate acknowledged significant changes in the supply and demand relationship in the real estate market. The overall real estate market has shifted from a seller’s market to a buyer’s market, with a relatively low real estate development prosperity index. In 2025, the national real estate market was still undergoing an adjustment phase.
Looking ahead to 2026, Xinda Real Estate believes that measures at both ends of the real estate market supply and demand will continue to be optimized. Various regions are expected to lower the threshold for home purchase and accelerate destocking.
Public data indicates that Rongxin China Holdings Co., Ltd. was established on January 2, 2015, with its headquarters located in Minhang District, Shanghai. The company primarily engages in real estate development and asset management operations. It is a real estate listed company under China Xinda Asset Management Co., Ltd., with its controlling rights belonging to the Ministry of Finance of the Communist Party of China.