CICC said in a research report that Greentown China (03900.HK) -0.180 (-2.095%) Short selling $30.16M; Ratio 53.741% recorded operating revenue of RMB155 billion in 2025, down 2.3% YoY. Among which, property development revenue was flat YoY at RMB147.2 billion, while gross margin edged down 0.9 ppts to 11.9%.During the period, the company made inventory and credit impairment provisions of RMB2.9 billion and RMB2.0 billion, respectively, bringing the combined total for 2024 to 2025 to RMB10 billion. Ultimately, net profit attributable to shareholders amounted to RMB70 million, compared with RMB1.6 billion in 2024, broadly in line with market expectations.Related News HSBC Research Lowers TP for GREENTOWN CHINA (03900.HK) to HKD9.5, Maintains 'Hold' RatingTaking into account the scale of sellable resources, the broker cut its earnings forecasts for 2026 and 2027 by 39% and 41% to RMB200 million and RMB960 million, respectively. It maintained an Outperform rating and lowered the TP by 8% to HKD14. (ss/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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