Real estate brokerage experts see the housing market recovering! Q3 profit surged 118%, earning 189 million in a single quarter

Xinyi Housing (9940) held a press conference on the 11th and announced that its third quarter consolidated revenue was 2.83 billion yuan, an annual increase of 22.81%; net profit attributable to the parent company was 189 million yuan, an annual increase of 118.60%, and earnings per share (EPS) was 0.26 yuan. Single-quarter profits doubled compared with the same period last year. The company said that as policy and economic disruptions gradually subsided, the intermediary industry's revenue improved significantly, and the "Landscape Garden" construction project and housing transfers in mainland China drove the overall operating performance growth.

Xinyi Housing pointed out that its consolidated revenue in the third quarter increased by 525 million yuan compared with the same period last year, of which labor income increased by approximately 119 million yuan. As market transactions gradually recovered, the agency industry's revenue increased significantly compared with the same period last year. In addition, the sales performance of the "Landscape Garden" project in mainland China was better than expected, and the handover of houses in the quarter also contributed more than 400 million yuan in revenue. In terms of profitability, the consolidated gross profit in the third quarter reached 708 million yuan, an annual increase of 26.84%, and the operating net profit was 219 million yuan, an annual increase of 67.56%. Revenue and profits grew simultaneously.

In terms of construction progress, Jiuxin Real Estate's "Landscape Garden" project continues to advance in accordance with the sales plan for the fourth quarter of 2025. Sales and home delivery performance in the first three quarters of 2026 are better than the same period last year, with a cumulative recognized revenue of 848 million yuan from homes delivered. As for domestic development projects, the completed Xinyi Development "Jiaxue" project is expected to be handed over in 2028; the Tucheng Shulin Line MRT joint development projects LG17, LG16A and LG16B have been signed and are currently undergoing urban design review preparatory work. Pre-sale projects are expected to be launched in the second half of 2028.

In addition, Xinyi Development participated in public urban renewal for the first time this year and was qualified as the best applicant for the public urban renewal project of "Zhongshan Yiju" in Nanjing Fuxing Business District, Zhongshan District, Taipei City. It has also completed a contract with the Taipei City Residential and Urban Renewal Center. It is currently actively integrating neighboring land, expanding the scale of the development base, and continuing to evaluate other non-land purchase development projects.

In terms of tourism, the Malinson Hotel in East Malaysia continues to be constructed and is expected to be officially operational by the end of 2027. It will subsequently become an important layout for Xinyi Housing to expand into the tourism industry.

Looking forward to the fourth quarter, Xinyi Housing observes that the volume of housing market transaction transfers has turned from a year-on-year decrease to a slight annual increase, and the market is slowly recovering. The seventh wave of credit controls has been implemented for more than two years, and its impact on the market has gradually faded. However, whether the housing loan market can maintain stability remains the focus of follow-up observation. Xinyi Housing stated that it will continue to use AI and digital technology tools in the future, combining its direct operation system and brand advantages to improve the efficiency of intermediary services.