On September 11, CHINA RES LAND fell 3.27% in regular trading, trading at HK$28.92/share, with turnover of HK$231 million.

The decline comes amid persistent weakness in the real estate sector, compounded by the company's recently disclosed interim results. In the first half, CHINA RES LAND reported consolidated revenue of RMB 67.87 billion, down 28.5% year-over-year, while profit attributable to shareholders fell approximately 17% to RMB 9.84 billion. The development and sales segment saw revenue decline 39% YoY, continuing to weigh on market sentiment.

Adding to sector headwinds, a joint policy announcement on August 28 by three government departments mandating cash-on-delivery housing sales has raised concerns over near-term cash flow. Management acknowledged the policy creates short-term liquidity pressure for developers, contributing to valuation compression across the board. Within the Real Estate Development sector, peers also traded lower, with SUNAC down 3.48%, GREENTOWN CHINA down 3.69%, CHINA OVERSEAS down 2.35%, HENDERSON LAND down 1.64%, and CK ASSET down 0.29%.

(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.)