Sunac achieved sales of 23.55 billion yuan in the first half of the year and will strive to complete the "guaranteed delivery" goal in the second half.
On August 26, Sunac released its mid - year results for 2025, which also revealed a solid and stable foundation: In the first half of the year, the company's revenue was 19.99 billion yuan, net assets were 44.88 billion yuan, and the total land reserve area was approximately 124 million square meters; the net loss attributable to the parent company was 12.81 billion yuan, a decrease of about 14.4% compared with the same period last year; the interest - bearing debt was 254.82 billion yuan, down 22.61 billion yuan from the same period last year, and the capital structure remained stable.
Core performance data of Sunac in the first half of 2025
In the first half of the year, Sunac's contract sales amount was 23.55 billion yuan. Among them, the "One Courtyard" TOP - series products continued their hot - selling trend, and Shanghai One Courtyard topped the list of single - project sales champions nationwide in the first half of 2025. 36Kr learned that Sunac will launch new projects intensively in the second half of the year. In August, the last high - rise building in the fifth batch of Shanghai One Courtyard was sold out as soon as it opened. Subsequently, the scenic villas of Shanghai One Courtyard and Shanghai Bund One Courtyard will be launched one after another. Meanwhile, the second - phase low - density townhouses of Tianjin Meijiang One Courtyard, the only new property for sale in the old Meijiang area of Tianjin, and the new products of the Taohuayuan series, including the courtyard houses and townhouses of Wuhan Taohuayuan, will be unveiled one after another.
In terms of operating business, in the first half of the year, the combined revenue of Sunac's two major operating businesses, "property management + cultural tourism", exceeded 5.6 billion yuan, accounting for 28.3%, contributing stable cash flow to the company's performance. Among them, the revenue of Sunac Services was 3.55 billion yuan, and the net profit attributable to the parent company turned from loss to profit, reaching 120 million yuan; the available funds were 3.04 billion yuan, which was relatively abundant.
The mid - year performance report shows that Sunac delivered 14,900 new homes across the country in the first half of the year. The cumulative delivery volume in the past three years has reached 683,000 units, ranking among the top in the industry. 2025 is a crucial year for ensuring home deliveries. Sunac plans to strive for the delivery of over 50,000 units and basically complete the task of ensuring home deliveries by the end of the year.
"For the projects to be delivered starting next year, they are basically new homes sold after 2022. Since the closed - management of pre - sale funds has been strictly implemented, the quality of delivery is guaranteed." A person familiar with the matter said that Sunac was the first to enter the final stage of ensuring home deliveries.
As of the first half of 2025, the total land reserve area of Sunac and its associated and jointly - operated companies was approximately 124 million square meters, and the equity land reserve area was approximately 86.24 million square meters. Currently, the company has sufficient land reserves.
In the past three years, Sunac has vigorously promoted debt reduction and de - leveraging, and its interest - bearing debt has been decreasing year by year. This year's mid - year performance report shows that Sunac's interest - bearing debt was 254.82 billion yuan, down 22.61 billion yuan from the same period last year and about 4.85 billion yuan less than at the end of last year. With the implementation of domestic and overseas debt restructuring, the debt pressure of tens of billions of yuan will be further alleviated, giving the company more hope for continued business recovery.