Road King Halts Land Buys as Sales Plummet 41%

Edgen Stock

·Mar 27 2026, 07:53

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Key Takeaways

Chinese developer Road King Infrastructure is facing severe financial distress, reporting a major sales decline for 2025 and halting all new land acquisitions as it undergoes debt restructuring. The announcement signals deepening stress within China's property sector, as the company prioritizes operational survival over expansion.

Sales Plunge: Property sales for 2025 fell by 41% year-over-year to 7.390 billion RMB.
Acquisitions Frozen: The company has suspended participation in land auctions to preserve capital for daily operations.
Liquidity Crisis: The move is a direct result of "significant liquidity pressure" and an ongoing debt restructuring process.

Property Sales Collapse 41% to 7.39 Billion RMB

Road King Infrastructure Limited revealed a sharp deterioration in its financial health in its 2025 annual results. The Hong Kong-listed developer saw its property sales, including those from joint ventures and associate projects, collapse by approximately 41% from the previous year, totaling just 7.390 billion RMB. This steep decline underscores the intense pressure on the company's revenue streams as China's property market continues to struggle with weak buyer demand and tight credit conditions.

Land Acquisitions Suspended Amid Debt Restructuring

In a direct response to its financial troubles, Road King has officially suspended all participation in land auctions. The company cited "significant liquidity pressure" and its ongoing debt restructuring as the primary reasons for the halt, stating the decision was made to conserve cash for essential daily operations. This freeze on expansion leaves the company with a current land reserve of 2.2 million square meters, a portion of which is already sold but not yet delivered. The move signals a pivot from growth to survival, a trend seen across other highly indebted Chinese developers.