Chinese Property developer C&D International H1 revenue falls on lower property deliveries

C&D International Investment

27/08/2026 09:43

Overview
China property developer's interim revenue fell 48% yr/yr amid shrinking market transaction scale
Net income attributable to equity holders declined about 10% yr/yr
Company did not declare an interim dividend for the period

Outlook
Company says China's real estate market shows signs of bottoming out but transaction scale remains weak
Company notes stronger resilience in first-tier and strong second-tier cities, weaker demand in lower-tier cities

Result Drivers
MARKET SHRINKAGE - Co said national real estate market transaction scale continued to shrink, weighing on revenue
SEGMENT WEAKNESS - Revenue from property development segment fell 53% yr/yr, reflecting weaker performance in that area
LOWER DELIVERIES - Saleable GFA delivered declined to 1.021 million sq.m. from 1.901 million sq.m. a year earlier

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 17.80 bln
 
H1 Net Income Attributable
 
RMB 825.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for C&D International Investment Group Ltd is HK$19.90, about 21.8% above its August 26 closing price of HK$16.34
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 26 - China's Logan Group half-year revenue falls amid weak property demand
Aug 26 - China's Seazen Group H1 revenue falls on lower property sales
Aug 26 - China's Zhenro Properties H1 revenue drops sharply, net loss widens

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-27/e6475af9-bca4-4e83-8e7a-d48a2c56e000.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)