China Oriental H1 revenue slips on weaker steel, property sales

China Oriental

31/08/2026 14:47

Overview
China steel and real estate group's H1 revenue fell 8% yr/yr on weaker steel and property sales
Net income attributable to owners rose 19% yr/yr, despite lower adjusted profit for the period
Company did not declare an interim dividend for the period

Result Drivers
STEEL SALES DROP - Co said lower sales volume and weaker pricing in self-manufactured steel products contributed to revenue decline
REAL ESTATE WEAKNESS - Co reported lower real estate revenue and segment losses, citing impairment provisions on properties under development and held for sale
IMPAIRMENT PROVISIONS - Co booked impairment provisions on real estate assets and loan receivables related to lower-tier cities, impacting adjusted profit

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 18.22 bln
 
H1 Net Income Attributable
 
RMB 241 mln
 

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-31/e9318280-bef8-4359-851e-be55b1cbaa8b.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.)