China SCE Group half-year revenue falls sharply on lower property deliveries

China SCE group

27/08/2026 11:31

Overview
China property developer's half-year revenue fell sharply yr/yr
Net loss attributable to owners of the parent narrowed slightly yr/yr
Gross profit margin for the period was 6.1%

Outlook
Company did not provide specific financial guidance or outlook for the current or future periods

Result Drivers
PROPERTY WRITE-DOWNS - Significant write-downs to net realisable value of completed properties and properties under development contributed to losses
INVESTMENT-PROPERTY REVALUATIONS - RMB1.75 bln of fair-value losses reflected depreciation in certain SCE Funworld malls and offices in four cities
LOW-MARGIN PROJECT MIX – Gross margin fell to 6.1% from 20.8% due to delivery of certain projects with lower gross profit margins

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 7.68 bln
 
H1 Net Loss Attributable
 
RMB 3.39 bln
 

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(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.)