Country Garden posts H1 loss, says able to meet financial obligations for next 12 months

Country Garden Holdings

28/08/2026 11:44

Overview
China property developer's H1 revenue fell to RMB 44.08 bln
Company's net loss attributable to shareholders narrowed to RMB 15.62 bln for H1
Borrowings fell from about RMB148 7mln as at Dec 31 to RMB142.7 mln as at June 30
Total cash was RMB16,675 mln as of June 30
Results reflect ongoing market adjustment and focus on debt restructuring, property delivery

Outlook
Company says no interim dividend for the six months ended June 30
Company says will be able to meet its financial obligations as and when they fall due within 12 months from June 30
Company expects continued industry adjustment and will focus on operational transition in H2 2026

Result Drivers
MARKET ADJUSTMENT - Co said revenue decline reflects ongoing adjustment in China's real estate market, especially in lower-tier cities
LOWER PROPERTY DELIVERIES – Property-development revenue fell 39.5% due to lower gross floor area delivered
PROPERTY WRITE-DOWNS – Gross loss primarily reflected RMB6.17 bln of write-downs on properties under development and completed inventory
CREDIT IMPAIRMENTS – Loss before tax included RMB3.79 bln in impairment losses amid adverse macro and industry conditions and counterparties' financial stress

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 44.08 bln
 
H1 Net Loss Attributable
 
RMB 15.62 bln
 

Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 2 "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 Country Garden Holdings Co Ltd is HK$0.23, about 16.8% above its August 28 closing price of HK$0.20

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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.)