Ganglong China Property H1 revenue slumps on lower contracted sales

Ganglong China Property

28/08/2026 14:34

Overview
China property developer's H1 revenue fell 46% yr/yr to RMB888 mln
Company posted net loss of RMB727 mln, wider than prior-year period
Selling and administrative expenses dropped 26% yr/yr to RMB97 mln

Outlook
 Ganglong China expects China's real estate market to remain under adjustment pressure in H2 2026
Group plans to accelerate property sales and cash collection, seek debt extensions and dispose of project stakes to improve liquidity

Result Drivers
LOWER PROPERTY SALES – Revenue fell 46% to RMB888 mln, primarily due to lower contracted sales and recognition of properties sold
 
PROPERTY IMPAIRMENTS – Gross loss widened to RMB504 mln as adverse market conditions and relatively higher property impairment reduced margin

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 887.2 mln
 

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Aug 28 - China's Huijing Holdings HY revenue falls on lower property deliveries
Aug 28 - China to reform home sales system to curb delivery risks

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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.)