Gemdale Properties interim revenue falls amid market slump

Gemdale Properties and Investment

25/08/2026 13:46

Overview
China property developer's interim revenue fell sharply yr/yr amid prolonged property market slump
Net loss attributable to owners widened for the six months ended 30 June 2026
Company disposed of a subsidiary, boosting other income and gains for the period

Outlook
Company did not provide specific financial guidance for the current quarter or full year

Result Drivers
PROPERTY MARKET SLUMP - Co said prolonged property slump and weak purchasing power in Mainland China led to a significant drop in sales revenue from property delivery
SEGMENT REVENUE DECLINE - Property development segment revenue fell sharply and segment loss increased, mainly due to lower gross profit margin and reduced sales
SUBSIDIARY DISPOSAL - Co said other income and gains increased mainly due to a gain on disposal of a subsidiary

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Loss Attributable
 
RMB 1.12 bln
 

Analyst Coverage
The stock recently traded at 0 times the next 12-month earnings vs. a P/E of 0 three months ago

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-25/c288a484-2bdc-4e31-bf4c-7771fe5fa690.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.)