Greenland HK's half-year loss widens on weak property market

Greenland Hong Kong Holdings

28/08/2026 13:50

Overview
Hong Kong property developer's half-year revenue fell sharply from prior year
Company posted significantly bigger net loss attributable to shareholders for the period
Gross loss reported for the half-year, compared to gross profit last year

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

Result Drivers
REVENUE DECLINE - Co's half-year revenue fell 66% as recognised GFA (Gross Floor Area) from delivered properties dropped 57% to 223,686 sq.m.
GROSS LOSS - Co reported gross loss for the period, reversing gross profit from previous year as the property-market downturn cut margin to -24% from 10%

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 2.34 bln
 
H1 Net Loss Attributable
 
RMB 1.41 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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Aug 28 - China's Mingfa Group HY loss widens on commercial property market woes

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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.)