Greentown China Holdings H1 revenue falls sharply

Greentown China Holdings

25/08/2026 13:25

Overview
China property developer's half-year revenue declined sharply yr/yr
Net income attributable to owners fell significantly for the period
Company reduced interest-bearing liabilities and achieved record low average borrowing costs

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

Result Drivers
DEBT REDUCTION - Co said it continued to reduce interest-bearing liabilities, with short-term debt at a low level
BORROWING COSTS - Co reported record low average interest cost of total borrowings at 3.2% for the period
CONTRACTED SALES - Co achieved RMB94.7 bln in total contracted sales, ranking 4th in the industry

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 39.48 bln
 
H1 Net Income Attributable
 
RMB 82 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and 1 "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 Greentown China Holdings Limited is HK$11.10, about 40.6% above its August 25 closing price of HK$7.90
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads
Aug 25 - China's Greentown Management H1 revenue rises 7% on project expansion
Aug 24 - Yuexiu Services' H1 revenue falls amid property sector slowdown
Aug 23 - China's property crisis grinds on after Evergrande sentencing

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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.)