China's Kaisa Group HY revenue falls on property-sales weakness

Kaisa group

31/08/2026 14:44

Overview
China property developer's interim revenue for six months ended June 2026 fell 41% yr/yr
Net loss attributable for the period narrowed by 7% yr/yr
Gross profit for the period increased

Outlook
Kaisa says repayment terms on RMB391.1 mln of borrowings have been extended to 2028

Result Drivers
PROPERTY DELIVERY PRICING – Property-sales revenue fell 65.8% as selling prices and delivered GFA declined to 0.09 mln sq.m. from 0.11 mln sq.m.
LOWER DELIVERY COSTS – Gross margin rose to 25.8% from 12.5%, primarily due to lower costs for properties completed and delivered

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 2.20 bln
 
H1 Net Loss Attributable
 
RMB 9.33 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 CIFI Holdings H1 revenue falls 63% on lower property deliveries

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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.)