Property manager Landsea Green Life's H1 revenue falls on exits from loss-making projects

Landsea Green Life Service

28/08/2026 15:20

Overview
China property manager's H1 2026 revenue fell 8% yr/yr to RMB358 mln
Gross profit dropped 28.8% and margin narrowed to 14.5% from 18.7%
Profit for the period rose to RMB5 mln from RMB1 mln, aided by lower expenses

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

Result Drivers
LOSS-MAKING PROJECT EXITS – Revenue fell 8.2% as the group withdrew from loss-making projects and reduced reliance on developer-linked business
WEAKER CONSUMER SPENDING – Community value-added revenue fell 25.0% amid lower consumer spending sentiment

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 358 mln
 

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-28/4277793c-d8ff-4460-8179-9bb0d4e5d046.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.)