Chinese property developer LVGEM's H1 revenue surges on project delivery

LVGEM (China) Real Estate Investment

28/08/2026 11:39

Overview
China property developer's H1 revenue surged yr/yr, net loss narrowed
Company faces ongoing liquidity pressures and is restructuring borrowings to avoid liquidation

Outlook
High Court will hear the winding-up petition against LVGEM on 5 October 2026 after granting a further adjournment

Result Drivers
BAISHIZHOU PROJECT DELIVERY – Revenue rose 840% yr/yr, driven by property sales from delivered Phase I of Baishizhou Jingting and LVGEM International Garden
LOWER PROPERTY WRITEDOWNS – Loss narrowed as investment-property fair-value losses fell to RMB11.0 mln and property impairments declined to RMB22.7 mln

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 9.77 bln
 
H1 Net Loss Attributable
 
RMB 554.5 mln
 

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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.)