Powerlong Real Estate HY revenue down 38% on lower rental income

Powerlong Real Estate Holdings

28/08/2026 11:34

Overview
China property developer's half-year revenue fell 38% yr/yr to RMB8.18 bln
Loss attributable to owners narrowed 78% yr/yr to RMB592 mln
Rental and property management income declined 11% yr/yr

Outlook
Company did not provide specific financial outlook

Result Drivers
CONTRACTED SALES DROP - Co said revenue decline was driven by lower contracted sales, which fell to RMB3.42 bln
RENTAL AND MANAGEMENT INCOME - Rental and property management income declined 11% yr/yr, contributing to lower overall revenue

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 8.18 bln
 

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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.)