China's Ronshine China Holdings H1 revenue falls 62% on lower property deliveries

Ronshine China Holdings

31/08/2026 15:35

Overview
China property developer's half-year revenue fell 62% yr/yr
Net loss attributable to owners widened compared to prior year period
Gross profit dropped 92% yr/yr amid weaker contracted sales

Outlook
Ronshine China plans to accelerate property pre-sales, sales and receivables collection to ease liquidity pressure
Group seeks renewed and new financing while pursuing a holistic solution with overseas creditors for debt obligations
Ronshine China expects China's property market to remain in deep adjustment and optimisation in H2
 
 

Result Drivers
CONTRACTED SALES DROP - Co said contracted sales fell 39% yr/yr, contributing to lower revenue and gross profit 
MARGIN PRESSURE - Gross margin fell to 5.89% from 26.61%, primarily due to lower average gross profit margins on delivered projects
SUBSIDIARY DISSOLUTION LOSSES - Other net losses widened to RMB480.83 mln from RMB37.14 mln, primarily due to higher losses from dissolving subsidiaries

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 798.91 mln
 
H1 Net Loss Attributable
 
RMB 1.57 bln
 

Reuters Recommended Reads
Aug 31 - Chinese property developer Agile Group's H1 revenue falls, net loss widens amid weak demand
Aug 31 - China's Kaisa Group HY revenue falls on property-sales weakness
Aug 31 - China's property stocks fall as new rules upend presale funding playbook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)