China's Skyfame Realty H1 net loss widens, revenue flat; co remains in liquidation

Skyfame Realty (Holdings)

22/09/2026 01:30

Overview
China real estate developer's half-year revenue was nearly flat yr/yr at RMB 51.1 mln
Net loss attributable widened to RMB 253.5 mln for the six months ended 30 June 2026
Company remains in liquidation and trading suspension continues

Outlook
The Group plans to extend into elderly care, community healthcare and housekeeping as value-added service revenue is expected to exceed 40% in 2026

Result Drivers
ABSENT IMPAIRMENT REVERSAL – Net loss widened to RMB253.5 mln, primarily due to the absence of a RMB101.7 mln one-off reversal of impairment losses on deconsolidated subsidiaries
FEWER MANAGED PROPERTIES – Revenue fell 1.2% to RMB51.1 mln as the number of properties under management declined to 15 from 16
VENDOR COST CONTROLS – Gross margin rose to 56.6% from 50.7% due to stricter cost controls, including improved vendor engagement processes 

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 51.1 mln
 
H1 Net Loss Attributable
 
RMB 253.5 mln
 

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Press Release https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0922/2026092101579.pdf
(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.)