China's Soho China Limited H1 revenue falls on weak leasing demand

SOHO China

31/08/2026 11:25

Overview
China commercial property lessor's interim revenue fell 8% on weak office and retail demand
Net loss attributable to owners narrowed to RMB34 mln from RMB92 mln a year earlier
Company highlights material uncertainties about ability to continue as going concern due to liquidity pressures

Outlook
Company expects continued challenges in office leasing market in second half of 2026
Company anticipates gradual market stabilization as macroeconomic policies take effect
SOHO China to maintain prudent business strategy and focus on operational efficiency

Result Drivers
WEAK LEASING DEMAND – Revenue fell 8% to RMB638 mln, mainly due to weak office and retail leasing-market demand
OCCUPANCY STABILIZATION - Co said average occupancy rate stabilized at 83% after securing new leases with high-quality tenants
TAX-EXPENSE SWING – Income tax swung to an RMB46 mln expense from an RMB0.5 mln credit, weighing on result
NARROWER PROPERTY REVALUATION LOSS – Investment-property fair-value losses narrowed to RMB25.4 mln from RMB144 mln

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Loss Attributable
 
RMB 34 mln
 

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Aug 28 - China moves to curb housing presales to shore up market confidence
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Aug 31 - China's property stocks fall as new rules upend presale funding playbook

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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.)