Times China Holdings interim revenue falls 49% on property delivery decline

Times China Holdings

28/08/2026 13:35

Overview
China property developer's interim revenue dropped 49%, marking a sharp decline from last year
Net profit attributable to owners turned positive, reversing a loss in prior period
Company says improved results driven by effective cost and expense control

Outlook
Company did not provide specific financial outlook

Result Drivers
COST CONTROL - Co said improved profit performance was due to effective management of costs and control of expenses
PROPERTY DELIVERY DECLINE – Revenue fell 49.4% to RMB1.15 bln, primarily due to lower property-sales area delivered
ONSHORE DEBT RESTRUCTURING – Profit turnaround was primarily driven by partial completion of the onshore debt restructuring, generating an RMB7.8 bln gain

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 1.15 bln
 
H1 Net Income Attributable
 
RMB 3.69 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.)