Xinming China Holdings' HY revenue rises on property sales strength

Xinming China Holdings

31/08/2026 16:08

Overview
China property developer's interim revenue rose 66.8% yr/yr for six months ended June 2026
Gross profit fell 74.4% yr/yr, loss attributable to owners narrowed by 20.9%

Outlook
 Group intends to sell Shandong residential and Taizhou, Hangzhou and Shanghai commercial properties as packages

Result Drivers
SUBSIDIARY DECONSOLIDATION GAIN – Loss narrowed mainly on a RMB57.9 mln gain from deconsolidating Hangzhou Xinming after its liquidation order
SHANDONG PROJECT SALES – Property sales rose 68.4% to RMB54.9 mln, mainly due to increased sales in phase 4 of the Shandong Project
 LOWER OVERHEADS – Selling and administrative expenses fell 52.7%, aided by controls on commercial-project marketing and labour and office costs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 55.30 mln
 

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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.)