China's Yuexiu Property H1 revenue falls 23%, profit drops sharply

Yuexiu Property

28/08/2026 09:43

Overview
China real estate developer's H1 revenue fell 23% yr/yr to RMB36.65 bln
Gross profit margin dropped 4.4 percentage points to 6.2% in H1
Core net profit declined 94.6% yr/yr amid challenging market and destocking

Outlook
Yuexiu Property did not provide specific financial guidance or outlook for future periods in the press release

Result Drivers
DESTOCKING IMPACT - Co said increased sales from existing inventory contributed to notable progress in destocking, with contracted sales value falling 17.9%
PROPERTY MARKET MARGINS – Pressure on project margins amid the PRC property-market adjustment cut property-development gross profit

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 36.65 bln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Yuexiu Property Company Limited is HK$5.10, about 38% above its August 27 closing price of HK$3.70

Reuters Recommended Reads
Aug 27 - Chinese Property developer C&D International H1 revenue falls on lower property deliveries
Aug 26 - China's Zhenro Properties H1 revenue drops sharply, net loss widens
Aug 27 - China's JY Grandmark H1 revenue falls 71%, net loss widens on lower property deliveries

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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.)