Zhong An Group's H1 revenue plunges, posts net loss on lower property deliveries, sale prices

Zhong An

21/08/2026 15:29

Overview
China property developer's H1 revenue fell 75% yr/yr amid lower property deliveries
Company posted net loss attributable of RMB219.3 mln, versus profit a year earlier
Gross profit margin dropped to 7.9% from 10.5% on lower average property sales prices

Outlook
Company did not provide specific financial guidance for the current or future periods in the press release

Result Drivers
LOWER PROPERTY DELIVERIES - Co said revenue and cost of sales fell mainly due to a substantial decrease in area of properties delivered versus prior year
LOWER SALES PRICES - Co said gross profit margin dropped mainly due to decrease in average property sales price versus prior year
ABSENCE OF ONE-TIME GAIN - Co said other income and gains fell due to lack of one-time gain from re-measurement of investments in an associate recorded last year

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 1.61 bln
 
H1 Net Loss Attributable
 
RMB 219.3 mln
 

Reuters Recommended Reads
Aug 21 - Hong Kong's Tian An China Investments H1 revenue falls sharply amid lack of project handover
Aug 21 - Hong Kong's Kowloon Development H1 net income rises on revaluation gains
Aug 21 - China's January-July government land sales revenue down 30.8% on year

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-21/38e8847a-c061-442a-952f-663bb1b1ca27.file
(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.)