China Chengtong Development Group (00217) is pleased to see a significant increase of about 343% year-on-year in profit attributable to shareholders of about HK$43.8 million in the first half of the year

According to Zhitong Finance App News, China Chengtong Development Group (00217) announced that the Group expects to obtain approximately HK$43.8 million in profit attributable to the Company's owners in the first half of 2026, a significant increase of about 343% over the profit attributable to the Company's owners of approximately HK$9.88 million earned in the six months ending June 30, 2025.

The Group's expected sharp increase in profit attributable to the Company's owners in the first half of 2026 is mainly due to the combined impact of the following factors: the Group's leasing business continued to expand, and the scale of interest-bearing assets increased significantly compared to the same period last year, driving a significant increase in rental income and related income; and a sharp increase in property delivery volume under the property development and investment business compared to the same period last year, leading to a significant increase in sales revenue. Driven by the above factors, the Group expects consolidated gross profit for the first half of 2026 to increase by approximately HK$44.74 million over the same period last year.