Greentown China (03900) announced interim results. Profit attributable to owners of 81.75,000 yuan decreased by 61.07% year-on-year

According to the Zhitong Finance App, Greentown China (03900) announced its 2026 interim results, with revenue of about 39.481 billion yuan, a year-on-year decrease of 26.02%; profit attributable to company owners was 81.755 million yuan, a year-on-year decrease of 61.07%; and profit per share was 0.03 yuan.

According to the announcement, the decrease in profit was mainly affected by the year-on-year decline in the Group's carry-over area and average price in the first half of the year, leading to a decrease in revenue; at the same time, since the real estate market is still in an adjustment period and the company continues to actively promote long-term inventory removal in order to promote long-term development, the gross margin of revenue carry-over for the current period declined. In addition, net losses from impairment of related assets and changes in fair value were calculated in mid-2026 of $1,908 million (mid-2025: $1,938 million), which in turn affected profits attributable to company owners.

As of June 30, 2026, the group had 149 land reserve projects (both under construction and to be built), with a total construction area of about 22.89 million square meters, of which the total equity construction area is about 14.34 million square meters; the total saleable area is about 15.17 million square meters, and the equity saleable area is about 9.27 million square meters; the average floor price is about RMB 8,438 per square meter. The share of high-energy cities increased further compared to the end of 2025. Tier 1 and 2 cities (including overseas) accounted for about 82% of the value of goods, and the Yangtze River Delta region accounted for about 67%.