GREENTOWN CHINA (03900) announced its interim results, reporting a profit attributable to owners of HK$81.715 million, a year-on-year decrease of 61.07%.

GREENTOWN CHINA (03900) announced its mid-year results for 2026, with revenue of approximately RMB 39.481 billion, a year-on-year decrease of 26.02%; the profit attributable to the owners of the company was RMB 81.715 million, a year-on-year decrease of 61.07%; earnings per share were RMB 0.03. The announcement stated that the decrease in profit was primarily due to the decline in both the transferred area and average price compared to the same period last year, leading to a reduction in revenue. Additionally, as the real estate market remains in an adjustment period and the company continues to actively promote inventory reduction for long-term development, the gross profit margin of revenue recognized in this period has decreased. Furthermore, an impairment provision and net fair value loss of related assets amounting to RMB 1.908 billion were recorded for the mid-year of 2026 (mid-year of 2025: RMB 1.938 billion), thereby affecting the profit attributable to the owners of the company. As of June 30, 2026, the Group had a total of 149 land reserve projects (including those under construction and awaiting construction), with a total floor area of approximately 22.89 million square meters, of which the attributable total floor area was about 14.34 million square meters; the total saleable area was approximately 15.17 million square meters, with an attributable saleable area of about 9.27 million square meters; the average land floor price was approximately RMB 8,438 per square meter. The proportion of high-tier cities further increased compared to the end of 2025, with the value in first- and second-tier cities (including overseas) accounting for approximately 82%, and the Yangtze River Delta region accounting for about 67%.