CIFI Holdings (Group) Co (884) investor relations material

Executive summary

• Contracted sales for H1 2026 were RMB5.02 billion, down over 50% year-over-year; recognised revenue was RMB4.54 billion, down 63%.

• Net loss for the period was RMB6.19 billion, with net loss attributable to equity owners at RMB5,990.6 million, a slight improvement from the prior year.

• Gross profit for H1 2026 was RMB340.3 million, with a gross margin of 7.5%.

• Outstanding total indebtedness decreased to RMB48.5 billion, down from RMB84.2 billion at the 2021 peak.

• The real estate sector remained under pressure, with policy support and market stabilization measures, but overall industry volume stayed at a bottoming phase.

Financial highlights

• Contracted sales fell 50.6% year-over-year to RMB5.02 billion; contracted GFA dropped 50.5% to 489,900 sq.m.

• Recognised revenue from property sales was RMB3.67 billion, down 53% year-over-year; ASP recognised was RMB9,281/sq.m., down 15.7%.

• Leases and other service income was RMB730.3 million, down 7.1% year-over-year.

• Write-downs on properties held for sale and under development totaled RMB1.93 billion; fair value loss on investment properties was RMB1.31 billion.

• Finance costs expensed were RMB1.19 billion, down from RMB1.94 billion year-over-year.

Outlook and guidance

• The company will focus on cash flow, net asset preservation, and high-quality project delivery in H2 2026.

• Strategic shift towards light-asset operations and revitalization of existing assets to drive long-term growth.

• Continued cost control, risk management, and operational recovery are priorities.

• The Group is actively pursuing asset disposals, creditor engagement, and restructuring of offshore financial obligations.