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

Executive summary

• Revenue for the six months ended 30 June 2026 was RMB4,537.4 million, down 63.1% year-over-year, with gross profit of RMB340.3 million and a gross margin of 7.5%.

• Net loss attributable to equity owners was RMB5,990.6 million, a slight improvement from RMB6,357.8 million in the prior year period.

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

• The Group maintained positive net cash from operating activities for five consecutive years.

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 RMB3,665.6 million, down 53.4% 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.

• Property management and other services income dropped 98.9% due to the disposal of Ever Sunshine Services Group Limited.

• Gross profit margin was 7.5%, compared to 8.0% in the prior year.

• Write-downs on properties held for sale and under development totaled RMB1,925.9 million.

• Fair value loss on investment properties was RMB1,305.0 million.

• Finance costs expensed were RMB1,187.6 million, down from RMB1,936.8 million year-over-year.

• No interim dividend declared.

Outlook and guidance

• The Group will focus on ensuring project delivery, deleveraging, and accelerating transformation to a real estate operation service provider.

• Plans include prioritizing cash flow, accelerating property sales, revitalizing assets, and increasing light-asset income.

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