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Ganglong China Property Group (6968) investor relations material
Ganglong China Property Group H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for the six months ended 30 June 2025 was RMB1,631 million, down 70% year-over-year due to lower contracted sales and property recognition.
Net loss widened to RMB666 million from RMB154 million year-over-year, with gross loss of RMB450 million and gross loss margin of 28%.
The group delivered properties worth RMB1,631 million with a total area of 177,042 sq.m. and recorded contracted sales of RMB2,700 million (221,613 sq.m. GFA) at an ASP of RMB12,183/sq.m.
Management focused on cost control, debt structure optimization, and cash collection to ensure financial stability.
The real estate market in China remains under significant downward pressure, with a negative outlook for the second half of 2025.
Financial highlights
Gross loss was RMB450 million, compared to a gross profit of RMB290 million in the same period last year; gross loss margin was 28% (2024: gross margin 5%).
Net loss was RMB666 million, with loss attributable to owners at RMB330 million; basic and diluted loss per share was RMB0.20 (2024: RMB0.05).
Cost of sales was RMB2,081 million, including a net impairment provision of RMB392 million for properties under development and completed properties held for sale.
Selling and marketing expenses decreased 28% to RMB64 million; general and administrative expenses decreased 6% to RMB67 million.
Net finance costs decreased 29% to RMB29 million due to lower average principal balances.
Outlook and guidance
The group will focus on product quality, customer service, cost control, and cash collection to ensure financial stability.
Contracted sales target for 2025 is RMB4,800 million, with RMB2,699.8 million achieved in the first half.
Measures include enhanced sales incentives, cost reduction, and ongoing negotiations with creditors and contractors.
The group will continue strict expense control, cash collection, and financing structure optimization.
The real estate market is expected to remain under pressure in the second half of 2025, with a focus on financial stability, operational efficiency, and product quality.
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