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Glory Health Industry (2329) investor relations material
Glory Health Industry H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for 2025 was RMB1,035.6 million, down from RMB2,705.3 million in 2024, with property development revenue at RMB606.6 million and property investment revenue at RMB247.4 million.
Gross loss for 2025 was RMB308.1 million, compared to a gross profit of RMB555.6 million in 2024.
Total comprehensive loss for 2025 was RMB1,769.4 million, widening from RMB1,415.5 million in 2024.
Contracted sales for 2025 were RMB2,122.7 million, mainly from Beijing, Xi'an, and Haikou.
The company is accelerating transformation from real estate to health industry, focusing on health living communities and online medical services.
Financial highlights
Revenue decreased by 61.7% year-over-year; property development revenue fell sharply.
Gross loss of RMB308.1 million in 2025 versus gross profit of RMB555.6 million in 2024.
Net loss attributable to owners was RMB1,822.5 million; basic and diluted loss per share was RMB0.41.
Cash, restricted bank deposits, and bank balances totaled RMB243.6 million at year-end.
Outstanding borrowings were RMB23,815.4 million, with RMB3,700.4 million in senior notes.
Outlook and guidance
Policy support for real estate is expected to increase in 2026, but market recovery will be slow due to weak buyer confidence and ongoing industry downturn.
The company will continue to reduce real estate exposure and focus on health industry transformation.
Plans to enhance service levels, product quality, and debt structure to ensure sustainable development.
- Revenue and contracted sales plunged, net loss widened, and a strategic shift to health is underway.2329
H1 202530 Sep 2025 - Revenue declined, but net loss narrowed as the group pivots to health and urban renewal.2329
H1 202424 Sep 2025 - Losses deepened despite higher revenue, with significant going concern risks flagged by the auditor.2329
H2 202424 Sep 2025
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