Logan Group Company (3380) investor relations material

Executive summary

• Revenue for H1 2026 was RMB1,503.5 million, down 55.8% year-over-year, mainly due to a significant decline in property development sales.

• Net loss for the period was RMB773.5 million, a reduction from RMB1,959.7 million in the prior year, mainly due to low gross profit margin and inventory impairment.

• Major progress was made in both offshore and onshore debt restructuring, with court-sanctioned schemes and over 62% of public bonds cancelled.

• Contracted sales reached RMB3,180 million, with the Greater Bay Area contributing nearly half.

• The group completed delivery of 6 project batches and maintained a land reserve of 22.44 million sq.m., focusing on the Greater Bay Area and Yangtze River Delta.

Financial highlights

• Revenue dropped to RMB1,503.5 million from RMB3,401.0 million year-over-year.

• Gross loss narrowed to RMB213.7 million from RMB1,366.6 million year-over-year.

• Net loss attributable to equity shareholders was RMB676.1 million, down from RMB1,782.2 million year-over-year.

• Total assets stood at RMB184,785.5 million, with cash and bank balances at RMB7,161.8 million as of 30 June 2026.

• No interim dividend was declared for H1 2026.

Outlook and guidance

• The group will continue to prioritize stabilizing operations, quality project delivery, and risk control.

• Efforts will focus on completing debt restructurings, restoring the capital structure, and resuming normal operations.

• Plans include accelerating property sales, asset disposals, and cost controls to improve liquidity.