Times China Holdings Limited (1233) investor relations material

Executive summary

• Revenue for the six months ended 30 June 2025 was RMB2,267.9 million, down 62.8% year-over-year due to a sharp decline in property sales volume.

• Net loss for the period increased 20.7% to RMB3,417.9 million, with loss attributable to owners at RMB3,436.1 million.

• Contracted sales fell 33.1% to RMB2.87 billion, with average contracted sales price stable at RMB12,643 per sq.m.

• The group managed costs and expenses effectively, but gross profit and margin declined.

Financial highlights

• Gross profit dropped 66.5% to RMB180.1 million; gross margin was 7.9% (vs. 8.8% prior year).

• Other income and gains rose to RMB195.0 million, mainly from a gain on debt restructuring.

• Finance costs nearly doubled to RMB1,155.3 million due to less interest capitalized.

• Basic and diluted loss per share was RMB163 cents (vs. RMB144 cents prior year).

• Cash and bank deposits at period end were RMB1,733.1 million, with restricted deposits of RMB1,121.2 million.

Outlook and guidance

• The property market in China remains in an adjustment phase, with transaction volume and prices expected to decline year-over-year in the second half of 2025.

• The group will focus on policy alignment, sales promotion, receivables collection, and debt management.