China SCE Group (1966) H1 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2026 was RMB7.68 billion, down 58.5% year-over-year, mainly due to a sharp decline in property sales income.

• Gross profit margin fell to 6.1% from 20.8% year-over-year, with gross profit dropping 87.8% to RMB469 million.

• Loss attributable to owners was RMB3.39 billion, a 2.5% decrease from the prior year period.

• Contracted sales amounted to RMB2.18 billion, down 41.8% year-over-year, with contracted sales area down 39.1%.

Financial highlights

• Revenue: RMB7.68 billion (down 58.5% year-over-year).

• Gross profit: RMB469 million (down 87.8% year-over-year); gross margin: 6.1%.

• Loss attributable to owners: RMB3.39 billion (down 2.5% year-over-year).

• Basic and diluted loss per share: RMB(0.804).

• Cash and bank balances: RMB2.73 billion as of 30 June 2026.

• Total borrowings: RMB31.91 billion.

Outlook and guidance

• Market expected to remain in a bottoming-out phase with subdued transaction volumes.

• Focus on asset management, flagship project development, and operational quality improvement.

• Continued emphasis on customer-centric product innovation and sales strategy adaptation.