Guangdong Land Holdings (124) H1 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2026 was HK$3,532 million, down 38.6% year-over-year due to lower property sales volume.

• Profit attributable to owners was HK$111 million, a 60.6% decrease compared to the same period last year.

• Gross profit margin declined, with gross profit at HK$893 million, down 56.7% year-over-year.

• The Group focused on property development and investment in the Greater Bay Area, with key projects in Shenzhen, Guangzhou, Foshan, Zhuhai, Zhongshan, Jiangmen, and Huizhou.

Financial highlights

• Revenue: HK$3,532 million (down 38.6% year-over-year).

• Gross profit: HK$893 million (down 56.7% year-over-year).

• Profit attributable to owners: HK$111 million (down 60.6% year-over-year).

• Basic EPS: HK6.49 cents (down 60.6% year-over-year).

• Net asset value per share: HK$1.92 (up 7.9% from 31 December 2025).

• Return on equity: 3.5% (down 4.1 ppt year-over-year).

Outlook and guidance

• The Group expects continued policy support for the real estate sector and stable demand in core cities of the Greater Bay Area.

• Focus remains on completing, selling, and operating existing projects, and exploring new high-quality opportunities.

• Management is confident in long-term prospects, aiming to enhance competitiveness and shareholder returns.