KRP Development Holdings (2421) H1 2026 earnings summary

Executive summary

• H1 FY2026 revenue was RMB68.818m, down 34% YoY; profit attributable to shareholders was RMB10.042m, down 51%.

• Reported profit before tax fell 56% to RMB18.967m; excluding investment-property valuation losses, it was RMB20.940m, down 51%.

Financial highlights

• Gross profit was RMB37.626m versus RMB63.641m; operating profit was RMB17.527m versus RMB41.147m.

• Net profit was RMB10.042m versus RMB20.575m; basic and diluted EPS were RMB2.0 cents versus RMB4.1 cents.

• Investment-property fair-value losses were RMB1.973m versus RMB0.439m; income tax charge was RMB8.925m versus RMB22.131m.

• Net finance income was RMB1.440m; total comprehensive income was RMB10.414m versus RMB20.642m.

Outlook and guidance

• Long Feng Villa’s night-tour project began construction in September 2025, had trial operations during the October National Day holiday, and was expected to start full operations in 2025 after facility improvements.

• Foshan Project development timing will reflect market sentiment and supply-demand conditions; discussions with relevant government departments continue.

• Priorities include cautious operations, flexible marketing, inventory reduction and cash recovery, cost efficiency, and diversified income through culture, tourism, commerce and living.