Huafa Industrial Co Ltd Zhuhai

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Huafa Industrial's 2026 interim report shows net loss of 3.654 billion yuan, swinging from profit to loss year-on-year

Huafa Industrial released its 2026 interim report. Total operating revenue was 19.029 billion yuan, down 50.18% year-on-year. Net profit attributable to the parent company was negative 3.654 billion yuan, swinging from profit to loss year-on-year, a decline of 2,225.71%. Net cash flow from operating activities was negative 864 million yuan, down 109.10% year-on-year. The company's asset-liability ratio was 68.75%, gross margin was 5.33%, return on equity was negative 61.98%, and diluted earnings per share was negative 1.36 yuan. The number of shareholders was 54,000, and the top ten shareholders held 40.01% of total share capital.

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Huafa Industrial Reports First-Half Net Loss of 3.654 Billion Yuan, Swinging from Profit to Loss Year-on-Year

Huafa Industrial disclosed its semi-annual report on August 30. In the first half of 2026, the company achieved operating revenue of 19.029 billion yuan, down 50.18 percent year-on-year. Net loss attributable to shareholders of the listed company was 3.654 billion yuan, compared with a profit of 172 million yuan in the same period last year, swinging from profit to loss year-on-year.

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Huafa Industrial Shares posts first-half loss of 3.65 billion yuan, net operating cash flow at negative 864 million yuan

Huafa Industrial Shares released its 2026 interim report. First-half operating revenue was 19.03 billion yuan, down 50.2 percent year on year. Net loss attributable to the parent company was 3.65 billion yuan, down 2,225.7 percent year on year. Net operating cash flow was negative 864 million yuan, down 109.1 percent year on year. In the second quarter, operating revenue was 14.99 billion yuan, down 24.0 percent year on year, while the net loss attributable to the parent company widened from 18.58 million yuan a year earlier to 2.71 billion yuan. As of the end of the second quarter, total assets were 335.159 billion yuan, down 5.8 percent from the end of the previous year, and net assets attributable to the parent company were 5.896 billion yuan, down 37.6 percent from the end of the previous year. The company said the real estate industry faces considerable pressure, but core city markets are performing strongly, with Zhuhai standing out. At the same time, it is improving efficiency through strategies such as revitalizing existing assets, commercial operations and property services. First-half rental income was 380 million yuan, and property services revenue rose 8.6 percent year on year.

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Sunac and Huafa file mutual arbitration claims of nearly 1 billion yuan over ice and snow project renamed in June

Sunac Culture & Tourism and Huafa Industrial have initiated mutual arbitration over a cooperation contract dispute, each claiming approximately 480 million yuan. Sunac Culture & Tourism first applied to the Guangzhou Arbitration Commission for a ruling that Zhuhai Huafa Real Estate and Shenzhen Ronghua Land pay liquidated damages totaling 482 million yuan. The two Huafa entities then filed counterclaims, demanding that Sunac Culture & Tourism bear liability for breach of contract and pay 481.5 million yuan. The dispute stems from a jointly developed ice and snow cultural tourism project in Qianhai, Shenzhen, valued in the tens of billions of yuan. The project company, Shenzhen Ronghua Land, was initially 51 percent owned by Sunac Culture & Tourism and 49 percent by Huafa. In 2023, Huafa acquired all of Sunac's equity for approximately 3.582 billion yuan, gaining full control, but Sunac Culture & Tourism retained a repurchase right exercisable before November 23, 2025. Effective June 1, 2026, the ski resort brand name was refreshed as Qianhai Ice and Snow World.

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Huafa Industrial Subsidiary Transfers 60% Stake in Huatong Real Estate for 697 Million Yuan

Huafa Industrial’s wholly-owned subsidiary, Zhuhai Huaxin Investment Development, has transferred its 60% equity stake in Zhuhai Huatong Real Estate Development to Zhuhai Wanyeweizhu Enterprise Management through a public listing process, with a transaction price of 697 million yuan. The buyer was confirmed on July 29, 2026, and the listing floor price matched the final transaction price. There are no other relationships between the counterparty and the company, and the counterparty is not listed as a dishonest judgment debtor. In the first quarter of 2026, Huafa Industrial reported revenue of 4.038 billion yuan and a net loss attributable to the parent company of 946 million yuan.

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Huafa Industrial Forecasts Attributable Net Loss of 3 Billion to 4 Billion Yuan for First Half of 2026

Huafa Industrial disclosed its earnings forecast, projecting an attributable net loss of 3 billion to 4 billion yuan for the first half of 2026, compared with a profit of 172 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 2.8 billion to 3.8 billion yuan, versus a profit of 152 million yuan a year earlier. The company's main business is real estate development and operation. The change in performance is mainly due to the ongoing adjustment in the real estate market, which has led to a decline in the scale of carried-over revenue and gross margins, the provision for asset impairment losses, and an increase in interest expenses.

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Huafa Property lowers private placement cap to 2.65 billion yuan, controlling shareholder lock-up extended to 36 months

Huafa Property has adjusted its 2026 A-share private placement plan, reducing the fundraising cap from 3 billion yuan to 2.65 billion yuan. The controlling shareholder, Huafa Group, will correspondingly lower its subscription amount to no more than 2.65 billion yuan. The maximum number of shares to be issued has been raised from 713 million to 808 million, with the calculation base changed to 30 percent of total share capital after excluding treasury shares. Two projects have been removed from the investment list: Hangzhou Wuyu Linchen Court and Zhuhai Huafa Fengjing Bay Phase Two. The allocation of funds to the remaining seven real estate projects remains unchanged. The pricing base date has been shifted from the board resolution announcement date to the first day of the issuance period, eliminating the previously fixed floor price of 4.21 yuan per share. The issue price will now be determined with a floor set at the 20-day average price prior to issuance. Lock-up rules have been tightened: the basic lock-up period for shares subscribed by Huafa Group has been uniformly extended from 18 months to 36 months. If its shareholding exceeds 30 percent, the 36-month lock-up requirement remains in place.

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