Gemdale Corp — MarketDX

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Gemdale Corporation Reports Net Loss of 2.752 Billion Yuan in 2026 Interim Report

Gemdale Corporation released its 2026 interim report, showing total operating revenue of 12.541 billion yuan, down 20.01% year-on-year, and a net loss attributable to the parent company of 2.752 billion yuan. Net cash inflow from operating activities was 787 million yuan, the asset-liability ratio was 64.21%, the gross margin was 16.88%, and diluted earnings per share was negative 0.61 yuan. The company had 90,500 shareholders, with the top ten shareholders holding 42.66% of total share capital.

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Shanghai unveils new property market measures, multiple real estate stocks hit daily limit in afternoon trading

On August 20, the A-share real estate development sector was active in the afternoon, with multiple stocks including Shanghai Chengtou Holding and Fuxing Shares hitting their daily limit up, while Rongan Property, Cinda Real Estate, and Gemdale Corporation followed higher. On the news front, six departments including the Shanghai Municipal Commission of Housing and Urban-Rural Development and Management jointly issued the Notice on Optimising the City's Real Estate Policy Measures, effective from August 21, 2026. It mainly includes eight policy measures across five areas: optimising housing provident fund withdrawals, optimising personal housing credit, implementing trade-in home purchase subsidies, promoting housing voucher resettlement, and advancing the acquisition of second-hand homes. Yan Yuejin, vice president of the Shanghai E-House Real Estate Research Institute, said the policy further reflects support for residents' rigid and improvement housing demand and plays a positive role in consolidating the market's stable and improving trend. Earlier on August 7, Beijing had issued a notice on optimising real estate policies, covering seven measures in three areas: optimising housing purchase restrictions, improving housing gift policies, and increasing housing provident fund support. At the national level, the State Council's decision to amend the Housing Provident Fund Management Regulations has been announced, effective from September 20, 2026, expanding provident fund withdrawal scenarios from six to nine. Huatai Securities believes that the increase in provident fund loan limits will drive demand for low-total-price housing to shift from renting to buying, and if structural interest rate cuts on provident funds occur in the future, it will further help stabilise the market.

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Gemdale Corporation's July Contracted Sales Amount to 1.5 Billion Yuan, Down 41.86% Year-on-Year

Gemdale Corporation announced that in July 2026, the company achieved contracted sales of 1.5 billion yuan, a year-on-year decrease of 41.86%. The contracted sales area for the month was 106,000 square meters, down 41.11% year-on-year. From January to July 2026, the company's cumulative contracted sales amounted to 11.03 billion yuan, a year-on-year decline of 44.10%; the cumulative contracted sales area was 781,000 square meters, down 45.54% year-on-year. In the first quarter of 2026, Gemdale Corporation reported revenue of 7.882 billion yuan, with a net loss attributable to shareholders of 680 million yuan.

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Gemdale expects up to 2.9 billion yuan loss in first half, narrowing year-on-year

Gemdale Corporation issued a profit warning, estimating a net loss attributable to parent company shareholders of 2.4 billion to 2.9 billion yuan for the first half of 2025, narrowing from a year earlier. In the same period last year, the company reported a net loss attributable to parent company shareholders of 3.701 billion yuan. The company also expects a net loss after deducting non-recurring items of 2.8 billion to 3.3 billion yuan for the first half. For the full year 2025, Gemdale's operating revenue was 35.858 billion yuan, down 52.41 percent year-on-year, and the net loss attributable to parent company shareholders was 13.281 billion yuan, mainly due to a decline in sales scale leading to a reduction in carry-over area, the gross margin of the real estate business falling to 7.93 percent, and significant asset impairment provisions. The annual report shows the company made asset impairment provisions of 7.031 billion yuan, including credit loss provisions of 4.506 billion yuan and inventory write-down provisions of 2.498 billion yuan. As of the end of 2025, interest-bearing debt stood at 67 billion yuan, 98.6 percent of which was bank borrowings, with an average financing cost of 3.92 percent and an asset-liability ratio of 64.25 percent.

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Gemdale Corporation's June Contracted Sales Amount Falls 45.16% Year-on-Year

Gemdale Corporation announced that in June 2026, the company achieved a contracted sales amount of 1.7 billion yuan, a year-on-year decrease of 45.16 percent. The contracted sales area was 115,000 square meters, down 56.11 percent year-on-year. In the first half of 2026, the company's cumulative contracted sales amount reached 9.53 billion yuan, a year-on-year decline of 44.43 percent. The cumulative contracted sales area was 675,000 square meters, down 46.17 percent year-on-year. In addition, in the first quarter of 2026, the company recorded revenue of 7.882 billion yuan, with a net loss attributable to shareholders of 680 million yuan.

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