Cinda Real Estate's 2026 interim report shows a net loss of 1.32 billion yuan, narrowing year-on-year
Cinda Real Estate released its 2026 interim report. Total operating revenue was 1.283 billion yuan, and net profit attributable to the parent company was negative 1.32 billion yuan, an improvement of 2.371 billion yuan compared with the same period last year, with the loss narrowing. Net cash inflow from operating activities was 1.045 billion yuan, up 19.21 percent year-on-year, marking a second consecutive year of growth. The company's asset-liability ratio was 75.90 percent, and gross margin was 24.77 percent, up 5.30 percentage points from the same period last year. Diluted earnings per share were negative 0.46 yuan, an improvement of 0.83 yuan compared with the same period last year. The number of shareholders was 35,000, and the top ten shareholders held 78.08 percent of the total share capital.
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Cinda Real Estate posts first-half net loss of 1.32 billion yuan, narrowing from a year earlier
Cinda Real Estate disclosed its semi-annual report on August 30. In the first half of 2026, the company achieved operating revenue of 1.283 billion yuan, down 27.85 percent year on year. Net loss attributable to shareholders of the listed company was 1.32 billion yuan, compared with a loss of 3.69 billion yuan in the same period last year, narrowing the loss year on year. During the reporting period, affected by the pace of project carry-over and other factors, the scale of delivered and carried-over real estate development projects was relatively small, operating revenue and gross margin were relatively low, and profit margins narrowed. Rigid expenses such as administrative expenses and interest expenses continued to be incurred.
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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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China Cinda expects first-half net profit attributable to shareholders to fall about 60% to 70% year-on-year
China Cinda issued an announcement, expecting net profit attributable to shareholders in the first half of 2026 to decline by about 60% to 70% year-on-year, while net profit for the same period is expected to fall by about 20% to 25% year-on-year. The company explained that the decline in performance was mainly due to income tax expense shifting from a reversal in the first half of 2025 to a provision in the first half of 2026, affected by changes in deferred income tax expenses and an increase in current taxable income. In addition, subsidiary Cinda Real Estate is expected to narrow its losses year-on-year, leading to a year-on-year decrease in losses attributable to non-controlling interests, which further dragged down net profit attributable to shareholders of the company.
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Cinda Real Estate expects net loss attributable to parent of 1.2 billion to 1.42 billion yuan in first half of 2026
Cinda Real Estate disclosed a performance forecast, expecting a net loss attributable to the parent of 1.2 billion to 1.42 billion yuan in the first half of 2026, compared with a loss of 3.69 billion yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 1.21 billion to 1.43 billion yuan, compared with a loss of 3.596 billion yuan a year earlier. The company stated that the loss in the current period was mainly due to the small scale of property development project deliveries carried forward, resulting in low operating revenue and gross profit margin, while rigid expenses such as management fees and interest expenses continued to be incurred. Based on the latest closing price, the company's price-to-book ratio is about 0.44 times, and the price-to-sales ratio is about 1.51 times.
China