Greenland Holdings released its 2026 semi-annual report after market close on August 28. First-half operating revenue reached 66.715 billion yuan, down 29.40% year on year, but net profit attributable to shareholders of the listed company was negative 302 million yuan, a sharp narrowing of 91.39% from negative 3.506 billion yuan in the same period last year. The company said the revenue decline was mainly affected by the continued downturn in the real estate and infrastructure industries, but total profit improved 76.03% year on year, showing an overall stabilizing trend. First-half investment income was 1.95 billion yuan, up 1,308% year on year, mainly generated by non-recurring gains such as debt restructuring gains. Net cash flow from operating activities was 727 million yuan, a sharp year-on-year improvement of 129.31%. Contracted sales in the real estate business amounted to 35.887 billion yuan, up 5.87% year on year, with a sales area of 4.366 million square meters, up 17.05% year on year, remaining firmly in the industry's top 10. The infrastructure business signed new projects worth 66.909 billion yuan and cumulatively recovered 45 billion yuan in payments. The company admitted that new financing has become more difficult, and there are multiple overdue guarantee situations, while the transfer of state-owned shareholders' shares and the non-public offering have made no substantive progress. As of the close on August 28, the company's share price was 1.30 yuan, down 21.69% cumulatively this year.
Greenland Holdings Corp LtdRevenue fell 29.4% but losses narrowed sharply; mixed results with improved profit and cash flow, yet financing difficulties and overdue guarantees persist.
