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.
Huafa Industrial Co Ltd ZhuhaiForecasts huge net loss for H1 2026 due to real estate market downturn, lower revenue, impairment, and higher interest.
Shenzhen Zhongheng Huafa Co Ltd Class A