Overseas Chinese Town A has issued a half-year performance forecast, estimating a net loss attributable to the parent of 3.4 billion to 4.2 billion yuan for the first half of 2026, widening from a loss of 2.87 billion yuan in the same period last year. The company explained the deeper loss was mainly due to its ongoing strategy of aggressively reducing inventory and accelerating cash collection, and on a prudent basis it made impairment provisions for assets showing signs of impairment. Operating data released on the same day showed cumulative contracted sales from January to June 2026 reached 5.43 billion yuan, a sharp drop of 42.78 percent from 9.49 billion yuan a year earlier. Cumulative contracted sales area was 405,000 square metres, down 33.28 percent year on year. The company's cultural tourism businesses received a total of 36.16 million visitors in the first half, a decline of 4.11 percent from a year ago. Overseas Chinese Town A has now posted losses for four consecutive years, with total net loss attributable to the parent from 2022 to 2025 reaching 40.559 billion yuan.
Shenzhen Overseas Chinese Town Co LtdContracted sales plunged 42.78% YoY and tourism visitors declined 4.11%, indicating weak end-customer demand for properties and tourism services.