Tiandiyuan disclosed its performance forecast, expecting a net loss attributable to the parent company of 370 million to 550 million yuan in the first half of 2026, compared with a loss of 124 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 371 million to 551 million yuan, compared with a loss of 140 million yuan a year earlier. The company said the change in performance was mainly due to a decline in operating revenue scale and gross margin caused by real estate project sales and carry-over, leading to reduced gross profit contribution. At the same time, it accelerated the clearance of some existing projects, with resource selling prices declining, and plans to make impairment provisions for some inventory. In addition, the number of development projects meeting the conditions for interest capitalization was relatively small, resulting in a decrease in capitalized interest and an increase in expensed interest. Based on the latest closing price, the company's price-to-book ratio is about 1.83 times, and its price-to-sales ratio is about 0.44 times.
Tande Co LtdExpects a net loss of 370-550 million yuan in H1 2026, much worse than last year's loss, due to declining revenue, gross margin, and impairment provisions.