Tande Co Ltd600665
▼ NegativeCapitalrelevance
First-half loss widened to 532 million yuan, revenue down 33.8%, and impairment provisions made.
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Tande Co LtdTiandiyuan released its 2026 interim report, showing its first-half loss widened to 532 million yuan, compared with a loss of 124 million yuan in the same period last year. Operating revenue was 1.63 billion yuan, down 33.8 percent year on year. Net loss attributable to shareholders after deducting non-recurring items was 533 million yuan, compared with a loss of 140 million yuan a year earlier. In the second quarter, operating revenue was 711 million yuan, down 49.0 percent year on year, and net loss attributable to shareholders was 375 million yuan, compared with a loss of 62.53 million yuan a year earlier. As of the end of the second quarter, total assets stood at 20.239 billion yuan, down 9.6 percent from the end of the previous year, and net assets attributable to shareholders were 1.043 billion yuan, down 33.8 percent from the end of the previous year. The company said that, affected by the property market environment, it accelerated the clearance of existing projects, which led to lower revenue scale and a decline in gross margin, and it made impairment provisions for some inventory. At the same time, the company is transforming from a traditional development and sales model to a development, operations and services model, cultivating diversified operating segments such as apartment hotels, elderly care and commercial asset management.
Tande Co LtdFirst-half loss widened to 532 million yuan, revenue down 33.8%, and impairment provisions made.