On September 1, CHINA RES LAND fell 3.26% in regular trading, trading at 29.1 HKD/share with turnover of 522 million HKD, extending the prior session's roughly 9.4% decline.
The continued selloff follows the company's H1 interim results released on August 31, which showed consolidated revenue of 67.87 billion yuan, down 28.5% year-on-year, while profit attributable to shareholders fell approximately 17.3% to 9.84 billion yuan. Basic earnings per share contracted to 1.38 yuan from 1.67 yuan in the prior-year period. The development and sales segment recorded a gross margin of only 10.0%, reflecting persistent profitability pressure. Meanwhile, recurring business revenue rose 9.9% to 22.61 billion yuan, accounting for 33.3% of total revenue. Management acknowledged at the earnings briefing that recently introduced policies promoting existing-home sales could exert short-to-medium-term cash flow pressure on developers. The broader real estate sector remained weak, with peers including C&D INTL GROUP down 4.41%, CHINA OVERSEAS down 2.87%, and SINO LAND down 2.03%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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