E-House (China) Enterprise Holdings Limited reported a net profit of RMB 245.95 million for the six months to 30 June 2026, reversing a RMB 304.83 million loss a year earlier. The swing stemmed largely from a RMB 443.29 million gain booked on the termination of Beijing Yisheng Leju VIE arrangements, classified as a disposal in the accounts.
Revenue fell 35.5 % year on year to RMB 813.08 million as all operating segments contracted, most sharply the brokerage network business, which will be wound down. Digital marketing remained the largest contributor, delivering RMB 694.46 million, down 18.4 %. Real-estate data and consulting revenue declined 48.7 % to RMB 74.71 million, while primary-market agency revenue slid 52.5 % to RMB 32.56 million.
Operating loss widened to RMB 163.30 million from RMB 49.30 million as staff costs, advertising and promotion, and other operating items could not fully offset the revenue shortfall. Nevertheless, aggressive cost controls pushed staff costs down 53.3 % to RMB 94.36 million and narrowed advertising outlay 17.0 % to RMB 607.11 million.
The company generated positive operating cash flow of RMB 14.50 million versus an outflow of RMB 156.79 million in the prior-year period. Cash and cash equivalents stood at RMB 162.34 million at 30 June 2026, down from RMB 186.65 million at year-end.
Total debt of RMB 5.12 billion against total assets of RMB 1.21 billion produced a gearing ratio of 423.2 %, up 58.4 percentage points from December. E-House highlighted continued progress on restructuring its offshore debt via parallel schemes of arrangement in Hong Kong and the Cayman Islands. At creditor meetings on 27 August 2026, 97.8 % of voting creditors (by value) backed the schemes; the Hong Kong High Court sanctioned the plan on 11 September, and a Cayman hearing is set for 9 October.
Management reiterated its strategic shift toward “AI + Real Estate,” integrating the Deeplink vertical AI model with the long-standing CRIC data platform to create the “CRIC-Deeplink” brand. Organisational restructuring is planned to support AI-driven product development and client services.
No interim dividend was declared for the period.
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