Ying Li H1 2026 Loss Narrows to RMB 63.26 Million; China Everbright Subsidiary Sees Revenue Slip 15% but Swings to Positive Comprehensive Income

Bulletin Express08-13 19:04

China Everbright Limited (CEL) disclosed unaudited interim results for its Singapore-listed subsidiary, Ying Li International Real Estate Limited (“Ying Li”), covering the six months ended 30 June 2026.

Revenue and Profitability • Revenue fell 15.22% year on year to RMB 89.96 million, reflecting softer project deliveries versus RMB 106.13 million in the prior-year period. • Despite the sales decline, lower cost of sales (down 36.87% to RMB 24.57 million) kept gross profit broadly stable at RMB 65.38 million, a marginal 2.69% contraction. • The group recorded a net loss of RMB 63.26 million, a marked improvement from the RMB 88.00 million loss a year earlier, aided by tighter operating cost control and a sharply reduced tax charge.

Expense Dynamics • Administrative expenses contracted 27.96% to RMB 34.59 million, while marketing expenses rose 17.24% to RMB 7.19 million. • Finance expenses remained elevated at RMB 64.89 million, but eased 5.14% compared with the first half of 2025. • Other items swung from a RMB 17.72 million gain to an RMB 18.90 million loss, partially offsetting savings elsewhere.

Tax and Comprehensive Income • Income tax expense plunged to RMB 4.33 million from RMB 52.61 million, contributing to the narrower bottom-line loss. • A RMB 65.00 million positive currency translation difference turned total comprehensive income positive at RMB 1.74 million, versus a RMB 133.99 million loss in the comparable period.

Shareholder Impact • Loss attributable to equity holders decreased to RMB 63.21 million (H1 2025: loss of RMB 88.22 million). • Total comprehensive income attributable to equity holders improved to RMB 1.79 million, reversing the prior-year deficit of RMB 134.21 million.

Outlook The announcement emphasises that the disclosed figures pertain solely to Ying Li and do not constitute a full picture of China Everbright Limited’s consolidated performance. CEL cautions shareholders and potential investors to exercise prudence when dealing in its securities pending the release of the Group’s complete financial results.

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