Greentown China (03900) has announced its interim results for 2026, recording a revenue of approximately RMB 39.481 billion, a year-on-year decrease of 26.02%. Profit attributable to shareholders of the company stood at RMB 81.715 million, reflecting a significant decline of 61.07% compared to the previous year, with earnings per share at RMB 0.03.

The company attributed the profit decline primarily to a reduction in revenue caused by lower floor area delivered and decreased average selling prices during the first half of the year. Additionally, the ongoing adjustment phase in the real estate market, coupled with the company's continued efforts to accelerate the clearance of long-term inventory to support long-term development, resulted in a lower gross margin on revenue recognized during the period. Furthermore, the company recorded net impairment losses and fair value change losses of RMB 1.908 billion in the first half of 2026 (compared to RMB 1.938 billion in the same period of 2025), which further impacted profit attributable to shareholders.

As of June 30, 2026, the group held a total of 149 land reserve projects, including those under construction and planned for future development, with a total gross floor area of approximately 22.89 million square meters, of which the equity-attributable gross floor area was approximately 14.34 million square meters. The total saleable floor area amounted to approximately 15.17 million square meters, with the equity-attributable saleable area reaching approximately 9.27 million square meters. The average land cost per square meter of floor area was approximately RMB 8,438. Compared to the end of 2025, the proportion of projects in higher-tier cities further increased, with first- and second-tier cities, including overseas markets, accounting for approximately 82% of the total value, while the Yangtze River Delta region contributed approximately 67%.