Country Garden Holdings Company (2007) H2 2025 earnings summary
Event summary combining transcript, slides, and related documents.
H2 2025 earnings summary
30 Mar, 2026Executive summary
Revenue declined 38.7% year-over-year to RMB154.89 billion, mainly due to lower property deliveries and a sluggish real estate market.
Net profit attributable to owners was RMB3.26 billion, reversing a loss of RMB32.84 billion in 2024, driven by significant gains from debt restructuring.
Gross loss reached RMB43.12 billion, mainly due to a RMB44.51 billion net write-down of properties.
Offshore and onshore debt restructuring completed, reducing total borrowings from RMB253.49 billion to RMB147.96 billion.
Delivered approximately 170,000 housing units in 2025, maintaining industry leadership in delivery volume.
Financial highlights
Contracted sales attributable to shareholders: RMB33.01 billion; contracted sales GFA: 4.02 million sq.m.
Selling and marketing plus administrative expenses fell 15.7% to RMB9.09 billion.
Net finance costs dropped to RMB2.92 billion from RMB6.45 billion year-over-year.
Cash and cash equivalents plus restricted cash: RMB18.65 billion at year-end.
Capital gearing ratio improved to 74.5% from 81.4% year-over-year.
Outlook and guidance
Focus remains on high-quality delivery, risk mitigation, asset and debt restoration, and sustainable operations.
Strategic emphasis on "One Core and Two Wings": property development, technology-enabled construction, and management/construction services.
Plans to leverage new technologies and AI for operational efficiency and data-driven management.
Management expects gradual market recovery as policy environment improves.
Latest events from Country Garden Holdings Company
- Net loss widened to RMB19.08 billion as revenue dropped and debt restructuring progressed.2007
H1 202512 Dec 2025 - Revenue plunged 54.9% with RMB12.8 billion net loss, major debt defaults, and going concern doubts.2007
H1 202412 Dec 2025 - Massive net loss and debt defaults amid sector downturn; auditor issues going concern disclaimer.2007
H2 202312 Dec 2025 - Net loss narrowed to RMB35.1B as debt restructuring and liquidity risks dominate outlook.2007
H2 20246 Jun 2025