Greentown China Holdings Limited announced a profit warning for the six months ended 30 June 2026, estimating net profit attributable to owners at RMB50.00 million–RMB100.00 million, down sharply from RMB210.00 million a year earlier—equivalent to a decline of approximately 52%–76%.

Management attributes the profit contraction to three factors: 1. Revenue decline stemming from reduced recognised saleable area and lower average selling prices. 2. Ongoing efforts to accelerate the sell-down of long-term inventory, which compressed gross profit margins on properties booked in the period. 3. Additional impairment provisions on certain assets, further weighing on earnings.

Liquidity indicators remain comparatively robust. The developer cut total interest-bearing liabilities, keeping short-term debt below 25% of total debt, while maintaining a cash-to-short-term-debt ratio above 2.0x.

Figures are derived from unaudited management accounts and may change when the reviewed interim results are released. The company urged shareholders and potential investors to exercise caution when dealing in its securities.