Greentown China warns of 90% profit decline

Greentown China Holdings anticipates its net profit attributable to owners for the first half of 2025 to decrease by approximately 90% compared to RMB2.045 billion for the same period last year.

The projected decline stems from uneven delivery schedules causing a year-on-year decrease in recognized property revenue, plus impairment provisions from active long-term inventory destocking.

Despite the profit warning, the company maintained strong finances with short-term debt below 20% of total debt and cash-to-short-term-debt ratio exceeding 2.5 times.