Seazen Holdings updates on external guarantees, financial performance

As of June 30, 2025, Seazen Holdings’ outstanding external guarantees totaled RMB 40.298 bn, within authorized limits, with no overdue guarantees. This includes RMB 28.589 bn for subsidiaries with asset-liability ratios over 70%, and RMB 8.416 bn for those below 70%. The total guarantee amount exceeded 100% of the net assets attributable to the parent company, reflecting the property development sector's operational model.

The company's latest half-year report shows a proactive approach to market challenges, with contract sales of RMB 10.33 bn for 133.50 square meters. Key financial adjustments include a 34.82% decrease in operating revenue and a 32.11% decrease in net profit attributable to shareholders, primarily due to reduced real estate delivery revenue and gross profit. Despite these declines, the company’s operating cash flow remained positive at RMB 285.84 m, though down 86.31% from the previous year.

Seazen Holdings continues to implement its "commercial operations + property development" strategy, focusing on asset light management and operational efficiency. The company successfully issued RMB 1 bn in medium-term notes in August 2025, with an interest rate of 2.68%, under the guarantee of China Bond Insurance Co., Ltd., extending debt maturity and lowering financing costs. This aligns with efforts to manage debt structure and maintain a stable financial position.