YUEXIU PROPERTY (00123) released its interim results, with revenue of 36.65 billion yuan and contract sales of 50.51 billion yuan, ranking eighth in the country. All three red lines are green.

YUEXIU PROPERTY (00123) announced its interim results for the six months ending June 30, 2026, reporting an operating revenue of approximately RMB 36.65 billion, a gross profit margin of approximately 6.2%, and profit attributable to equity holders of approximately RMB 90 million, with core net profit around RMB 80 million. During the period, cumulative contracted sales (including sales from joint ventures and associates) amounted to approximately RMB 50.51 billion, of which the contracted sales from existing projects accounted for 80.7%, an increase year-on-year. The inventory turnover has been significant, with the core six cities accounting for 84.5% of contracted sales. According to CRIC statistics, the Group's contracted sales in the first half of the year ranked eighth nationally. During the period, six new land parcels were added in five cities, with a total construction area of approximately 680,000 square meters and an equity investment amounting to approximately RMB 7.0 billion, with 96.8% of the equity investment concentrated in the core six cities. As of June 30, the total land reserves reached approximately 16.57 million square meters, with 94% located in first- and second-tier cities. As of June 30, all of the Group's "three red lines" indicators remained in the "green zone," where the asset-liability ratio, net gearing ratio, and cash to short-term debt ratio, excluding advance receipts, stood at 65.2%, 49.2%, and 2.1 times, respectively, reflecting healthy and stable finances. The Group maintained an investment-grade credit rating of BBB- from S&P and Fitch, with a stable outlook. As of June 30, the total of cash and bank balances, time deposits, and other restricted deposits was approximately RMB 51.5 billion. The Group recorded a net inflow of operating cash flow of approximately RMB 13.77 billion during the period, demonstrating ample and secure liquidity. The weighted average borrowing interest rate fell for the first time to below 3% to 2.91%, a decrease of 25 basis points year-on-year. The Board has resolved to declare an interim dividend for 2026 of HKD 0.009 per share (equivalent to RMB 0.008 per share). The total dividend distribution is approximately 40% of the core net profit.