SUNAC (01918) released its interim results, reporting a loss attributable to shareholders of 12.543 billion yuan, a year-on-year decrease of 2.08%.

SUNAC (01918) released its interim performance report for the six months ending June 30, 2026, during which the group achieved revenues of RMB 16.349 billion, a year-on-year decrease of 18.2%. The loss attributable to equity holders of the Company was RMB 12.543 billion, a year-on-year decrease of 2.08%; loss per share was RMB 0.77. The announcement stated that the decrease in revenue during this period was primarily due to a decline in property sales income. For the six months ending June 30, 2026, property sales income was approximately RMB 10.9 billion, accounting for about 66.6% of total income, a reduction of approximately RMB 3.1 billion (around 22.1%) compared to the same period last year, mainly due to a decrease in the area of property deliveries. The real estate industry has been experiencing a continuous downturn in recent years, and the overall sales market has contracted significantly. Moreover, the debt problems faced by several real estate companies have undermined buyers' confidence in pre-sold properties, further exacerbating the difficulties in new home sales. Under the liquidity pressure caused by the contracting scale of new sales and the narrowing of external financing channels, the delivery progress of sold property projects as well as the development and sales pace of new projects have faced phase-based restrictions. The area of property deliveries decreased by approximately 573,000 square meters (around 33.8%) compared to the same period last year, resulting in a significant drop in the group's sales revenue compared to the previous year. In the first half of 2026, the group's contracted sales amount, including its joint ventures and associates, was approximately RMB 10.25 billion, a decline of about 56.5% compared to the same period last year. By the end of June 2026, the group, along with its joint ventures and associates, had total land reserves of approximately 104 million square meters (equity land reserves of about 72.262 million square meters), of which unsold land reserves were approximately 86.111 million square meters (with unsold equity land reserves of about 58.594 million square meters). In the first half of 2026, the property management segment, SUNAC SERVICES Holdings Limited (SUNAC SERVICES, stock code: 01516.HK), showed stable and positive operating performance. In the first half of 2026, SUNAC SERVICES achieved a revenue of approximately RMB 3.22 billion, a decrease of about 9% from the same period last year. Excluding the impact of the sale of shares in Zhangtai Service Group Limited in 2025, revenue slightly decreased by 2% compared to the same period last year. SUNAC SERVICES improved operational efficiency, with gross profit margins stabilizing (excluding the impact of the sale of Zhangtai Services); it continued to optimize and adjust its organizational structure, with management fees decreasing by 1.2 percentage points compared to the same period last year. The profit attributable to equity holders of SUNAC SERVICES reached approximately RMB 120 million, an increase of about 2% year-on-year. Excluding the impact of the sale of Zhangtai Services, it increased by about 71% year-on-year. SUNAC SERVICES saw an improvement in operating net cash flow, with available funds reaching approximately RMB 3.29 billion. In the first half of 2026, SUNAC SERVICES focused on key office business sectors and expanded its top-tier clients in potential areas such as chip manufacturing, computing power centers, and data centers. By the end of June 2026, SUNAC SERVICES managed approximately 260 million square meters of building area.