China's Skyfame Realty H1 net loss widens, revenue flat; co remains in liquidation 

By Reuters News


Overview

  • China real estate developer's half-year revenue was nearly flat yr/yr at RMB 51.1 mln

  • Net loss attributable widened to RMB 253.5 mln for the six months ended 30 June 2026

  • Company remains in liquidation and trading suspension continues


Outlook

  • The Group plans to extend into elderly care, community healthcare and housekeeping as value-added service revenue is expected to exceed 40% in 2026


Result Drivers

  • ABSENT IMPAIRMENT REVERSAL – Net loss widened to RMB253.5 mln, primarily due to the absence of a RMB101.7 mln one-off reversal of impairment losses on deconsolidated subsidiaries

  • FEWER MANAGED PROPERTIES – Revenue fell 1.2% to RMB51.1 mln as the number of properties under management declined to 15 from 16

  • VENDOR COST CONTROLS – Gross margin rose to 56.6% from 50.7% due to stricter cost controls, including improved vendor engagement processes


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 51.1 mln

H1 Net Loss Attributable

RMB 253.5 mln


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Press Release https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0922/2026092101579.pdf

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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