Country Garden 1H revenue 72.57 billion yuan

Country Garden 1H revenue 72.57 billion yuan

Country Garden Holdings Co. has warned that its first-half loss could reach as high as $3 billion, according to a filing with the Hong Kong stock exchange. The embattled developer cited the ongoing property crisis in China as a major factor contributing to its financial struggles [1].

The preliminary net loss for the six months ended June is projected to be in the range of RMB 18.5 billion to RMB 21.5 billion ($2.6 billion to $3 billion), reflecting a reduced scale of settlement for low-margin real estate development projects and increased asset impairments. This compares to a loss of RMB 15.1 billion a year earlier [1].

Country Garden's revenue for the first half of the year stood at RMB 72.57 billion, indicating a significant decline compared to the previous period [2]. The company has been actively communicating with stakeholders to establish a sustainable and healthy capital structure, as the liquidation proceedings for its $14.1 billion of offshore debt continue [1].

China's housing slump, which has persisted for more than four years, has led to a further decline in home sales. Officials have implemented various measures to revive the sector, but the results have been modest. Country Garden, once China's largest developer by contracted sales, is now grappling with these challenges [1].

In addition to the financial struggles, Country Garden has been in talks with creditors to restructure its debt. Last month, the company agreed to some restructuring terms that key bank creditors had demanded, potentially easing the path for an overall debt deal [1].

References:
[1] https://www.mingtiandi.com/real-estate/crelist/roundup-country-garden-warns-h1-loss-could-widen-to-3b/
[2] https://www.bloomberg.com/news/articles/2025-08-22/country-garden-warns-first-half-loss-may-widen-to-3-billion