Cosmopolitan Hit by China Property Slump as Impairments Slash Asset Value

Cosmopolitan International Holdings Limited ( (HK:0120) ) has provided an announcement.

Cosmopolitan International Holdings reported a sharp deterioration in 2025 operating metrics as China’s commercial property slump hit its Chengdu and Tianjin projects, driving revenue down 91.1% to HK$32.8 million and widening operating losses before depreciation, finance costs and tax by 53.4%. Net asset value per share more than halved amid substantial fair value and impairment charges on properties, although the headline loss attributable to shareholders held at HK$453.1 million, with a slightly narrower basic loss per share.

The group booked approximately HK$393.4 million of impairment losses on properties held for sale in Chengdu and Tianjin as slow sales of remaining commercial and retail units weighed on results. In a bid to shore up liquidity, it agreed in January 2026 to sell the hotel block at Regal Cosmopolitan City in Chengdu, with completion expected in the second quarter and proceeds earmarked for debt reduction and working capital, while management plans to relaunch sales programs for its China projects and pursue new investments to support long-term growth.

The most recent analyst rating on (HK:0120) stock is a Sell with a HK$0.08 price target. To see the full list of analyst forecasts on Cosmopolitan International Holdings Limited stock, see the HK:0120 Stock Forecast page.

More about Cosmopolitan International Holdings Limited

Cosmopolitan International Holdings Limited is a Hong Kong-listed property developer with composite real estate projects in mainland China. Its portfolio includes large-scale developments in Chengdu and Tianjin, focused on commercial, retail and hotel components that are exposed to China’s sluggish commercial property market.

Average Trading Volume: 885,461

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$162.6M

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