Country Garden Holdings Co ( (CTRYF) ) has released its Q2 earnings. Here is a breakdown of the information Country Garden Holdings Co presented to its investors.
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Country Garden Holdings Co, a prominent player in the real estate sector, primarily engages in property development and technology-enabled construction in China.
In its latest earnings report for the first half of 2025, Country Garden Holdings Co reported a significant decrease in revenue and an increase in net losses. The company recorded a revenue of approximately RMB72.57 billion, marking a 28.9% decline from the previous year, and a net loss of RMB19.65 billion. Despite these challenges, the company delivered around 74,000 housing units, maintaining its leading position in delivery volume within the industry.
Key financial metrics highlighted in the report include a substantial reduction in selling and marketing costs and administrative expenses by 18.9% to RMB3.94 billion. The company also emphasized its ongoing efforts in debt restructuring, with a plan to reduce its debt by up to USD11.7 billion through a comprehensive restructuring proposal. The restructuring aims to extend debt maturity and lower financing costs significantly.
Looking forward, Country Garden remains focused on stabilizing its capital and debt structure while enhancing operational efficiency. The management is optimistic about the supportive real estate policies in China, which are expected to stabilize the market and provide new development opportunities. The company plans to continue its strategy of ensuring delivery, stabilizing finances, and maintaining operations to navigate the current market challenges effectively.