Greentown China Holdings ( (GTWCF) ) has released its Q2 earnings. Here is a breakdown of the information Greentown China Holdings presented to its investors.
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Greentown China Holdings Limited is a prominent real estate development company based in China, known for its comprehensive services in property development, hotel operations, property investment, and project management, with a strong focus on high-quality and sustainable growth.
In its latest earnings report for the first half of 2025, Greentown China reported a revenue of RMB53.368 billion, a significant decrease from the previous year, alongside a profit attributable to owners of RMB0.21 billion. Despite the challenging market conditions, the company maintained a robust cash position with bank balances and cash totaling RMB66.795 billion, and continued to optimize its debt structure, reducing short-term debt to a record low of 16.3%.
Key financial highlights include a decrease in revenue by 23.3% compared to the same period in 2024, attributed to uneven delivery schedules and a strategic focus on destocking slow-moving inventory. The company achieved total contracted sales of approximately RMB122.2 billion, ranking second in the industry, with a notable presence in first- and second-tier cities. Additionally, 35 new projects were added, enhancing the company’s land bank with a focus on high-quality investments.
Looking ahead, Greentown China remains committed to its strategic goals of quality and prudent operations, focusing on destocking, targeted investments, and risk management. The company aims to leverage its strengths in premium lands, products, and services to navigate the ongoing market adjustments and sustain its growth trajectory.