Longfor Group Holdings ( (LNGPF) ) has released its Q2 earnings. Here is a breakdown of the information Longfor Group Holdings presented to its investors.
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Longfor Group Holdings Limited, a prominent player in the real estate sector, is engaged in property development, investment property operations, and property services, primarily in China. The company is known for its diversified portfolio and strategic focus on high-quality development.
In the first half of 2025, Longfor Group reported a significant increase in revenue, reaching RMB58.75 billion, marking a 25.4% year-on-year growth. This growth was driven by a substantial rise in property development revenue, which increased by 34.7% to RMB45.48 billion. The company also saw modest growth in its investment property operations and property services.
Key financial highlights include a core net profit attributable to owners of RMB1.38 billion and a basic earnings per share of RMB0.48. The company declared an interim dividend of RMB0.07 per share. Longfor Group also reported a decrease in total borrowing to RMB169.80 billion and maintained a net debt to equity ratio of 51.2%. The average finance cost was reduced to 3.58% per annum.
Looking ahead, Longfor Group remains committed to high-quality development, focusing on debt reduction and positive cash flow accumulation. The company aims to enhance its investment presence in core cities and continue delivering quality housing and services to meet customer needs. The management’s strategic focus on operational efficiency and market adaptability positions the company well for future growth.