China Construction Development (00830) announced interim results, profit attributable to shareholders decreased by 65.48% compared to HK$133 million

According to the Zhitong Finance App, China Construction Development (00830) announced its interim results for the month ended June 30, 2026, with a turnover of HK$3.54 billion, a year-on-year decrease of 8.51%; profit attributable to shareholders of HK$133 million, a year-on-year decrease of 65.48%; and a basic profit of HK5.91 cents per share. It is proposed to pay an interim dividend of HK$1.8 cents per share.

According to the announcement, due to developers' current investment attitude, the volume of new projects and revenue decreased during the period and had not yet returned to previous levels. For the six months ended June 30, 2026, the revenue of the Façade and Contracting Business Division decreased to HK$2,579 billion (June 30, 2025: HK$2,849 million), a decrease of 9.5% over the same period last year. Furthermore, due to the failure of settlement revenue from several projects to meet expected targets, and increased sales costs due to rising raw material prices and RMB appreciation, putting pressure on the gross profit of the project, operating profit for the six months ended June 30, 2026 decreased by 67.4% compared to the same period last year to HK$142 million (June 30, 2025: HK$436 million).