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Redco Properties forecasts H1 net loss of RMB 1.05 billion-RMB 1.15 billion

PUBT·08/24/2026 13:53:10
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Redco Properties forecasts H1 net loss of RMB 1.05 billion-RMB 1.15 billion
  • Redco guided for a net loss of RMB 1.05-1.15 billion for the six months ended June 30, 2026.
  • Loss attributable to owners expected at RMB 1.35-1.45 billion, versus RMB 590 million a year earlier.
  • Net loss compares with RMB 709 million in the first half of 2025.
  • Higher finance costs drove the wider loss as capitalized borrowing costs fell amid PRC property market weakness, project slowdowns, suspensions.
  • Net finance costs expected to rise about RMB 530 million year over year; interim results scheduled for Aug. 28, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redco Properties Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260824-12297041), on August 24, 2026, and is solely responsible for the information contained therein.