Country Garden Holdings (02007.HK) reported first-half 2026 revenue of approximately RMB 44.1 billion (about $6.6 billion), with the company’s August 28 release describing a transitional loss that narrowed approximately 16.3% year on year. Previously reported attributable-shareholder figures put the loss at RMB 15.62 billion (about $2.3 billion), versus RMB 19.08 billion a year earlier, an 18.15% reduction; the differing percentages are retained as a reporting discrepancy. Revenue fell 39.3%, while gross loss narrowed to RMB 5.99 billion and loss per share was RMB 0.37. The board declared no interim dividend. Total assets were approximately RMB 745.5 billion at the end of June, while net assets stood at roughly RMB 31 billion and remained positive. Contracted sales attributable to shareholders totaled approximately RMB 14.25 billion, covering about 1.825 million square meters. Country Garden attributed profitability pressure to the final phase of its guaranteed home delivery program, delayed recognition of projects acquired at high land costs, market-wide price cuts and inventory destocking, and approximately RMB 6.2 billion of inventory impairments plus RMB 3.8 billion of impairment losses on financial assets and guarantees. Other income and gains of about RMB 4.1 billion were driven mainly by fair-value changes in financial liabilities and debt-restructuring gains. Selling and administrative expenses declined 19.7% to approximately RMB 3.2 billion. The company said regional markets including Guangdong, Jiangsu and Henan showed signs of stabilization, while CRIC data placed it back among China’s top 10 developers by construction area under management for January-July 2026. Following its offshore restructuring, Country Garden made scheduled payments in December 2025 and June 2026 totaling more than RMB 2.8 billion. Its construction-management and construction-technology businesses also expanded, while internal product-development and AI initiatives produced early efficiency gains. The company has delivered more than 1.85 million homes under its four-year guaranteed-delivery campaign and reduced total debt by more than RMB 90 billion. Its independent auditor was unable to express a conclusion on the interim financial statements, underscoring continuing concerns around viability and balance-sheet transparency.