Logan Group Announces Interim Results with Revenue of RMB 1.504 Billion

Stock News
08/26

LOGAN GROUP (03380) has unveiled its interim financial results for the six-month period ended June 30, 2026, reporting a revenue of RMB 1.504 billion. This marks a significant decline of 55.79% compared to the same period last year. The company also recorded a loss attributable to owners of the parent company amounting to RMB 676 million, which represents a substantial narrowing of 62.06% year-on-year. The loss per share stood at RMB 12.22 cents.

According to the company's announcement, the group achieved contracted sales of approximately RMB 3.18 billion during the first half of 2026. The breakdown of these contracted sales by region shows that the Greater Bay Area accounted for roughly 49.4%, the Yangtze River Delta region contributed 18.0%, the Southwest region made up 2.6%, and other regions represented the remaining 30.0%.

During the first six months of 2026, the group initiated new construction projects with a planned total gross floor area of approximately 20,000 square meters. Additionally, the group completed construction projects with a planned total gross floor area of roughly 130,000 square meters during the same period.

As of June 30, 2026, the group's projects under development had a planned total gross floor area of approximately 6.66 million square meters. Furthermore, the group's total land bank stood at approximately 22.44 million square meters in terms of gross floor area. When calculated by value, the Greater Bay Area and the Yangtze River Delta region together accounted for approximately 75% of the total land bank.

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