Great China Holdings (Hong Kong) Limited reported interim revenue of HKD 30.97 million for the six months ended 30 June 2026, up 19% from HKD 26.03 million a year earlier. Management attributed the increase primarily to higher handovers in its property-development segment.

Gross profit improved 9.5% year on year to HKD 8.20 million, while the period loss attributable to shareholders narrowed to HKD 38.72 million from HKD 43.59 million. The reduced deficit was driven mainly by a lower PRC land appreciation tax charge (HKD 1.05 million versus HKD 6.38 million in 2025). Basic and diluted loss per share declined to HKD 0.97 cents from HKD 1.10 cents.

Total comprehensive income swung to a positive HKD 16.40 million, supported by HKD 55.12 million in favourable foreign-exchange translation differences. Net asset value edged up to HKD 621.24 million (31 December 2025: HKD 604.84 million).

Operating cash flow turned positive at HKD 5.20 million, compared with a HKD 17.60 million outflow in the prior-year period. Nevertheless, overall cash and bank balances fell to HKD 11.23 million from HKD 16.96 million at year-end, reflecting HKD 12.69 million of investment-property additions and HKD 755,000 of lease-liability repayments. Net cash used in investing reached HKD 6.38 million, while financing activities generated HKD 1.14 million, aided by shareholder and related-party advances.

Total current assets stood at HKD 772.52 million against current liabilities of HKD 1.21 billion, leaving net current liabilities of HKD 441.18 million. The gearing ratio (interest-bearing liabilities/total equity) rose modestly to 3.8% from 3.5% at year-end.

The Group maintained capital commitments of HKD 425.19 million, largely for property construction and associate loan contributions, and provided HKD 179.74 million in guarantees for buyers’ mortgage loans. No interim dividend was declared.

Project update: • Gold Coast Resort (Shanwei, Guangdong) Phase 1 has obtained a pre-sale permit, with a sales centre ready to open; Phase 2 awaits regulatory approval. • In Tanghai County (Hebei), initial construction works are complete, but planning adjustments are under discussion following local zoning changes. • Eastern New World Square (Daya Bay, Huizhou) generated HKD 0.73 million rental income, up 19% year on year. • Sales at Jin Bao Cheng Project (Shanwei) contributed HKD 23.01 million to revenue; HKD 28.27 million of pre-sale proceeds remain as contract liabilities. • Development of the Hong Hai Bay Project is suspended pending project repositioning; related litigation over construction costs continues. • The Group has filed new legal claims in Hong Kong and Shanghai to recover a shareholder loan of approximately RMB 123.9 million tied to the Heqing Project joint venture.

Management reiterated its focus on mid- to high-end commercial and tourism property development and signalled intent to pursue selective, cost-effective investment opportunities while monitoring market conditions and regulatory developments.