China Sandi Holdings Limited (00910) released its unaudited interim results for the six months ended 30 June 2025. During the reporting period, the Group recorded total revenue of RMB315.72 million, an increase of 63.56% compared with RMB192.95 million in the same period last year. The property development segment remained the key driver, contributing RMB265.27 million in sales, while the property investment segment, comprising mainly rental and property management income, generated RMB50.46 million.

Gross profit for the period stood at RMB62.96 million, down from RMB79.59 million a year ago. The Group reported a net loss of RMB263.47 million, compared with a net loss of RMB291.04 million in the corresponding period of 2024. Loss attributable to owners decreased year-on-year to RMB236.66 million from RMB289.50 million. The decrease in net loss was partly supported by a smaller fair-value loss on investment properties of RMB119.20 million, compared with RMB148.01 million in the same period a year earlier.

During the period, contracted sales totaled RMB40.10 million on 6,225 square meters of gross floor area sold, reflecting the continued sluggishness in the overall property market. The Group reported net current liabilities of RMB5.27 billion and a gearing ratio of 2,047.30%. The Board did not recommend any interim dividend for the reporting period.

As of 30 June 2025, the Group held total assets of RMB15.73 billion and total liabilities of RMB15.41 billion. Management highlighted ongoing efforts to address liquidity pressures, including cost control and negotiations with lenders on extensions of repayment schedules. The Group remains focused on property development and property investment in various regions of the People’s Republic of China, with a land portfolio totaling approximately 1.62 million square meters.