Golden Wheel Tiandi Reports 33% Revenue Decline and RMB215.8 Million Loss for H1 2025

Reuters
Aug 29, 2025
Golden Wheel Tiandi Reports 33% Revenue Decline and RMB215.8 Million Loss for H1 2025

Golden Wheel Tiandi Holdings Co. Ltd. reported its unaudited financial results for the six months ended June 30, 2025. The company's revenue fell by approximately 33.0% to RMB288.1 million compared to RMB429.7 million in the same period in 2024. Despite the decrease in revenue, total contracted sales increased by approximately 9.5% to RMB302.2 million from RMB276.1 million in the previous year. The company recorded a loss of RMB215.8 million for the period, a reduction from the RMB507.7 million loss reported in 2024. The loss was attributed mainly to the challenging business environment in the real estate sector, reduced sales of developed properties, and a fair value loss on investment properties amounting to RMB68.5 million. As of June 30, 2025, Golden Wheel Tiandi Holdings had total cash and bank deposits of RMB117.0 million, down from RMB135.6 million as of December 31, 2024. The total value of investment properties was RMB1,295.1 million, significantly lower than RMB3,726.5 million at the end of 2024. The revenue breakdown for the first half of 2025 showed that property development contributed RMB176.9 million, property leasing RMB63.6 million, and hotel operations RMB47.6 million. All revenue during this period was generated from Mainland China.

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