GD LAND released its interim results, with a profit attributable to shareholders of HKD 282 million, turning from a loss to a profit year-on-year

According to the Zhitong Finance APP, GD LAND (00124) released its interim results for 2025, reporting revenue of HKD 5.752 billion, an increase of 105.14% year-on-year; the profit attributable to shareholders was HKD 282 million, compared to a loss of HKD 217 million in the same period last year; basic earnings per share were HKD 0.1648.

The announcement stated that the increase in revenue was mainly due to the increase in the total floor area of properties held for sale. The main factors affecting the group's performance for the six months ending June 30, 2025, include the properties delivered during the review period, primarily the Guangzhou GD Yun Port City project, Huizhou GD Yigui Mansion project, and Shenzhen GD City (North Plot) project; among them, the Guangzhou GD Yun Port City project had a higher gross profit margin, leading to an increase in property sales profit compared to the same period in 2024; influenced by the latest real estate market environment, the group recognized an inventory impairment provision of approximately HKD 768 million during the review period (no provision for the six months ending June 30, 2024); and the group recorded a fair value loss on investment properties (net of related deferred tax expenses) of approximately HKD 98.81 million during the review period (a gain of approximately HKD 140,000 for the six months ending June 30, 2024)