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港股异动 | 内房股显著下挫 上半年房企净利下滑显著 百强房企8月销售继续探底

Mainland real estate stocks experienced a significant decline. Net profits of real estate companies in the first half of the year declined significantly. Top 100 real estate companies continued to see sales decline in August.

Zhitong Finance ·  Sep 2 10:41

Mainland real estate stocks fell significantly in early trading. As of the time of publication, C&D Intl Group (01908) fell by 8.24%, to HK$11.58; Zhongliang Hldg (02772) fell by 6.45%, to HK$0.087; Sino-Ocean GP (03377) fell by 3.64%, to HK$0.265.

According to the Futu Securities app, mainland real estate stocks fell significantly in early trading. As of the time of publication, C&D Intl Group (01908) fell by 8.24%, to HK$11.58; Zhongliang Hldg (02772) fell by 6.45%, to HK$0.087; Sino-Ocean GP (03377) fell by 3.64%, to HK$0.265; Yuexiu Property (00123) fell by 3.19%, to HK$3.95.

On the news front, according to China Index Academy, the total sales volume of the top 100 real estate companies from January to August this year was 2683.24 billion yuan, a decrease of 38.5% year-on-year, with a decrease of 1.6 percentage points from the previous month. In August, the sales volume of the top 100 real estate companies decreased by 22.1% year-on-year, a decrease of 2.43% from the previous month. According to CRIC statistics, in August, the top 100 real estate companies achieved a total sales turnover of 251.2 billion yuan, a 10% decrease month-on-month, and the monthly performance scale continued to remain at a historically low level.

Furthermore, as of August 30, 2024, more than 100 A-share and H-share real estate companies have released their mid-year performance announcements for 2024. According to data from China Index Academy, in the first half of the year, the average revenue of 105 A-share and H-share real estate companies was 11.591 billion yuan, a year-on-year decrease of 13.00%; the average net income was 0.145 billion yuan, a year-on-year decrease of 82.05%. Listed real estate companies continued to weaken in terms of profitability, with a significant decline in net income. 72 companies saw a year-on-year decrease in revenue, 87 companies saw a year-on-year decrease in net income, and 50 companies experienced losses, including 24 companies experiencing losses for the first time since the outbreak of the pandemic.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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