Huachuang Securities keeps Buy rating for Greentown China stock

Published on 10/07/2026 at 06:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell to RMB 39.48 billion in the first half of 2026. Huachuang set a HKD 8.10 target for Greentown China stock on September 21, 2026.

Greentown, KYG4100M1050, Illustration mit AI erstellt.

Huachuang Securities maintained a Buy rating for Greentown China stock and set a HKD 8.10 target in a research note dated September 21, 2026. The analyst view followed first-half results showing revenue down 26.00 percent year over year to RMB 39.48 billion and profit attributable to owners down 61.00 percent to RMB 82.00 million, according to Futubull.

Revenue pressure remains visible

The figures cover the six months ended June 30, 2026. Gross profit declined 38.70 percent to RMB 4.39 billion, while the consolidated gross margin fell to 11.10 percent from the comparable period of 2025, a decline of 2.30 percentage points, Futubull reported.

The company also recorded RMB 1.91 billion in asset impairment charges and fair-value losses during the first half of 2026. That combination makes margin recovery and inventory turnover central to the investment debate, rather than sales volume alone.

Liquidity supports the adjustment

Greentown China reported RMB 61.90 billion in cash and cash equivalents and a 2.0 times cash-to-short-term-debt ratio as of the first half of 2026. Interest-bearing liabilities stood at RMB 130.80 billion as of June 30, 2026, while the average financing cost fell to 3.20 percent from the first half of 2025.

Operationally, contracted sales reached RMB 94.70 billion in the first half of 2026, with 94.00 percent of newly added saleable value concentrated in first- and second-tier cities. The company added 22 land parcels with estimated saleable value of RMB 45.90 billion, supporting a more selective land-acquisition strategy.

Market value and next date

Greentown China had a market capitalization of HKD 15.9 billion on October 7, 2026. Its 52-week range was HKD 5.48 to HKD 11.98 on the same dated quote, while the next earnings date listed by Investing.com is December 2, 2026.

The last Lang & Schwarz prior close was EUR 0.71 for October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Greentown China stock.