[SINGAPORE] Yanlord Land recorded a net profit of 379.2 million yuan (S$67.8 million) for the first half of 2025, reversing from a net loss of 486 million yuan in the year ago period.
This comes amid a shift in the product mix of properties delivered and a reduction in the write-down of completed properties for sale and properties under development.
Revenue declined 53.5 per cent to 9.3 billion yuan, from 20 billion yuan recorded the year before.
Yanlord said on Thursday (Aug 14) that income from property development decreased by 59.9 per cent to seven billion yuan in H1, primarily due to a decrease in gross floor area delivered to customers during the period.
The group reported an earnings per share of S$0.1963 in H1 2025, reversing from a loss of S$0.2516 in H1 2024.
No dividend was declared, unchanged from the year ago period.
Zhong Sheng Jian, Yanlord’s chairman and chief executive officer, said according to published statistics, Chinese national property investment, primary property sales value and sales area in China, continued to decline year-on-year in H1, though the pace of decline has moderated. He said that following over three years of market adjustments, the market is showing early signs of stabilisation.
“The group reported a turnaround to profitability in H1. This was mainly driven by the higher gross profit margins of certain development projects delivered during the period,” he added
Shares of Yanlord closed flat at S$0.585 on Thursday.
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