Tiandiyuan, at its 2026 interim results briefing, responded to investor criticism over slow transformation progress, saying the company is making every effort to accelerate the implementation of its new industry plans and confirming that as of now there is no situation involving the imposition of ST warning status. The state-controlled real estate enterprise, under Xi'an Gaoke Group and listed on the Shanghai Stock Exchange, achieved operating revenue of 1.63 billion yuan in the first half of the year, down 33.75 percent year on year. Net profit attributable to the parent company was negative 532 million yuan, with the loss widening sharply compared with the same period last year. As of the end of the first half of 2026, its asset-liability ratio reached 91.3 percent. The company said the decline in operating revenue scale and gross margin was mainly affected by sales and carry-over of real estate projects. At the same time, accelerated clearance of existing projects led to lower resource selling prices, and impairment provisions were made for some inventories. In addition, the number of development projects eligible for interest capitalisation was relatively small, resulting in reduced capitalised interest and increased expensed interest. In response to investor questions about the progress of transferring a 21 percent equity stake in Xi'an Chuangdian Zhiku Business Consulting Management Co., Ltd., Tiandiyuan replied that the equity has been listed for transfer through the Western Property Rights Exchange platform and that procedures for changing industrial and commercial registration information are currently being processed.
Tande Co LtdH1 revenue fell 33.75% YoY and net loss widened to 532 million yuan, with asset-liability ratio at 91.3%.
Tiandiyuan said its 21% equity stake in Xi'an Chuangdian Zhiku has been listed for transfer and registration change procedures are underway.
