Longfor H1 2026 Core Profit Down 95%, Development Loss RMB4.1 billion
Longfor Group reported a roughly 95% year-on-year decline in core profit attributable to shareholders for the first half of 2026, driven by continued losses in its property development business. The segment posted an adjusted loss of RMB4.114 billion, offsetting nearly 60% of the combined adjusted profit of RMB6.962 billion from its operations and services businesses.
In the first half of 2026, Longfor Group's core profit attributable to shareholders fell by approximately 95% year on year, as its property development business remained loss-making. According to the interim results released on August 28, the development business recorded an adjusted loss of RMB4.114 billion for the six months ended June 30, 2026. During the same period, the operations and services businesses together generated an adjusted profit of RMB6.962 billion, meaning the development loss consumed nearly 60% of the combined profit from those two segments.
In 2025, Longfor's property development business swung to a loss, posting a full-year deficit of RMB8.14 billion. Longfor Group (00960. HK) is one of the few large private real estate developers that has maintained normal financing and operations amid the industry's deep adjustment, but its traditional development business has shifted from a profit contributor to a drag on overall performance.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is negative for Residential Development, with intensity 60/100 and 80% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.