Central China Real Estate Limited (CCRE) released its unaudited interim report for the six months ended 30 June 2026.

Financial Performance • Revenue fell 40.2 % year-on-year to RMB 3.93 billion, reflecting soft property market conditions and lower handover volume. • Gross profit contracted 41.7 % to RMB 316 million; gross margin slipped to 8.0 % (1H 2025: 8.2 %). • Net loss attributable to shareholders widened 35.0 % to RMB 1.72 billion; overall net loss totalled RMB 1.83 billion. • Finance costs rose 9.3 % to RMB 436 million as lower capitalisation rates offset declining borrowings. • Cash and cash equivalents (including restricted deposits) declined 37.3 % to RMB 534.57 million. • Net borrowings stood at RMB 21.92 billion; cash-to-short-term-debt ratio deteriorated to 0.02.

Operational Metrics • Contracted sales declined 15.5 % to RMB 3.76 billion, with gross floor area (GFA) down 19.8 % to 0.568 million sq m; average selling price increased 5.3 % to RMB 6,612 per sq m. • 25 projects were delivered, providing 7,621 units and 0.98 million sq m to buyers. • Projects under construction fell to 68 (2025: 95), covering 5.63 million sq m. • Land bank totalled 24.19 million sq m GFA; attributable land bank was 18.39 million sq m.

Liquidity and Capital Structure • Total borrowings decreased 3.4 % to RMB 22.45 billion; RMB 20.5 billion mature within 12 months. • Offshore senior notes of RMB 13.35 billion remain in default; no extension agreements signed. • Management cites “multiple material uncertainties” over going-concern, contingent on offshore debt restructuring, liquidity enhancement and asset disposals.

Dividends • The Board resolved not to declare an interim dividend for 1H 2026 (1H 2025: nil).

Post-Balance-Sheet Event • On 23 July 2026 CCRE agreed to sell cultural-tourism assets (Unique Henan • Land of Dramas and Jianye Movie Town) for RMB 3.00 billion; completion pending.

Compliance and Governance • CCRE states full compliance with the HKEX Corporate Governance Code during the period, except for board attendance deviations at the 10 June 2026 AGM.

Outlook Management plans to accelerate asset disposals, negotiate debt extensions, and pursue offshore debt restructuring while prioritising project delivery and cash collection amid a challenging Henan property market.