Country Garden surges over 6% after profit warning, expects to turn profitable last year with up to 2.2 billion yuan in earnings

SadMoneyMeow · 2026-03-24T06:47:45+00:00

Country Garden's stock price rose more than 6% intraday, trading at 0.315 Hong Kong dollars as of publication. The company expects its 2025 annual profit to be between 1 billion and 2.2 billion Hong Kong dollars, turning from loss to profitability mainly due to non-cash gains from debt restructuring. However, it still faces pressure from gross profit margins in development operations and factors such as asset impairment provisions.

SadMoneyMeow

2026-03-24 06:47:45

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Country Garden (02007) shares rose over 6 intraday. As of press time, the stock price increased by 5%, currently trading at HKD 0.315, with a turnover of HKD 35.6899 million.

On the evening of March 23, Country Garden issued a profit forecast, expecting a profit between HKD 1 billion and HKD 2.2 billion for 2025, compared to a loss of HKD 35.145 billion in the previous year. Based on currently available information, the turnaround from loss to profit this year is mainly due to non-cash gains from debt restructuring completed by the group. Excluding the impact of the debt restructuring gains, the group’s main loss is due to industry pressures, with development business gross profit margins under pressure, and additional provisions for impairment on certain assets and property projects.

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