Ligao Group (01622) announced interim results, loss attributable to shareholders of 1,369 billion yuan, an increase of 131.99% year-on-year

According to the Zhitong Finance App, Ligao Group (01622) announced results for the six months ended June 30, 2026. The group achieved revenue of 1,302 billion yuan (RMB, same below) during the period, an increase of 31.72%; loss attributable to company owners was 1,369 billion yuan, an increase of 131.99% over the previous year; and a basic loss of 38.54 points per share.

According to the announcement, the increase in losses was mainly due to a sharp increase in financing costs, due to the slowdown and suspension of several property development projects under the severe conditions in the Chinese market environment, resulting in a large proportion of borrowing costs not meeting the conditions for capitalization. This increase was partially offset by the conversion of gross losses to gross profit and a reduction in sales and marketing expenses and general and administrative expenses.