Changes in Hong Kong stocks | C&D International Group (01908) fell more than 7%. Profit attributable to shareholders in the first half of the year decreased by 9.67% year on year, Citi is optimistic that sales growth will be corrected during the year

The Zhitong Finance App learned that C&D International Group (01908) fell by more than 7%. As of press release, it was down 7.35% to HK$11.97, with a turnover of HK$281 million.

According to the news, C&D International Group announced its interim results for the six months ended June 30, 2026. The group achieved revenue of RMB 17.797 billion (same unit), a year-on-year decrease of 47.91%; profit attributable to the company's equity holders was 825 million yuan, a decrease of 9.67% over the previous year; and basic profit per share was 36.19 points. According to the announcement, property development revenue decreased from about 32.14 billion yuan in the same period last year to about 15.25 billion yuan in the current period, a decrease of about 16.89 billion yuan. The decline in property development revenue during the period was mainly due to a decrease in the saleable floor area delivered in the current period compared to the same period last year.

Citigroup released a research report saying that C&D International's equity sales in the first seven months were about 54 billion yuan, down 6% year on year, outperforming the industry's 15% decline. Citi expects the company's sales growth to correct in the second half of the year. Driven by the accelerated pace of promotion starting in September, equity sales will maintain at least RMB 90.9 billion for the whole year. Meanwhile, Citi launched a 30-day short-term downward observation. The bank is optimistic about its continued increase in market share, recovery in gross margin, low financing costs, and operating business contributions.