Seazen Group stock fell 1.03 percent as revenue dropped

Published on 10/04/2026 at 20:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seazen Group stock closed at HKD 1.44 on October 2, while first-half revenue fell 20.2 percent to CNY 17,686.4 million. A commercial REIT targets CNY 1.54 billion.

Seazen, KYG7956A1094, Illustration mit AI erstellt.

Seazen Group stock (ISIN KYG7956A1094) closed at HKD 1.44 on October 2, 2026, down 1.03 percent on the Hong Kong Stock Exchange. The latest operating picture combines a 20.2 percent revenue decline with a higher gross margin, leaving commercial property operations as the key counterweight to weaker residential sales.

Revenue fell as margins improved

According to Quartr, Seazen Group generated CNY 17,686.4 million in revenue in the first half of 2026, down 20.2 percent year over year. Net profit attributable to equity holders fell 12.1 percent to CNY 608.1 million, while gross profit reached CNY 5,424.0 million and gross margin rose to 30.7 percent from 24.4 percent.

The mix shift matters because the margin gain arrived while property sales weakened. Quartr also reported adjusted core earnings of CNY 626.9 million for the first half of 2026 and a net debt-to-equity ratio of 57.1 percent at June 30, 2026.

REIT plan targets CNY 1.54 billion

Seazen is pursuing a commercial real estate investment trust built around two shopping malls. Benzinga reported that the plan targets CNY 1.54 billion from 500 million fund units, with Seazen retaining a 34 percent stake. The proposed funding offers a route to monetize commercial assets while the residential development business remains under pressure.

The financial trade-off is visible in the sales figures. Benzinga reported that contracted sales reached CNY 7.22 billion in the first seven months of 2026, down 40 percent from CNY 11.98 billion a year earlier, while commercial property revenue rose 2.4 percent to CNY 7.11 billion in the first half.

Eight analysts see Outperform

MarketScreener lists an Outperform consensus from eight analysts and an average target price of CNY 1.893. The consensus uses CNY, whereas the Hong Kong reference price is quoted in HKD, so the two values are not compared here.

Stock stays below yearly high

Seazen Group's HKD 1.44 closing price on October 2, 2026, stood between a 52-week low of HKD 1.30 and a 52-week high of HKD 2.81. Market capitalization was HKD 10.4 billion and trading volume reached 10,305,810 shares on the same date.