Gemdale reports 30.49 percent sales drop: what it means for Gemdale stock

Published on 10/20/2026 at 02:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

September contracted sales fell 30.49 percent year over year. For Gemdale stock, first-half revenue fell 20.00 percent to RMB 12.54 billion.

Operating and market figures

September contracted sales fell 30.49 percent year over year on October 14, 2026.
First-half revenue declined 20.00 percent to RMB 12.54 billion in 2026.
Gemdale stock was last at CNY 2.25 on Shanghai on October 19, 2026, with a market capitalization of CNY 10.2 billion.

Gemdale, CNE000001790, Illustration mit AI erstellt.

Gemdale (ISIN CNE000001790) reported September contracted sales of RMB 1.55 billion, down 30.49 percent year over year, according to Futu on October 14, 2026. The result gives investors a fresh measure of pressure in the Chinese property developer's core sales business.

What the sales decline means

The September figure followed a 43.76 percent year-over-year decline in contracted sales for the first nine months of 2026. Cumulative contracted sales reached RMB 13.60 billion, while contracted floor area fell 45.48 percent to 977,000 square meters, according to Futu.

The sales contraction matters because settlement revenue was already under pressure in the first half of 2026. Gemdale reported revenue of RMB 12.54 billion, down 20.00 percent year over year, while development revenue declined 28.10 percent to RMB 6.99 billion, as reported by Futu on September 28, 2026.

Margins improved despite losses

Gemdale's overall gross margin rose 3.70 percentage points to 16.90 percent in the first half of 2026. Net profit attributable to shareholders was a loss of RMB 2.75 billion, compared with a loss of RMB 3.70 billion in the prior-year period, while a fair-value gain of RMB 610.00 million supported the narrower loss, according to Futu.

Stock and valuation context

Gemdale stock was last at CNY 2.25 on the Shanghai Stock Exchange on October 19, 2026 at 3:00 p.m. CST. Its market capitalization was CNY 10.2 billion, while the 52-week range stood at CNY 2.03 to CNY 4.30.