Core Viewpoint - Times China Holdings Limited reported a significant decline in revenue and an increase in losses for the six months ending June 30, 2025, indicating ongoing financial challenges for the company [1] Financial Performance - Revenue for the period was approximately 2.2679 billion RMB, representing a year-on-year decrease of 62.8% [1] - The company incurred a loss of approximately 3.4179 billion RMB, which is an increase of 20.7% compared to the previous year [1] - Loss attributable to the owners of the company was approximately 3.4361 billion RMB, an increase of 418.2 million RMB from the same period last year [1] Cash and Assets - As of June 30, 2025, the company's cash and bank deposits amounted to approximately 1.7331 billion RMB, a decrease of 22.1% from the end of 2024 [1] - Total land reserves were approximately 9.82 million square meters [1] Debt and Defaults - The company has defaulted on principal repayments totaling approximately 27.575571 billion RMB and interest totaling approximately 4.166021 billion RMB [1] - These defaults have triggered cross-defaults on other loans amounting to approximately 2.2528 billion RMB [1] Sales Performance - For the period from January to July, the cumulative contracted sales (including joint venture projects) amounted to approximately 3.202 billion RMB, with a signed construction area of 56,000 square meters [1]
时代中国控股：今年上半年归母净利润亏损34.3亿元，土地储备约980万平方米