A shift in tax treatment and a smaller loss at its property subsidiary are set to weigh on shareholder-attributable earnings, highlighting continued pressure on China’s distressed-debt managers amid the real-estate downturn
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China Cinda Asset Management Co. Ltd. said net profit attributable to shareholders for the first half of 2026 is expected to fall 60% to 70% from a year earlier, underscoring the pressure still facing China’s biggest distressed-debt managers as the property downturn continues to weigh on earnings.
Profit falls to HK$6.3 billion (US$806.4 million) in the first half, below analysts’ expectations of about HK$14.2 billion.
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Fixed-asset investment dropped 5.7% in the first half of the year, missing estimates and raising pressure on Beijing
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China Resources Land’s interim profit rose 16.2 per cent to 11.9 billion yuan, while Sunac’s loss narrowed by 14.4 per cent.
