{"id":362274,"date":"2026-03-24T09:11:21","date_gmt":"2026-03-24T09:11:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/362274\/"},"modified":"2026-03-24T09:11:21","modified_gmt":"2026-03-24T09:11:21","slug":"chinas-country-garden-to-post-up-to-us320-million-profit-after-debt-overhaul","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/362274\/","title":{"rendered":"China\u2019s Country Garden to post up to US$320 million profit after debt overhaul"},"content":{"rendered":"<p><a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/country-garden-holdings?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Country Garden Holdings<\/a> is expected to return to profit for the year ended December 31, helped by a non-cash gain from the completion of its debt restructuring.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">According to its filings to the Hong Kong stock exchange on Monday night, the group would record \u201ca profit ranging from approximately 1 billion yuan [US$145 million] to 2.2 billion yuan for the year ended December 31, 2025\u201d.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">That compared with the loss of about 35.15 billion yuan over the same period in 2024.<\/p>\n<p>The turnaround was mainly attributable to the completion of its <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/companies\/article\/3336386\/hong-kong-see-more-debt-restructuring-amid-weak-economy-says-king-liquidation?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">debt restructuring<\/a>, the Guangdong-based property development company said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Excluding this factor, the loss was primarily due to pressure on gross profit margins in its development business, affected by industry conditions, and further impairment provisions for certain assets and property projects, it said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Shares of the Chinese developer rallied 6.7 per cent to HK$0.32 in Hong Kong on Tuesday, paring its decline this year to 24 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"Country Garden Holdings is expected to return to profit for the year ended December 31, helped by a&hellip;\n","protected":false},"author":2,"featured_media":362275,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,114,163726,90500,113,240,61,60,103126,107236],"class_list":["post-362274","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-china","tag-country-garden-holdings","tag-debt-restructuring","tag-economy","tag-hong-kong","tag-ie","tag-ireland","tag-property-downturn","tag-shanghai-stock-exchange"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/362274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=362274"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/362274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/362275"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=362274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=362274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=362274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}