Customers look at a model of Longfor Properties project in Zhejiang province in China. Photo: Reuters Customers look at a model of Longfor Properties project in Zhejiang province in China. Photo: Reuters
Customers look at a model of Longfor Properties project in Zhejiang province in China. Photo: Reuters

Destocking efforts by Chinese developers Longfor and Sino-Ocean hit profits

Developers hit by big fall in share prices after posting weaker earnings for first half that saw surge in destocking amid the industry slump

Customers look at a model of Longfor Properties project in Zhejiang province in China. Photo: Reuters Customers look at a model of Longfor Properties project in Zhejiang province in China. Photo: Reuters
Customers look at a model of Longfor Properties project in Zhejiang province in China. Photo: Reuters
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