The severe revenue decline and operating loss confirm deteriorating fundamentals. Watch for resolution of the contractor dispute to unlock frozen units and for the Nam Tai Technology Center completion (H2 2026) as the next major catalyst. The new RMB 700M financing improves liquidity but does not offset near-term earnings pressure.
Price Chart
Executive Summary
Nam Tai Property reported Q2 2026 revenue of $4.9M, down 65% YoY from $14.2M, and a consolidated net loss of $2.9M versus net income of $13.7M in Q2 2025. The sharp decline reflects the wind-down of residential deliveries at Nam Tai Longxi and ongoing soft market conditions, partially offset by new onshore financing of RMB 740M. The company expects revenue to remain under pressure in Q3 2026, with the Nam Tai Technology Center not contributing until after completion later this year.
Key Facts
- Q2 2026 revenue $4.9M vs $14.2M YoY, down 65.08%
- Consolidated net loss $2.9M vs net income $13.7M YoY
- Diluted EPS -$0.05 vs $0.23 YoY
- Cash and cash equivalents $38.5M, down from $43.5M at Dec 2025
- Debt ratio 62.0% vs 61.6% at Dec 2025
- RMB 700M 15-year fixed asset loan from Ping An Bank at 3.5% (80 bps reduction) and RMB 40M credit facility from Shenzhen Rural Commercial Bank
- 54 residential units frozen due to contractor dispute with Weiyueda; litigation ongoing
- Nam Tai Technology Center expected to complete in H2 2026; Tower C reclassified from lease to sale
Financial Impact
Revenue declined $9.2M YoY in Q2; net loss swung from +$13.7M to -$2.9M; cash burn of $5M in H1 2026
Risk Factors
- Prolonged contractor dispute could further impede sales and cash flow
- Weak residential and leasing markets in Dongguan and Shenzhen
- Delays in Nam Tai Technology Center completion or pre-sales approvals
- Termination risk of the Shenzhen Anju master lease agreement
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-350186 |
| Document: 0001193125-26-350186-index-headers.html | 0001193125-26-350186 |
| Document: 0001193125-26-350186-index.html | 0001193125-26-350186 |
| Document: 0001193125-26-350186.txt | 0001193125-26-350186 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 6-K | $4.30 | awaiting T+20 | — | $4.45 (+3.49%) |
Aug 14, 2026 10w ago | 6-K | $4.40 $4.30 | ▲ +2.27% | ▲ +0.28% | $4.45 (−1.14%) |
Jul 13, 2026 15w ago | 6-K | $4.67 $4.74 | ▲ +1.50% | ▼ −1.69% | $4.45 (−4.71%) |
Jun 17, 2026 18w ago | 6-K | $4.70 $4.70 | · 0.00% | ▼ −1.58% | $4.45 (−5.32%) |
May 14, 2026 23w ago | 6-K | $5.10 $4.67 | ▲ +8.43% | ▲ +7.57% | $4.45 (+12.75%) |
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