SHIMAO GROUP (00813) announced its interim results, achieving a revenue of 10.961 billion yuan.

SHIMAO GROUP (00813) announced its interim results for the six months ended June 30, 2026, with a revenue of 10.961 billion yuan (RMB, the same below); marketing and promotional costs of 373 million yuan, and a loss attributable to equity holders of the company amounting to 6.187 billion yuan, representing a basic loss per share of 0.66 yuan. During the period, property sales revenue reached 5.918 billion yuan, accounting for 54.0% of total revenue, with recognized sales area of 516,000 square meters. In the first half of 2026, the real estate industry continued to undergo deep adjustments, with the market showing features of weak recovery and strong differentiation. Significant differences exist in the sales performance of different cities and products, and the pace of recovery in consumer confidence for home purchases remains slow. The industry continues to shift focus from scale to cash flow safety and refined operation. The Group prudently assessed market trends, optimized its inventory structure, and concentrated on key projects with strong liquidation potential, accelerating inventory turnover through precise marketing. During the reporting period, the Group achieved a cumulative contract sales value of 8.208 billion yuan, with a contract sales area of 667,945 square meters and an average selling price of 12,289 yuan per square meter. In response to the ongoing adjustments in the industry environment, the Group actively promoted asset restructuring and the disposal of inefficient assets, flexibly managing the development and construction pace of various projects, and efficiently allocating available resources, focusing on the construction and revitalization of key projects. As of June 30, 2026, the Group had approximately 8.83 million square meters under construction, with approximately 320,000 square meters completed during the period. In terms of land reserve management, taking into account the market environment, existing land reserve structure, and operational liquidity, the Group did not add any new land reserves during the period. As of the end of the period, the Group owned about 182 projects, totaling approximately 32.37 million square meters (before equity) of land reserves, providing necessary support for future saleable resource supply. As of June 30, 2026, SHIMAO SERVICES was operating in 126 cities, providing property management services and a variety of community value-added services for 1,354 projects; the managed building area was 190.2 million square meters, with a contracted building area of 306.5 million square meters. As of June 30, 2026, the Group had more than 20 operational hotels under its ownership, including Conrad Shanghai, Sheshan Shimao InterContinental Hotel, Conrad Xiamen, Hilton Wuhan Shimao, Sheshan Shimao Le Meridien, Shimao InterContinental Fuzhou, Hilton Nanjing Shimao Binhai, Hilton Shenyang Shimao, Hilton Changsha Shimao, and Shimao Chengdu Maoyu Hotel, with nearly 7,000 rooms. Additionally, there is one leased direct-operated hotel, the Shimao Ruixuan Shangpin Hotel in Shanghai Hongqiao, with nearly 300 rooms.