Changes in Hong Kong stocks | Midea Real Estate (03990) fell more than 5%, medium-term net profit decreased 16.65% year over year, revenue fell 5.72%

The Zhitong Finance App learned that Midea Real Estate (03990) fell by more than 5%. As of press release, it fell 5.08% to HK$2.525, with a turnover of HK$1,893,400.

According to the news, Midea Real Estate announced interim results for the six months ended June 30, 2026. The group obtained revenue of 1,882 million yuan, a year-on-year decrease of 5.72%; the profit attributable to the company's owners was 255 million yuan, a decrease of 16.65% over the previous year. Development services are one of the Group's core business segments. Revenue for the period reached 329.6 million yuan, a year-on-year decrease of 34.7%; revenue from property management services was about 912.7 million yuan, which was basically the same. The Board announced an interim dividend of HK$0.12 per share.