Shimao 1H FY26 net loss narrows 30.7% to RMB 6.19 billion; revenue drops 26.1% to RMB 10.96 billion

• Shimao posted a loss attributable to equity holders of RMB 6.19 billion, narrowing 30.7% from the year-earlier period.
• Revenue fell 26.1% to RMB 10.96 billion, on lower delivered floor area following weaker contracted sales in recent years.
• Gross loss narrowed to RMB 36 million from RMB 908 million, while operating loss improved to RMB 4.16 billion.
• Contracted sales totaled RMB 8.21 billion, with contracted gross floor area of 667,945 sq.m. and an average selling price of RMB 12,289.
• Total borrowings declined to RMB 176.14 billion; cash and bank balances were RMB 10.84 billion, while no interim dividend was declared.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shimao Group Holdings Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260828-12304591), on August 28, 2026, and is solely responsible for the information contained therein.