Grandjoy Holdings Group Co Ltd

Grandjoy released its 2026 interim report, with total operating revenue of 12.23 billion yuan, down 19.71% year-on-year, and net profit attributable to the parent company of negative 723 million yuan, swinging from profit to loss year-on-year, a decline of 765.26%. Net cash flow from operating activities was negative 215 million yuan, a year-on-year decrease of 831 million yuan. The company's asset-liability ratio rose to 77.11%, gross margin fell to 24.51%, ROE was negative 7.33%, and diluted earnings per share was negative 0.17 yuan. The number of shareholders was 86,500, and the top ten shareholders held 74.60% of total share capital.

Joy City announced its 2026 interim report on August 28. First-half operating revenue was 12.23 billion yuan, down 19.7% year on year. The company posted a loss of 723 million yuan, down 765.3% year on year, and a non-GAAP loss of 837 million yuan, down 1003.7% year on year. Net operating cash flow was negative 215 million yuan, down 108.0% year on year, and earnings per share were negative 0.17 yuan. Second-quarter operating revenue was 4.73 billion yuan, down 53.3% year on year, with a net loss attributable to the parent of 501 million yuan, down 236.9% year on year. As of the end of the second quarter, total assets were 150.937 billion yuan, down 3.9% from the end of the previous year, and net assets attributable to the parent were 9.859 billion yuan, down 4.1%. In the first half, the company carried out an organizational restructuring, merging its commercial and property divisions to establish Joy Life, and renaming its industrial and office building management department as the industrial development business division. Sales-oriented business revenue declined due to the market environment, and the company is actively expanding projects in first-tier and strong second-tier cities.