Shenzhen Overseas Chinese Town Co Ltd

OCT A released its semi-annual report on the evening of August 28, 2026, showing operating revenue of 13.032 billion yuan, up 15.15% year on year, and net profit attributable to the parent company of negative 3.488 billion yuan. The company continued to cut costs and improve efficiency, with selling expenses and administrative expenses down 13.38% year on year. Total interest-bearing liabilities stood at 115.092 billion yuan, of which medium- and long-term borrowings accounted for 77.26%, and the average financing cost was 3.44%, down 14 basis points from the beginning of the year. In the cultural tourism business, the company received 36.16 million visitors in the first half, launched new products such as the Big Eye Jing Ferris wheel at Beijing Happy Valley, and advanced the upgrading and renovation of Happy Valley parks in Chengdu, Shanghai, and Shenzhen. In the real estate business, contracted sales area in the first half was 405,000 square meters, with contracted sales value of 5.43 billion yuan, and some projects in Chongqing and Wuhan performed well. The company said it will continue to improve the quality and efficiency of market-oriented operations, strengthen the core competitiveness of cultural tourism, deepen its presence in core regions, and promote the steady development of the real estate business.