Tianjin Jinbin Development

Jinbin Development released its 2026 interim report. Total operating revenue was 86.68 million yuan, down 55.70 percent year on year. Net profit attributable to the parent company was negative 6.72 million yuan, swinging from profit to loss year on year, a decline of 411.10 percent. Net cash flow from operating activities was negative 106 million yuan, an increase of 573 million yuan year on year. The asset-liability ratio was 42.29 percent, gross margin was 37.45 percent, return on equity was negative 0.22 percent, and diluted earnings per share was negative 0.00 yuan. The company had 76,300 shareholders, and the top ten shareholders held 27.95 percent of total share capital.

Jinbin Development disclosed its earnings forecast, expecting a net loss attributable to the parent company of 4.7 million to 7 million yuan in the first half of 2026, compared with a profit of 2.1616 million yuan in the same period last year. The net loss after deducting non-recurring items is also expected to be 4.7 million to 7 million yuan, versus a profit of 2.6994 million yuan a year earlier. Basic earnings per share are projected at negative 0.0029 yuan to negative 0.0043 yuan. The company said the main reason for the decline in performance is that there were no new projects available for settlement during the reporting period, leading to a decrease in settlement revenue from real estate projects compared with the same period last year.