Shenzhen New Nanshan Holding Group Co Ltd

Nanshan Holdings released its 2026 interim report, showing total operating revenue of 3.058 billion yuan, down 47.11 percent year on year. Net profit attributable to the parent swung to a loss of 639 million yuan, a decline of 797.89 percent. Net cash inflow from operating activities was 1.897 billion yuan, up 63.35 percent year on year, rising for a second consecutive year. The asset-liability ratio climbed to 77.32 percent, gross margin fell to 19.30 percent, and return on equity was negative 10.23 percent. Diluted earnings per share were negative 0.24 yuan, down 900 percent year on year.

Nanshan Holdings disclosed its earnings forecast, expecting a net loss attributable to the parent company of 520 million to 740 million yuan in the first half of 2026, compared with a profit of 91.5298 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 530 million to 750 million yuan, compared with a profit of 90.9456 million yuan in the same period last year. Basic earnings per share are expected to be between negative 0.192 yuan and negative 0.2733 yuan. The company stated that the change in performance is mainly due to the reduction in the settlement scale of real estate development projects and the narrowing of profit margins, while also prudently making corresponding impairment provisions for assets showing signs of impairment. The company's main businesses include warehousing and logistics, real estate development, manufacturing, and industrial park operations.