Guangdong Shunkong Development Co Ltd

Guangdong Shunkong Development Co., Ltd. announced the completion of the first tranche of its 2026 medium-term notes, with an issuance amount of 600 million yuan, a term of 3 plus 2 years, and a coupon rate of 1.72 percent. The notes are abbreviated as 26 Shunkong Development MTN001 (M&A), with code 102683444, issued at 100 yuan per 100 yuan face value, with an interest accrual date of August 31, 2026, and a redemption date of August 31, 2031.

Shunkong Development released its 2026 interim report, with net profit attributable to the parent company of 127 million yuan, an increase of 6.0973 million yuan compared with the same period last year, up 5.03% year on year, achieving growth for three consecutive years. The company's total operating revenue was 1.109 billion yuan, up 5.29% year on year, growing for four consecutive years; net cash inflow from operating activities was 214 million yuan, up 1.43% year on year. The company's latest asset-liability ratio was 51.20%, down 1.08 percentage points from the same period last year; gross margin was 42.16%, up 1.74 percentage points year on year; diluted earnings per share was 0.21 yuan, up 5.04% year on year.