Seazen Holdings' 2026 interim net profit was 849 million yuan, down 5.15% year-on-year
Seazen Holdings released its 2026 interim report. Total operating revenue was 17.644 billion yuan, down 20.16% from the same period last year. Net profit attributable to the parent company was 849 million yuan, down 5.15% year-on-year. Net cash inflow from operating activities was 824 million yuan. The company's latest asset-liability ratio was 69.73%, gross margin was 33.10%, ROE was 1.36%, and diluted earnings per share was 0.38 yuan. The number of shareholders was 40,800, and the top ten shareholders held 73.35% of the total share capital.
Seazen Holdings July Commercial Operating Revenue Reaches Approximately 1.241 Billion Yuan, Up 3.42% Year-on-Year
Seazen Holdings announced that in July 2026, the company achieved total commercial operating revenue of approximately 1.241 billion yuan, a year-on-year increase of 3.42%. Contracted sales for the month amounted to approximately 861 million yuan, down 48.14% year-on-year, with a sales area of approximately 139,700 square meters, down 34.70% year-on-year. In the first seven months of this year, the company's cumulative commercial operating revenue was approximately 8.353 billion yuan, up 2.57% year-on-year, while cumulative contracted sales reached approximately 7.218 billion yuan, down 39.80% year-on-year. In terms of commercial operations, as of the end of July, the company managed a total of 182 plaza projects with a total gross floor area of approximately 16.7864 million square meters. Rental income in July was approximately 1.159 billion yuan, and cumulative rental income for the first seven months was approximately 7.795 billion yuan.
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Seazen Holdings Completes 750 Million Yuan Medium-Term Note Issuance with 2.45 Times Oversubscription
Seazen Holdings has completed the first tranche of its 2026 medium-term notes, with a size of 750 million yuan, a tenor of five years, a coupon rate of 2.8 percent, and a subscription ratio of 2.45 times. This tranche is fully and unconditionally guaranteed on a joint and several basis by China Bond Insurance Corporation, and China Chengxin International has assigned triple-A ratings to both the issuer and the bond. This marks the fourth consecutive year that Seazen Holdings has received policy support under the private enterprise bond financing support tool. Industry insiders believe such credit enhancement arrangements help lower the bond issuance costs for private property developers. Since the start of this year, Seazen Holdings has continued to advance diversified financing, including the offshore issuance of 355 million US dollars in senior guaranteed notes in February, and the completion of the country's first expansion of a consumer-focused inter-agency REIT at the end of June, with an expansion size of 2.146 billion yuan. Operating data shows that commercial operating revenue in the first half of the year reached 7.112 billion yuan, up 2.42 percent year-on-year, and the average occupancy rate of Wuyue Plaza stood at 98.32 percent. On the debt management front, the company repaid a total of 2.014 billion yuan in onshore and offshore public market bonds in the second quarter, and as of the end of June, the attributable interest-bearing debt of its joint ventures and associates was 1.942 billion yuan, continuing a trend of shrinking debt. International rating agency S&P recently upgraded the rating outlook of Seazen Holdings to stable.
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Seazen Holdings June commercial operating revenue rises 0.34% year-on-year, contracted sales fall 35.94%
Seazen Holdings announced that in June 2026, the company achieved total commercial operating revenue of approximately 1.187 billion yuan, up 0.34% year-on-year. In the first half of 2026, cumulative commercial operating revenue reached approximately 7.112 billion yuan, up 2.42% year-on-year. Contracted sales in June amounted to approximately 957 million yuan, down 35.94% year-on-year, with a sales area of approximately 153,400 square metres, down about 21.91% year-on-year. In the first half of the year, cumulative contracted sales totalled approximately 6.357 billion yuan, down 38.46% year-on-year, and cumulative contracted sales area was approximately 1,024,800 square metres, down 23.24% year-on-year. In the first quarter of 2026, the company recorded revenue of 7.317 billion yuan and net profit attributable to shareholders of 312 million yuan.
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