Shenzhen New Land Co Ltd

New City released its 2026 interim report. Total operating revenue was 67.15 million yuan, down 5.32 percent year on year. Net profit attributable to the parent company was a loss of 28.78 million yuan, with the loss widening by 16.53 million yuan compared with the same period last year. Net cash flow from operating activities was a negative 50.14 million yuan, a decrease of 27.77 million yuan year on year. The company's asset-liability ratio was 14.46 percent, gross margin was 6.82 percent, return on equity was negative 2.42 percent, and diluted earnings per share was negative 0.14 yuan. The number of shareholders was 12,500, and the top ten shareholders held 59.02 percent of total share capital.

New City disclosed its 2026 semi-annual report on August 26. In the first half of the year, it achieved total operating revenue of 67.15 million yuan, a year-on-year decrease of 5.32%. Net profit attributable to the parent company was a loss of 28.78 million yuan, compared with a loss of 12.26 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 30.22 million yuan, compared with a loss of 31.01 million yuan in the same period last year. Net cash flow from operating activities was negative 50.14 million yuan, compared with negative 22.37 million yuan in the same period last year. During the reporting period, the company's basic earnings per share was negative 0.1413 yuan, and the weighted average return on equity was negative 2.39%. As of the close on August 25, the company's price-to-earnings ratio on a trailing twelve-month basis was approximately negative 46.76 times, the price-to-book ratio on a latest fiscal year basis was approximately 1.78 times, and the price-to-sales ratio on a trailing twelve-month basis was approximately 15.11 times. The company's main businesses are planning and design, urban smart energy, and urban smart operation and maintenance.