Everbright Jiabao Co Ltd

Everbright Jiabao released its 2026 interim report. Total operating revenue was 583 million yuan, and net profit attributable to the parent company was negative 244 million yuan, an improvement of 130 million yuan compared with the same period last year, with the loss narrowing. Net cash flow from operating activities was negative 18.1454 million yuan. The asset-liability ratio was 82.40 percent, down 0.41 percentage points from the previous quarter. Gross margin was 43.11 percent, ranking eighth among peer companies that have disclosed results, up 0.45 and 2.70 percentage points from the previous quarter and the same period last year respectively. The latest return on equity was negative 13.07 percent, and diluted earnings per share was negative 0.16 yuan, an improvement of 0.09 yuan from the same period last year. Total asset turnover was 0.03 times, unchanged from the same period last year, achieving growth for two consecutive years. Inventory turnover was 0.34 times, ranking sixth among peers. The company had 47,600 shareholders, and the top ten shareholders held 753 million shares, accounting for 50.23 percent of total share capital.

Everbright Jiabao disclosed its earnings forecast, expecting a net loss attributable to shareholders of the parent company of 256 million yuan in the first half of 2026, compared with a loss of 373 million yuan in the same period last year. After deducting non-recurring gains and losses, the net loss is expected to be 480 million yuan, compared with a loss of 426 million yuan a year earlier. The company's main businesses are real estate asset management and real estate investment. The loss during the forecast period was mainly due to the consolidated fund projects being in a loss-making state after considering financial expenses and depreciation, as well as the decline in asset valuations of some real estate investment projects, which negatively impacted the net value of investment funds, LP interests, and the fair value of debt investments.