Shanghai New Huang Pu Real Estate Co Ltd

New Huangpu released its 2026 interim report, showing total operating revenue of 413 million yuan and net profit attributable to the parent company of 212 million yuan, an increase of 110 million yuan compared with the same period last year, achieving growth for two consecutive years and a year-on-year rise of 108.44%. Net cash inflow from operating activities was 859 million yuan, the asset-liability ratio was 77.53%, gross margin was 31.48%, return on equity was 4.46%, and diluted earnings per share was 0.31 yuan, up 108.48% year-on-year. The company had 28,800 shareholders, and the top ten shareholders held 49.79% of the total share capital.

On August 20, the A-share real estate development sector was active in the afternoon, with multiple stocks including Shanghai Chengtou Holding and Fuxing Shares hitting their daily limit up, while Rongan Property, Cinda Real Estate, and Gemdale Corporation followed higher. On the news front, six departments including the Shanghai Municipal Commission of Housing and Urban-Rural Development and Management jointly issued the Notice on Optimising the City's Real Estate Policy Measures, effective from August 21, 2026. It mainly includes eight policy measures across five areas: optimising housing provident fund withdrawals, optimising personal housing credit, implementing trade-in home purchase subsidies, promoting housing voucher resettlement, and advancing the acquisition of second-hand homes. Yan Yuejin, vice president of the Shanghai E-House Real Estate Research Institute, said the policy further reflects support for residents' rigid and improvement housing demand and plays a positive role in consolidating the market's stable and improving trend. Earlier on August 7, Beijing had issued a notice on optimising real estate policies, covering seven measures in three areas: optimising housing purchase restrictions, improving housing gift policies, and increasing housing provident fund support. At the national level, the State Council's decision to amend the Housing Provident Fund Management Regulations has been announced, effective from September 20, 2026, expanding provident fund withdrawal scenarios from six to nine. Huatai Securities believes that the increase in provident fund loan limits will drive demand for low-total-price housing to shift from renting to buying, and if structural interest rate cuts on provident funds occur in the future, it will further help stabilise the market.

New Huangpu expects to achieve a net profit attributable to shareholders of 210 million yuan in the first half of 2026, up about 106.63 percent year on year. However, its non-recurring net loss attributable to shareholders is 8.82 million yuan, a decrease of 88.65 million yuan compared with a profit of 78.93 million yuan in the same period last year, down about 111.05 percent year on year. The growth in net profit attributable to shareholders was mainly due to an increase in investment income during the period, including the company's issuance of the CPIC Asset Management New Huangpu Dream City Rental Housing Holding Real Estate Asset-Backed Special Plan. The decline in non-recurring net profit attributable to shareholders was due to the company being in a transition period, with a decrease in property carryover revenue. In the first quarter of 2026, New Huangpu achieved revenue of 237 million yuan and net profit attributable to shareholders of 138 million yuan.