Bright Real Estate Group Co Ltd

Bright Real Estate released its 2026 interim report. During the reporting period, the company's total operating revenue was 1.633 billion yuan, down 41.84% year-on-year. Net profit attributable to the parent company was negative 455 million yuan, a decrease of 57.5924 million yuan compared with the same period last year, with the loss further widening. Net cash inflow from operating activities was 37.625 million yuan, a sharp year-on-year decline of 83.18%. The company's asset-liability ratio rose to 88.20%, an increase of 5.34 percentage points from the same period last year. Gross margin was 10.94%, up 3.56 percentage points year-on-year, but return on equity fell to negative 7.93%. Diluted earnings per share were negative 0.20 yuan. Both total asset turnover and inventory turnover declined year-on-year. As of the end of the reporting period, the company had 32,500 shareholders, and the top ten shareholders held a combined 1.316 billion shares, accounting for 59.03% of total share capital.