Jiangsu Phoenix Property Investment Co Ltd

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Phoenix Property Reports Net Loss of 297 Million Yuan in 2026 Interim Report

Phoenix Property released its 2026 interim report, showing a net loss attributable to the parent company of 297 million yuan, a decrease of 308 million yuan compared with the same period last year, turning from profit to loss year-on-year. The company's total operating revenue was 303 million yuan, up 4.19 percent year-on-year, marking a second consecutive year of growth. Net cash inflow from operating activities was 194 million yuan, up 209.11 percent year-on-year. The company's latest asset-liability ratio was 30.80 percent, gross margin was 4.97 percent, return on equity was negative 7.29 percent, and diluted earnings per share was negative 0.32 yuan.

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Phoenix Property's Q2 commercial housing contract sales hit 336 million yuan, up 115.11% year-on-year

Phoenix Property released its operating data for the second quarter of 2026. Commercial housing contract sales reached 336 million yuan, a year-on-year increase of 115.11 percent. Over the same period, commercial housing contract sales area was 16,200 square meters, up 132.76 percent year-on-year. The sharp sales growth was mainly due to a significant increase in the signed area and amount of projects on sale. The company's second-quarter operating revenue was 188 million yuan, up 46.12 percent year-on-year. Of this, residential, apartment, and office sales revenue was 177 million yuan, rental income was 8.78 million yuan, down 21.41 percent year-on-year, parking space revenue was 1.58 million yuan, and storage room sales revenue was 360,000 yuan. In addition, the company had no new real estate land reserves, no new construction starts, and no completed area during the quarter. In the same period last year, the completed area of the Nanjing Zijin Hexufu project was 39,500 square meters.

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Phoenix Property Projects an Interim Loss of 262 Million to 327 Million Yuan for the First Half of 2026

Phoenix Property has issued an announcement projecting an interim loss of 262 million to 327 million yuan for the first half of 2026. The expected loss is mainly due to the impact of the real estate market, with declining sales prices and falling gross margins for projects on sale. At the same time, the company continues to make asset impairment provisions for some projects based on the market environment and product mix in each project's region. In the first quarter of 2026, Phoenix Property achieved revenue of 116 million yuan, with a net loss attributable to the parent company of 28.13 million yuan.

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