Shanghai Industrial Development Co Ltd

Shanghai Industrial Development released its 2026 interim report, with net profit attributable to the parent company at negative 258 million yuan, an improvement of 497 million yuan compared with the same period last year, narrowing the loss. The company's total operating revenue was 1.016 billion yuan, and net cash outflow from operating activities was 507 million yuan, an increase of 621 million yuan compared with the same period last year, achieving improvement for two consecutive years. The latest asset-liability ratio was 59.23 percent, gross margin was 12.35 percent, up 1.68 percentage points from the previous quarter, and return on equity was negative 2.53 percent, an increase of 4.80 percentage points from the same period last year. Diluted earnings per share were negative 0.14 yuan, an increase of 0.27 yuan from the same period last year. The company had 35,500 shareholders, and the top ten shareholders held 64.75 percent of the total share capital.

Shanghai Industrial Development disclosed its earnings forecast, expecting a net loss attributable to shareholders of 212 million to 318 million yuan for the first half of 2026, compared with a loss of 754 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 223 million to 335 million yuan, compared with a loss of 780 million yuan a year earlier. The company said the loss was mainly due to a slowdown in the sales pace of real estate projects, resulting in relatively low revenue and profit from property sales carried forward. Shanghai Industrial Development's main business covers three segments: real estate development and sales, property services, and self-owned property leasing.