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Nandu Property's first-half net profit attributable to parent falls 11% year-on-year to 116 million yuan
Nandu Property released its 2026 interim report, showing first-half net profit attributable to the parent fell 11% year-on-year to 116 million yuan, while operating revenue was 908 million yuan, down 0.6% year-on-year. Net profit attributable to the parent after deducting non-recurring items was 61.47 million yuan, up 11% year-on-year, and net operating cash flow was negative 55.46 million yuan, down 167% year-on-year. In the second quarter, the company's operating revenue was 442 million yuan, down 4.2% year-on-year, and net profit attributable to the parent was 67.99 million yuan, down 32.3% year-on-year. The company said it proactively exited some unprofitable projects, which led to the decline in revenue, while non-residential property formats became the core growth driver, and it increased technology investment to promote digital transformation.