China World Trade Center released its 2026 interim report. First-half net profit attributable to the parent was 633 million yuan, up 0.2% year on year. Operating revenue was 1.82 billion yuan, down 3.9% year on year. Net profit attributable to the parent excluding non-recurring items was 628 million yuan, down 0.1% year on year. Net operating cash flow was 796 million yuan, down 5.6% year on year. Earnings per share were 0.6289 yuan. In the second quarter, operating revenue was 916 million yuan, down 2.6% year on year, and net profit attributable to the parent was 328 million yuan, up 2.2% year on year. As of the end of the second quarter, total assets were 10.749 billion yuan, down 6.2% from the end of the previous year, and net assets attributable to the parent were 9.303 billion yuan, down 4.6%. The company is mainly engaged in the leasing and management of investment properties such as office buildings, shopping malls and apartments, as well as hotel operations. During the reporting period, Beijing's commercial property and hotel sectors faced pressure. In the office market, the supply-demand imbalance in the CBD area was pronounced and rents continued to decline. Retail property rents fell slowly, and demand for serviced apartments was insufficient.
China World Trade Center Co LtdFirst-half net profit up only 0.2% with revenue down 3.9%, and operating cash flow down 5.6%, reflecting weak performance.
