At the midday close on September 17, Hainan Development hit limit down, becoming the only stock in the entire market to do so. According to an announcement dated September 1, 2026, the company's accumulated litigation and arbitration matters remain in the enforcement stage. One case involves a disputed amount of 43.7705 million yuan, and the funds actually frozen in related bank accounts total 56.9922 million yuan, accounting for 9.53% of the most recent audited net assets. According to the half-year report dated August 21, 2026, the company's first-half operating revenue was 1.556 billion yuan, down 0.49% year on year, and net profit attributable to the parent company was a loss of 66.9434 million yuan. On that day, the market surged in early trading before pulling back, and the three major indices all closed lower. The Shanghai Composite Index fell 0.36%, the Shenzhen Component Index fell 0.29%, and the ChiNext Index fell 0.12%. Half-day turnover on the Shanghai and Shenzhen markets reached 1.24 trillion yuan, an increase of 79.5 billion yuan compared with the previous trading day, and more than 3,100 stocks declined across the market.
Hainan Development Holdings Nanhai Co LtdFirst-half net profit attributable to parent was a loss of 66.94 million yuan on revenue down 0.49% year on year.
