Joy City announced its 2026 interim report on August 28. First-half operating revenue was 12.23 billion yuan, down 19.7% year on year. The company posted a loss of 723 million yuan, down 765.3% year on year, and a non-GAAP loss of 837 million yuan, down 1003.7% year on year. Net operating cash flow was negative 215 million yuan, down 108.0% year on year, and earnings per share were negative 0.17 yuan. Second-quarter operating revenue was 4.73 billion yuan, down 53.3% year on year, with a net loss attributable to the parent of 501 million yuan, down 236.9% year on year. As of the end of the second quarter, total assets were 150.937 billion yuan, down 3.9% from the end of the previous year, and net assets attributable to the parent were 9.859 billion yuan, down 4.1%. In the first half, the company carried out an organizational restructuring, merging its commercial and property divisions to establish Joy Life, and renaming its industrial and office building management department as the industrial development business division. Sales-oriented business revenue declined due to the market environment, and the company is actively expanding projects in first-tier and strong second-tier cities.
Grandjoy Holdings Group Co LtdReports first-half loss of 723 million yuan, down 765.3% year on year, with revenue down 19.7%.
