New Huangpu released its 2026 interim report. First-half net profit attributable to the parent was 212 million yuan, up 108.4% year on year. Operating revenue was 267 million yuan, down 31.4% year on year. Net loss attributable to the parent excluding non-recurring items was 7.1 million yuan, down 108.9% year on year. Net operating cash flow was 859 million yuan, down 34.8% year on year. Earnings per share were 0.3146 yuan. In the second quarter, operating revenue was 105 million yuan, down 32.8% year on year. Net profit attributable to the parent was 73.53 million yuan, up 205.8% year on year. Net profit attributable to the parent excluding non-recurring items was 18.07 million yuan, up 151.9% year on year. As of the end of the second quarter, total assets were 22.297 billion yuan, up 11.5% from the end of the previous year. Net assets attributable to the parent were 4.75 billion yuan, up 4.7% from the end of the previous year. The company said the real estate industry is shifting from new construction growth to improving existing stock and optimizing structure. The company adheres to a dual-engine strategy of real estate and finance. Real estate development is mainly concentrated in the Yangtze River Delta region, covering rental housing, commercial housing, and affordable housing. Its financial business is also gradually forming a diversified layout.
Shanghai New Huang Pu Real Estate Co LtdNet profit attributable to parent up 108.4% year on year, with Q2 profit up 205.8%.
