Overseas Chinese Town A released its 2026 semi-annual report. First-half operating revenue was 13.032 billion yuan, up 15.15% year on year, and net profit attributable to the parent was negative 3.488 billion yuan. The company continued to push cost reduction and efficiency improvement, with selling expenses and administrative expenses down 13.38% year on year. As of the end of June, total interest-bearing liabilities were 115.092 billion yuan, of which medium- and long-term borrowings accounted for 77.26%, and the average financing cost was 3.44%, down 14 basis points from the beginning of the year. In the cultural tourism business, the company received 36.16 million visitors, launched new products such as the Big Eye Beijing Ferris wheel at Beijing Happy Valley, and advanced upgrades of several Happy Valley themed areas. In the real estate business, first-half contracted sales area was 405,000 square meters and contracted sales amount was 5.43 billion yuan, with projects such as Xiaolongkan in Shapingba, Chongqing performing prominently. The company said it will continue to improve the quality and efficiency of market-oriented operations, strengthen the core competitiveness of cultural tourism, deepen its presence in core regions, and promote the steady development of the real estate business.
Shenzhen Overseas Chinese Town Co LtdFirst-half net loss attributable to parent of 3.488 billion yuan despite revenue up 15.15% year on year.
