Shanghai Industrial Development disclosed its earnings forecast, expecting a net loss attributable to shareholders of 212 million to 318 million yuan for the first half of 2026, compared with a loss of 754 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 223 million to 335 million yuan, compared with a loss of 780 million yuan a year earlier. The company said the loss was mainly due to a slowdown in the sales pace of real estate projects, resulting in relatively low revenue and profit from property sales carried forward. Shanghai Industrial Development's main business covers three segments: real estate development and sales, property services, and self-owned property leasing.
Shanghai Industrial Development Co LtdSlowdown in real estate project sales pace leads to low revenue and profit from property sales carried forward.