Shenzhen Properties A disclosed its earnings forecast, expecting a net loss attributable to the parent of 69 million yuan in the first half of 2026, compared with a profit of 14.428 million yuan in the same period last year. The net loss after deducting non-recurring items was 73.4 million yuan, compared with a loss of 25.413 million yuan in the same period last year. Basic earnings per share stood at negative 0.1158 yuan per share. The company stated that although revenue recognized from real estate development increased year-on-year, the overall operating gross margin declined due to lower gross margins on the projects recognized, leading to a decrease in net profit.
Shenzhen Properties & Resources Development Group LtdExpects net loss of 69 million yuan in H1 2026 vs profit of 14.428 million yuan last year, due to lower gross margins.