Shenzhen Zhenye Group released its half-year report on August 26. First-half operating revenue was 796 million yuan, down 57.70 percent year on year, while net profit attributable to the parent company showed a loss of 95.7314 million yuan, widening by 34.88 percent from a year earlier. In the first quarter, the company had reported attributable net profit of 7.5274 million yuan, a year-on-year turnaround, but a second-quarter loss of 103 million yuan wiped out that first-quarter profit. The company attributed the revenue decline mainly to a smaller carry-over scale. Property sales revenue was 724.9 million yuan, accounting for 91.02 percent of the total and falling 59.93 percent year on year. The period expense ratio climbed from 10.53 percent to 22.85 percent, financial expenses rose 6.96 percent year on year, and asset impairment losses of 68.2379 million yuan further eroded profit. The company plans to focus on the Guangdong-Hong Kong-Macao Greater Bay Area and accelerate the sell-down of existing projects. Its 2026 budget revenue target is no less than 2.5 billion yuan, but the first-half completion rate was less than 32 percent.
Shenzhen Zhenye Group Co LtdFirst-half net loss widened 34.88% to 95.73 million yuan, with Q2 loss wiping out Q1 profit.
