Shimao Jianshe Posts Narrowed Net Loss

Shimao Property Holdings (HK:0813) has released an update.

Shimao Property Holdings’ subsidiary, Shanghai Shimao Jianshe Co., Ltd., reported a net loss of RMB 4.853 billion for the first half of 2024, slightly improving from the previous year’s RMB 4.854 billion loss. Despite the loss, operating income remained stable at RMB 18.764 billion. The financial statements, prepared according to PRC accounting standards, were specific to Shimao Jianshe’s operations and did not represent the entire group’s performance.

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