Shanghai Shimao Narrows 2025 Loss but Still Faces Heavy Impairments

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

Shanghai Shimao Co., Ltd. reported another year of deep losses for 2025, with net loss narrowing to RMB13.03 billion from RMB17.02 billion a year earlier, as operating income fell to RMB5.27 billion from RMB6.68 billion. The results reflect heavy pressure from fair value changes, credit loss allowances and asset impairments, partially offset by gains on asset disposals and a swing in other income, signaling ongoing financial strain for both the subsidiary and its controlling shareholder, Shimao Group Holdings.

Despite the reduced loss and lower basic and diluted loss per share of RMB2.71 versus RMB4.07 in 2024, Shanghai Shimao’s total comprehensive loss remained sizeable at RMB14.19 billion, with significant negative contributions from both majority and minority interests. The persistence of large impairments and financing costs highlights continued balance-sheet stress in a challenging mainland China property market, with implications for creditors and investors tracking Shimao’s ability to stabilize its operations and manage risk.

The most recent analyst rating on (HK:0813) stock is a Sell with a HK$0.20 price target. To see the full list of analyst forecasts on Shimao Property Holdings stock, see the HK:0813 Stock Forecast page.

More about Shimao Property Holdings

Shimao Group Holdings, through its majority-owned subsidiary Shanghai Shimao Co., Ltd., operates in China’s property sector, focusing on real estate development and related services. The Hong Kong-listed parent holds about 66.18% of Shanghai Shimao, underscoring the unit’s importance to the group’s overall business and financial profile.

Average Trading Volume: 44,764,307

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.59B

Learn more about 0813 stock on TipRanks’ Stock Analysis page.