Shanghai Shimao Swings to First-Quarter Loss on Sharp Revenue Drop

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

Shanghai Shimao Co., Ltd., a 66.18%-owned subsidiary of Shimao Group Holdings, reported a sharp year-on-year decline in revenue and swung to a loss in the first quarter of 2026. Operating income fell to RMB 407.6 million from RMB 2.62 billion a year earlier, reflecting a significant slowdown in its property-related activities and continued pressure on its core development business.

The company posted a net loss of RMB 147.2 million for the period, compared with a net profit of RMB 131.6 million in the same quarter of 2025, as operating profit turned negative and non-operating expenses remained substantial. Earnings per share dropped to a basic and diluted loss of RMB 0.03, signaling ongoing profitability challenges and underscoring the difficult operating environment facing Chinese developers and their investors.

The most recent analyst rating on (HK:0813) stock is a Hold with a HK$0.40 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 is a major Chinese real estate developer, with its subsidiary Shanghai Shimao Co., Ltd. focusing on property development and related operations in mainland China. Listed in Hong Kong, the group derives its revenues primarily from residential and commercial property sales, alongside associated property management and ancillary services across key urban markets.

Average Trading Volume: 37,147,248

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.63B

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