Shimao Posts RMB4.5 Billion in Preliminary First-Quarter Contracted Sales

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

Shimao Group Holdings reported unaudited contracted sales of about RMB4.523 billion for the first quarter of 2026, with a contracted sold area of 373,425 square meters and an average selling price of RMB12,112 per square meter. In March alone, contracted sales reached roughly RMB1.712 billion on 142,921 square meters of sold area, at an average price of RMB11,978 per square meter.

The company emphasized that the figures are based on preliminary internal data and may differ from those in forthcoming audited or interim financial statements, urging investors not to place undue reliance on the numbers. The disclosure gives the market an early read on Shimao’s sales momentum in 2026, a key indicator of cash flow and balance-sheet health for the heavily scrutinized mainland developer.

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 is a Hong Kong–listed property developer incorporated in the Cayman Islands, focused on residential and mixed-use real estate projects in mainland China. The group generates revenue primarily through contracted sales of development projects, with performance closely watched by investors amid ongoing volatility in China’s real-estate sector.

Average Trading Volume: 45,007,661

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.59B

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