Shimao Property Holdings ( (SIOPF) ) has released its Q2 earnings. Here is a breakdown of the information Shimao Property Holdings presented to its investors.
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Shimao Property Holdings is a prominent real estate company based in China, primarily engaged in property development, commercial properties operation, property management, and hotel operation. The company is known for its extensive land bank and diverse portfolio of residential and commercial properties.
In its latest earnings report for the first half of 2025, Shimao Property Holdings reported a revenue of approximately RMB14.827 billion, a significant decrease from the previous year. Despite a challenging market environment, the company managed to narrow its losses by over 60% compared to the same period in 2024.
Key financial highlights include contracted sales of RMB13.523 billion and a gross loss of RMB908 million. The company faced a substantial decline in revenue from property sales, which accounted for 60.1% of total revenue. However, revenue from hotel operations and commercial properties remained relatively stable, with only slight decreases.
Looking ahead, Shimao Property Holdings remains focused on product innovation and quality improvement to navigate the ongoing market challenges. The company is actively pursuing strategic measures to enhance its financial position and ensure sustainable growth in the future.