Performance | Shimao Group turned a profit of 14.4 billion RMB last year

SighingCashier · 2026-03-27T10:33:06+00:00

Shimao Group's attributable profit to shareholders as of the end of last year was 14.473 billion yuan, with earnings per share of 2.61 yuan. No final dividend was paid, and a loss of 35.905 billion yuan is projected for 2024. Revenue was 28.418 billion yuan, a decrease of 52.62%, with property sales accounting for 58.2%. After completing its debt restructuring, the company is expected to turn losses into profits in 2025. The total debt is approximately 182.266 billion yuan, with land reserves of 34.16 million square meters. The company maintains a cautiously optimistic outlook on the Hong Kong market prospects.

SighingCashier

2026-03-27 10:33:06

Abstract generation in progress

Shimao Group (00813) announced that for the year ending last December, the profit attributable to shareholders was 14.473 billion yuan (RMB, same below), with earnings per share of 2.61 yuan, and no final dividend was declared; during the same period in 2024, there was a loss attributable to shareholders of 35.905 billion yuan.

During the period, revenue was 28.418 billion yuan, a year-on-year decrease of 52.62%. Property sales revenue was 16.539 billion yuan, accounting for 58.2% of total revenue.

Thanks to the gains from the company’s completion of overseas debt restructuring, the group is expected to turn a profit in 2025. As of last December, the group’s total borrowings were approximately 182.266 billion yuan, significantly reduced by about 69.785 billion yuan compared to the end of last year.

As of last December, the group’s land reserve was approximately 34.16 million square meters, providing necessary support for future saleable resources.

The group remains cautiously optimistic about the prospects of the Hong Kong market and will continue to flexibly seize market opportunities, striving for steady improvement in sales performance.

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