China Jinmao Holdings Group Limited announced its unaudited interim performance for the six months ended June 30, 2024. The report shows that the company's revenue decreased by 18% compared to the same period last year, to 21.7949 billion RMB, but the profit attributable to shareholders increased significantly by 133%, reaching 1.01 billion RMB. Basic earnings per share increased by 123% year-on-year, to 7.26 RMB. Interim dividends per share also increased by 100%, to 3.0 Hong Kong cents. Total assets of the company increased by 3%, to 419.376 billion RMB, while the equity attributable to shareholders increased by 40%, to 54.9331 billion RMB. The Chairman mentioned in the statement that despite the continued downturn in the real estate industry, the company is focused on high-quality development and risk control, and has...Show More

China Jinmao Holdings Group Limited announced its unaudited interim performance for the six months ended June 30, 2024. The report shows that the company's revenue decreased by 18% compared to the same period last year, to 21.7949 billion RMB, but the profit attributable to shareholders increased significantly by 133%, reaching 1.01 billion RMB. Basic earnings per share increased by 123% year-on-year, to 7.26 RMB. Interim dividends per share also increased by 100%, to 3.0 Hong Kong cents. Total assets of the company increased by 3%, to 419.376 billion RMB, while the equity attributable to shareholders increased by 40%, to 54.9331 billion RMB. The Chairman mentioned in the statement that despite the continued downturn in the real estate industry, the company is focused on high-quality development and risk control, and has decided to distribute a mid-term dividend of 3 Hong Kong cents per share. The business review section highlights the performance of projects in Tianjin, Qingdao, and other areas, as well as revenue from urban operations, property development, commercial leasing, retail operations, and hotel operations. The financial review analyzes in detail the financial indicators such as revenue, sales costs, and gross margin, and discusses the group's liquidity, capital resources, asset mortgages, financial guarantees, commitments, market risks, interest rate risks, forex risks, network risks, security, data fraud, environmental and social risks, employees, compensation policies, and stock options plans. Looking ahead, despite ongoing market challenges, the group remains bullish on new development opportunities.