Shanghai Shimao Construction Co., Ltd., an indirect wholly-owned subsidiary of Shimao Group, announced its unaudited financial report for the six months ended June 30, 2024. The report shows that the company's revenue during this period was 187.64 million yuan, slightly higher compared to 185.578 million yuan in the same period of the previous year. However, the company incurred a net loss of 48.532 million yuan during these six months, equivalent to the net loss of 48.544 million yuan in the same period of the previous year. The net loss attributable to the shareholders of Shimao Construction was 41.366 million yuan, showing some improvement compared to 51.008 million yuan in the same period of the previous year. As of June 30, 2024, the company's total assets were 2820.409 million...Show More

Shanghai Shimao Construction Co., Ltd., an indirect wholly-owned subsidiary of Shimao Group, announced its unaudited financial report for the six months ended June 30, 2024. The report shows that the company's revenue during this period was 187.64 million yuan, slightly higher compared to 185.578 million yuan in the same period of the previous year. However, the company incurred a net loss of 48.532 million yuan during these six months, equivalent to the net loss of 48.544 million yuan in the same period of the previous year. The net loss attributable to the shareholders of Shimao Construction was 41.366 million yuan, showing some improvement compared to 51.008 million yuan in the same period of the previous year. As of June 30, 2024, the company's total assets were 2820.409 million yuan, compared to 3070.237 million yuan as of December 31, 2023. The total equity attributable to the shareholders of Shimao Construction decreased from 47.1 million yuan at the end of 2023 to 5.916 million yuan in June 2024. The financial report emphasizes that these data are limited to the operations of Shimao Construction and its controlling subsidiaries, and do not reflect the overall business situation of Shimao Group. Investors should exercise caution when trading in securities of the Shimao Group. The financial report will be published on the website of the Shanghai Stock Exchange.