China Jinmao Holdings Group (817) investor relations material

Executive summary

• Revenue for the first half of 2026 was RMB21,418.2 million, down 15% year-over-year, mainly due to lower property development revenue.

• Profit attributable to owners was RMB879.2 million, a 19% decrease year-over-year; excluding fair value losses on investment properties, profit was RMB1,009.9 million, down 10%.

• Contracted sales reached RMB57.5 billion, up 8% year-over-year, outperforming the market and raising the industry ranking to 7th.

• Interim dividend of HK3 cents per share declared, with scrip option, to be paid by 30 October 2026.

Financial highlights

• Revenue: RMB21,418.2 million (down 15% year-over-year).

• Profit attributable to owners: RMB879.2 million (down 19% year-over-year).

• Adjusted profit (excluding fair value losses): RMB1,009.9 million (down 10% year-over-year).

• Basic EPS: RMB4.08 cents (down 28% year-over-year).

• Gross margin: 12% (down 4 percentage points year-over-year).

• Total assets: RMB482,259.7 million (up 9% from end-2025).

• Equity attributable to owners: RMB54,632.2 million (up 3% from end-2025).

Outlook and guidance

• The company will maintain strategic focus on high-quality development, product leadership, and customer-centricity.

• Plans to further reduce liabilities and enhance operational efficiency, with emphasis on tackling existing projects and accelerating the second growth curve.

• The next five years are seen as a key window for structural opportunities in the real estate sector, despite ongoing industry consolidation.