Beijing North Star Company (588) Q3 2026 earnings summary

Executive summary

• 9M 2026 operating revenue was RMB4,300,922,360, down 1.51% YoY; net loss attributable to owners was RMB1,251,683,462, narrower than the RMB2,173,756,917 loss in 9M 2025.

• Net cash from operating activities reached RMB1,594,205,856, up 44.00% YoY, as cash paid for goods and taxes fell.

Financial highlights

• Q3 revenue was RMB1,255,441,299, down 6.84% YoY; total profit was a loss of RMB320,985,846.

• Q3 net loss attributable to owners was RMB371,479,268; excluding non-recurring items, the loss was RMB380,468,024.

• 9M total profit was a loss of RMB1,141,809,875; net loss attributable to owners after non-recurring items was RMB1,273,520,133.

• 9M consolidated total operating costs were RMB4,753,180,516, compared with revenue of RMB4,300,922,360.

Segment performance

• Jan–Sep convention centre projects generated RMB367,570,000 revenue; hotel projects generated RMB512,310,000, across gross floor areas of 367,900 m² and 346,800 m², respectively.

• Office and integrated commercial properties generated RMB515,620,000 revenue across 578,500 m²; apartment projects generated RMB173,960,000 across 184,300 m².

• Real estate development recorded sales of 191,200 m² and RMB1.965bn; equity sales were 184,500 m² and RMB1.889bn.