China Jinmao Holdings Group (817) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 rose 14% year-over-year to RMB25.11 billion, driven by property development and services.

• Profit attributable to owners increased 8% year-over-year to RMB1.09 billion; excluding fair value losses, profit rose 2%.

• Interim dividend of HK3.0 cents per share declared, unchanged from last year, with scrip option, payable by 31 October 2025.

• Maintained a top-10 industry sales ranking, with contract sales of RMB53.35 billion, ranking 9th nationwide.

• Strategic focus on optimizing assets, organizational reform, and high-quality development.

Financial highlights

• Revenue: RMB25,112.6 million (up 14% year-over-year).

• Profit attributable to owners: RMB1,090.1 million (up 8% year-over-year); adjusted profit: RMB1,123.2 million (up 2%).

• Basic EPS: RMB5.64 cents (down 22% year-over-year); adjusted EPS: RMB5.89 cents (down 26%).

• Gross profit margin: 16%, stable year-over-year.

• Total assets: RMB443,777.5 million (up 8% from end-2024); equity attributable to owners: RMB54,343.1 million.

Outlook and guidance

• Management expects continued industry volatility but sees long-term growth potential as policy support strengthens.

• Focus on cash flow recovery, revitalizing projects, and building competitive advantages in premium holdings, services, and technology.

• Strategic emphasis on high-quality development, technology empowerment, and green, smart housing.

• Company will continue to explore new development models and deepen its strategic positioning as a city operator.