Xiamen C&D (600153) H1 2025 earnings summary

Executive summary

• Achieved revenue of ¥315.32 billion in H1 2025, down 1.16% year-over-year; net profit attributable to shareholders was ¥841 million, down 29.87% year-over-year.

• Supply chain operations remained stable, while real estate and home furnishing segments saw profit declines.

• Net assets attributable to shareholders at period end were ¥71.33 billion; total assets reached ¥889.19 billion.

Financial highlights

• Revenue: ¥315.32 billion, down 1.16% year-over-year.

• Net profit attributable to shareholders: ¥841 million, down 29.87% year-over-year.

• Operating cash flow: ¥17.87 billion.

• Basic EPS: ¥0.20, down 39.39% year-over-year.

• Gross margin for supply chain: 2.01%; real estate: 13.33%; home furnishing: 60.27%.

Outlook and guidance

• Management expects continued pressure on real estate and home furnishing segments due to market conditions.

• Supply chain business to focus on risk control, international expansion, and digital transformation.

• Real estate segment to prioritize high-quality land acquisition in tier-1/2 cities and product innovation.