Core Viewpoint - China Merchants Jinling (00978) reported a mid-year performance for 2025, showing a revenue of approximately 4.899 billion, a year-on-year decrease of about 6.58% [1] - The company recorded a loss attributable to shareholders of approximately 231 million, a year-on-year reduction of 29.52% [1] Revenue Performance - The decrease in revenue is attributed to a reduction in the total construction area completed and delivered in the first half of 2025 [1] - The company’s revenue performance reflects challenges in the real estate sector, impacting overall financial results [1] Loss Analysis - The narrowing of losses is primarily due to a recovery in the performance of the real estate sales segment [1] - Projects delivered during this period in Nanjing and Chongqing had higher gross profit margins, contributing positively to the financial outcome [1] - An equity method investee transitioned to a consolidated subsidiary during this period, resulting in the recognition of fair value gains exceeding 400 million, which helped reduce the loss compared to the same period last year [1]
招商局置地公布中期业绩 公司拥有人应占亏损约2.31亿元 同比收窄29.52%