Cai Jing Wang·2025-08-27 11:58Core Insights - Shimao Group reported a significant loss reduction in the first half of 2025 compared to the same period in 2024, with a loss of approximately RMB 89.34 billion, down about 60.6% from RMB 226.68 billion in 2024 [1] Financial Performance - The group's contracted sales amounted to RMB 13.523 billion, with a contracted sales area of 1.109 million square meters [1] - Revenue for the period was approximately RMB 14.827 billion [1] - Income from hotel operations, commercial operations, property management, and other sources was RMB 5.922 billion, showing a decline of about 1.6% compared to RMB 6.021 billion in the first half of 2024 [1] Profitability - The group experienced a gross loss of approximately RMB 909 million, contrasting with a gross profit of RMB 15 million in the first half of 2024 [1] Land Reserves - As of June 30, 2025, the group's land reserves were approximately 40.02 million square meters (before equity) [1]