SHIMAO GROUP(HK:00813) Xin Lang Cai Jing·2026-01-07 12:05Core Viewpoint - Shanghai Shimao Construction Co., Ltd. has announced its inability to repay due debts, highlighting significant financial distress amid a challenging real estate market [1] Debt Situation - The company reported a new overdue interest-bearing debt exceeding 100 million yuan, totaling approximately 420 million yuan, due between December 29, 2025, and January 4, 2026 [1] Market Conditions - The real estate market has been under pressure, with weak demand in the new housing market affecting the company's performance [1] - Despite efforts to boost sales and stabilize operations, the company has not managed to overcome the declining sales trend [1] Financial Pressures - The company has faced substantial financial pressures from delivery guarantees and debt repayment obligations over the past years [1] - Financing channels have narrowed and remain constrained, contributing to the company's liquidity issues and overall operational strain [1]