Zhongan Group (00672) has announced its interim results for the six-month period ended June 30, 2026, revealing a significant downturn in financial performance.

The company recorded revenue of RMB 1.611 billion, representing a substantial decrease of 75.43% compared to the previous corresponding period. The group also reported a loss attributable to owners of the parent company amounting to RMB 219 million, marking a sharp reversal from the profit achieved in the same period last year. Basic loss per share stood at RMB 3.9 cents.

According to the company's announcement, revenue generated from property sales during the review period reached approximately RMB 1.232 billion, reflecting a steep decline of about 80.0% from the RMB 6.16 billion recorded in the same period of 2025. This reduction was primarily attributed to a significant drop in the floor area of properties delivered during the review period compared to the previous year.

Revenue from property leasing amounted to approximately RMB 65.1 million, showing a marginal increase of 0.4% from the RMB 64.9 million recorded in the corresponding period of 2025. Meanwhile, the group's hotel operations generated revenue of approximately RMB 79.2 million, reflecting a decrease of 20.1% from the RMB 99.2 million achieved in the same period last year.

Revenue from property management and other services contributed approximately RMB 235 million, remaining nearly flat with a slight reduction of 0.2% from the RMB 235 million recorded in the corresponding period of 2025.