Shimao Group Unit Turns to Q1 Profit

MT Newswires Live

2025/05/01

Shanghai Shimao (SHA:600823) recorded an attributable profit of 52.6 million yuan in the first quarter, compared with an attributable loss of 64.5 million yuan in the year-ago period, a Wednesday Hong Kong bourse filing by parent Shimao Group (HKG:0813) said.

Earnings per share were 0.01 yuan in the three months, while the company had incurred a loss per share of 0.02 yuan in the same period last year.

Operating income for the real estate developer rose to 2.62 billion yuan in the quarter from 1.03 billion yuan a year prior.

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