SHIMAO GROUP (00813) announced its annual results for the period ending December 31, 2025. The group recorded revenue of RMB 28.418 billion, a decrease of 52.62% compared to the previous year. Profit attributable to equity holders was RMB 14.473 billion, a significant improvement from a loss of RMB 35.905 billion in the same period last year. Basic earnings per share stood at RMB 2.61.

The shift to profitability in 2025 was primarily driven by gains from the successful completion of the company's offshore debt restructuring. Annual profit reached approximately RMB 4.477 billion, compared to an annual loss of approximately RMB 43.686 billion in the prior year.

As the real estate sector continues to experience an overall contraction in scale, product strength and refined operational management have become core drivers of development. The group remains committed to accurately identifying market and customer demands, focusing on enhancing product quality and creating customer value. It continues to strengthen comprehensive, refined management across all processes, ensuring sales momentum through multi-dimensional marketing and efficient execution.

In 2025, the group achieved contracted sales of RMB 23.953 billion, with a total contracted sales area of 1.9646 million square meters. The average selling price for the year was RMB 12,192 per square meter.

SHIMAO Services, a subsidiary, reported revenue of RMB 7.88 billion for 2025, with a gross profit of RMB 1.4 billion. Net profit was RMB 134.6 million, while core net profit reached RMB 572 million. As of December 31, 2025, SHIMAO Services operated in 145 cities, providing a wide range of services for 1,428 projects. Its managed gross floor area was 221 million square meters, with a contracted gross floor area of 334.6 million square meters.

As of the end of 2025, the group had a total construction area of approximately 9.18 million square meters under development, with approximately 2.46 million square meters completed during the year. The group held a land reserve (pre-interest) of approximately 34.16 million square meters across about 192 projects, providing essential support for future salable resources.

Taking into account the market environment, the structure of existing land reserves, and operational liquidity, the group did not acquire new land reserves in 2025. It will continue to adhere to a prudent and rational investment strategy, focusing on core resources to solidify the foundation for sustainable operational development.