Shimao Group (HKG:0813) narrowed its attributable loss by 61% to 8.93 billion yuan in the first half of 2025 from 22.7 billion yuan a year prior, a late Wednesday Hong Kong bourse filing said.

Shares of the property company were down nearly 3% in Thursday afternoon trading.

Loss per share was 2.36 yuan, down from 5.98 yuan in the year-ago period.

Revenue for the interim period fell 49% to 14.8 billion yuan from 29.2 billion yuan in the corresponding period of the last year.

The firm attributed the lower loss to a decrease in other losses.