Shares of Midea Real Estate Holding Ltd (HKG: 3990) are soaring 5.01% in Thursday's trading session, following the company's announcement of an interim dividend and the release of its first-half 2025 financial results.
The Chinese property developer declared an interim dividend of HKD 0.15 per share for the six months ended June 30, 2025. The dividend is scheduled to be paid on December 22, 2025, and does not require approval from shareholders. This move appears to have boosted investor confidence in the company's financial health and commitment to shareholder returns.
Adding to the positive sentiment, Midea Real Estate reported solid financial results for the first half of 2025. The company's core net income reached RMB 312.08 million, while revenue stood at RMB 1,996.59 million. Gross profit for the period was reported at RMB 614.73 million, with basic earnings per share coming in at RMB 0.21. These figures suggest that Midea Real Estate has maintained profitability despite the challenges faced by China's real estate sector, which may be contributing to the stock's significant uptick.