Xinji Shaxi Group Reports 9.9% Revenue Decline, Loss Narrows to RMB 29.1M, EPS Improved to RMB (0.02)

Reuters
Aug 29
<a href="https://laohu8.com/S/03603">Xinji Shaxi</a> Group Reports 9.9% Revenue Decline, Loss Narrows to RMB 29.1M, EPS Improved to RMB (0.02)

Xinji Shaxi Group Co., Ltd. reported its unaudited condensed consolidated interim results for the six months ended June 30, 2025. The Group recorded a revenue of RMB116.6 million, marking a decrease of approximately 9.9% compared to RMB129.4 million during the same period in 2024. This decline was attributed mainly to leasing concessions granted to merchants in the first half of 2025. The Group's loss for the period narrowed significantly to RMB29.1 million from RMB91.3 million in the previous year. The core net profit was RMB28.3 million, down from RMB47.0 million in the first half of 2024, with the core net profit margin decreasing from 36% to 24%. The Group experienced fair value losses on investment properties amounting to RMB76.6 million, compared to RMB184.4 million in the prior year period. Revenue from rental income, property management services, and sales of goods contributed RMB83.6 million, RMB28.6 million, and RMB4.4 million, respectively, with rental income seeing a notable drop from RMB95.6 million in 2024. The Board has decided not to recommend the payment of any interim dividend for the reporting period. The Company continues to operate and manage hospitality supplies and home furnishing shopping malls in the People's Republic of China.

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