Xincheng Development (01030) announced interim results. Profit attributable to shareholders of 608 million yuan decreased by 12.07% year-on-year

According to the Zhitong Finance App, Xincheng Development (01030) announced results for the six months ended June 30, 2026. The group achieved a turnover of 17.686 billion yuan during the period, a year-on-year decrease of 20.24%; profit attributable to the company's equity holders was 608 million yuan, a year-on-year decrease of 12.07%; and basic profit per share was 0.08 yuan.

In the first half of 2026, the Group's property development business turnover was approximately RMB 10.564 billion. The total construction area of the delivered property is 1,859,600 square meters. The average sales price of the property delivered and confirmed for sale is approximately RMB 5,681 per square meter.

On June 30, 2026, the Group (including joint ventures and joint ventures) had pre-sold but not delivered properties worth approximately RMB 47.429 billion, with a total construction area of about 7.45 million square meters.

For the six months ended June 30, 2026, the Group's contract sales reached approximately RMB 6.357 billion, the total sales area was about 1.02 million square meters, and the average contract sales price (excluding parking space sales) reached approximately RMB 8,489 per square meter.