Shimao stock reports a RMB 6.187 billion interim loss

Shimao stock is dealing with a RMB 6.187 billion first-half loss as the Chinese property developer faces a winding-up petition tied to court judgments. FilingReader reported the interim figures on September 25, 2026, while the petition hearing is scheduled for November 11, 2026.

Revenue falls 26.1 percent

For the six months ended June 30, 2026, Shimao reported revenue of RMB 10.961 billion, down 26.1 percent from RMB 14.827 billion in the comparable period. The company attributed the decline to lower delivered floor area, making property handovers the key operating pressure in the latest report.

Loss attributable to equity holders narrowed to RMB 6.187 billion from RMB 8.934 billion a year earlier, a 30.7 percent improvement. The group still posted a gross loss of RMB 36 million, although that compared with a gross loss of RMB 908 million in the prior-year period.

Debt remains the central risk

The winding-up petition was filed at the High Court of Hong Kong on August 27, 2026, in connection with mainland Chinese court judgment debts. The judgments total RMB 2.5 billion, and the first hearing is set for November 11, 2026, according to FilingReader.

Total borrowings declined by RMB 6.123 billion during the first half to RMB 176.143 billion. That reduction is material, but the remaining balance is still more than 16 times the company's first-half revenue, highlighting why restructuring progress matters alongside operating performance.

Sales remain subdued

Unaudited contracted sales reached RMB 9.721 billion in the first eight months of 2026, including RMB 710 million in August. MarketScreener reported contracted sold area of 792,172 square meters for the eight-month period and an average selling price of RMB 12,271 per square meter.

For investors, Shimao's latest numbers present two opposing signals: the net loss improved by 30.7 percent year over year, while revenue contracted by 26.1 percent. The legal timetable and the group's ability to convert sales into liquidity remain the more immediate markers for the stock.

Market value stays below HKD 500 million

Shimao's market capitalization stood at HKD 435.8 million on September 30, 2026. Its 52-week range was HKD 0.04 to HKD 0.39 on the same date, placing the equity at the bottom of that recorded range.