China Jinmao Holdings Group (817) H2 2025 earnings summary

Executive summary

• Achieved RMB59.4 billion in revenue for 2025, up 1% year-over-year, with profit attributable to owners rising 18% to RMB1.25 billion.

• Ranked 8th in contracted sales in the industry, with RMB113.5 billion in contracted sales, a 16% increase year-over-year.

• Maintained a stable asset-to-liability ratio and improved gross profit margin to 16% from 15% last year.

• Continued focus on product-driven strategy, technological innovation, and sustainable development, with high ESG ratings.

Financial highlights

• Revenue: RMB59,371.3 million (+1% YoY); gross profit: RMB9,221.3 million (+7% YoY).

• Profit attributable to owners: RMB1,253.2 million (+18% YoY); core profit (excluding fair value losses): RMB1,362.7 million (+2% YoY).

• Basic EPS: RMB4.38 cents (-16% YoY); EPS excluding fair value losses: RMB5.19 cents (-28% YoY).

• Net debt-to-adjusted capital ratio: 69% (up from 67%).

• Interim dividend: HK3.0 cents per share; no final dividend declared.

Outlook and guidance

• Anticipates continued industry pressure and market bottoming in 2026, but expects structural opportunities from urbanization and consumption upgrades.

• Focus on accelerating the second growth curve in premium holding, quality service, and building technology.

• Plans to maintain high-quality development, risk control, and ESG leadership.