Shimao Group Loss

Shimao Group Loss

NANJING, CHINA - SEPTEMBER 18, 2024 - A building of Shimao Group, which has been unfinished for more than two years, in Nanjing, Jiangsu Province, China, September 18, 2024. On September 18, 2024, China Real Estate Information Group (CRIC) released data, which showed that the revenue and profit scale of the typical 50 housing enterprises monitored by it fell in the first half of the year, of which the operating income was 1,457.2 billion yuan, down 13% year-on-year; Gross profit was 161.5 billion yuan, down 34% year on year; Net profit loss of 37.3 billion yuan, the loss of net profit attributable to the mother increased to 47.9 billion yuan. Among them, Shimao Group's net profit loss was the most serious, with a loss of 24.2 billion yuan in the first half.

Shimao Group Loss

Shimao Group Loss

NANJING, CHINA - SEPTEMBER 18, 2024 - A building of Shimao Group, which has been unfinished for more than two years, in Nanjing, Jiangsu Province, China, September 18, 2024. On September 18, 2024, China Real Estate Information Group (CRIC) released data, which showed that the revenue and profit scale of the typical 50 housing enterprises monitored by it fell in the first half of the year, of which the operating income was 1,457.2 billion yuan, down 13% year-on-year; Gross profit was 161.5 billion yuan, down 34% year on year; Net profit loss of 37.3 billion yuan, the loss of net profit attributable to the mother increased to 47.9 billion yuan. Among them, Shimao Group's net profit loss was the most serious, with a loss of 24.2 billion yuan in the first half.

Shimao Group Loss

Shimao Group Loss

NANJING, CHINA - SEPTEMBER 18, 2024 - A building of Shimao Group, which has been unfinished for more than two years, in Nanjing, Jiangsu Province, China, September 18, 2024. On September 18, 2024, China Real Estate Information Group (CRIC) released data, which showed that the revenue and profit scale of the typical 50 housing enterprises monitored by it fell in the first half of the year, of which the operating income was 1,457.2 billion yuan, down 13% year-on-year; Gross profit was 161.5 billion yuan, down 34% year on year; Net profit loss of 37.3 billion yuan, the loss of net profit attributable to the mother increased to 47.9 billion yuan. Among them, Shimao Group's net profit loss was the most serious, with a loss of 24.2 billion yuan in the first half.

Shimao Group Loss

Shimao Group Loss

NANJING, CHINA - SEPTEMBER 18, 2024 - A building of Shimao Group, which has been unfinished for more than two years, in Nanjing, Jiangsu Province, China, September 18, 2024. On September 18, 2024, China Real Estate Information Group (CRIC) released data, which showed that the revenue and profit scale of the typical 50 housing enterprises monitored by it fell in the first half of the year, of which the operating income was 1,457.2 billion yuan, down 13% year-on-year; Gross profit was 161.5 billion yuan, down 34% year on year; Net profit loss of 37.3 billion yuan, the loss of net profit attributable to the mother increased to 47.9 billion yuan. Among them, Shimao Group's net profit loss was the most serious, with a loss of 24.2 billion yuan in the first half.

Shimao Group Loss

Shimao Group Loss

NANJING, CHINA - SEPTEMBER 18, 2024 - A building of Shimao Group, which has been unfinished for more than two years, in Nanjing, Jiangsu Province, China, September 18, 2024. On September 18, 2024, China Real Estate Information Group (CRIC) released data, which showed that the revenue and profit scale of the typical 50 housing enterprises monitored by it fell in the first half of the year, of which the operating income was 1,457.2 billion yuan, down 13% year-on-year; Gross profit was 161.5 billion yuan, down 34% year on year; Net profit loss of 37.3 billion yuan, the loss of net profit attributable to the mother increased to 47.9 billion yuan. Among them, Shimao Group's net profit loss was the most serious, with a loss of 24.2 billion yuan in the first half.

Shimao Group Loss

Shimao Group Loss

NANJING, CHINA - SEPTEMBER 18, 2024 - A building of Shimao Group, which has been unfinished for more than two years, in Nanjing, Jiangsu Province, China, September 18, 2024. On September 18, 2024, China Real Estate Information Group (CRIC) released data, which showed that the revenue and profit scale of the typical 50 housing enterprises monitored by it fell in the first half of the year, of which the operating income was 1,457.2 billion yuan, down 13% year-on-year; Gross profit was 161.5 billion yuan, down 34% year on year; Net profit loss of 37.3 billion yuan, the loss of net profit attributable to the mother increased to 47.9 billion yuan. Among them, Shimao Group's net profit loss was the most serious, with a loss of 24.2 billion yuan in the first half.

Shimao Group Loss

Shimao Group Loss

NANJING, CHINA - SEPTEMBER 18, 2024 - A building of Shimao Group, which has been unfinished for more than two years, in Nanjing, Jiangsu Province, China, September 18, 2024. On September 18, 2024, China Real Estate Information Group (CRIC) released data, which showed that the revenue and profit scale of the typical 50 housing enterprises monitored by it fell in the first half of the year, of which the operating income was 1,457.2 billion yuan, down 13% year-on-year; Gross profit was 161.5 billion yuan, down 34% year on year; Net profit loss of 37.3 billion yuan, the loss of net profit attributable to the mother increased to 47.9 billion yuan. Among them, Shimao Group's net profit loss was the most serious, with a loss of 24.2 billion yuan in the first half.

Shimao Group Loss

Shimao Group Loss

NANJING, CHINA - SEPTEMBER 18, 2024 - A building of Shimao Group, which has been unfinished for more than two years, in Nanjing, Jiangsu Province, China, September 18, 2024. On September 18, 2024, China Real Estate Information Group (CRIC) released data, which showed that the revenue and profit scale of the typical 50 housing enterprises monitored by it fell in the first half of the year, of which the operating income was 1,457.2 billion yuan, down 13% year-on-year; Gross profit was 161.5 billion yuan, down 34% year on year; Net profit loss of 37.3 billion yuan, the loss of net profit attributable to the mother increased to 47.9 billion yuan. Among them, Shimao Group's net profit loss was the most serious, with a loss of 24.2 billion yuan in the first half.

Shimao Group Loss

Shimao Group Loss

NANJING, CHINA - SEPTEMBER 18, 2024 - A building of Shimao Group, which has been unfinished for more than two years, in Nanjing, Jiangsu Province, China, September 18, 2024. On September 18, 2024, China Real Estate Information Group (CRIC) released data, which showed that the revenue and profit scale of the typical 50 housing enterprises monitored by it fell in the first half of the year, of which the operating income was 1,457.2 billion yuan, down 13% year-on-year; Gross profit was 161.5 billion yuan, down 34% year on year; Net profit loss of 37.3 billion yuan, the loss of net profit attributable to the mother increased to 47.9 billion yuan. Among them, Shimao Group's net profit loss was the most serious, with a loss of 24.2 billion yuan in the first half.

Shimao Group Loss

Shimao Group Loss

NANJING, CHINA - SEPTEMBER 18, 2024 - A building of Shimao Group, which has been unfinished for more than two years, in Nanjing, Jiangsu Province, China, September 18, 2024. On September 18, 2024, China Real Estate Information Group (CRIC) released data, which showed that the revenue and profit scale of the typical 50 housing enterprises monitored by it fell in the first half of the year, of which the operating income was 1,457.2 billion yuan, down 13% year-on-year; Gross profit was 161.5 billion yuan, down 34% year on year; Net profit loss of 37.3 billion yuan, the loss of net profit attributable to the mother increased to 47.9 billion yuan. Among them, Shimao Group's net profit loss was the most serious, with a loss of 24.2 billion yuan in the first half.