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China Xincheng Town (01278) announced interim results. Profit attributable to shareholders of 52.393 million yuan increased 7.63% year over year
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According to the Zhitong Finance App, China Xincheng (01278) announced interim results for the six months ended June 30, 2026. The group achieved operating revenue of 227 million yuan, an increase of 18.18% over the previous year; profit attributable to equity holders of the parent company was 52.393 million yuan, an increase of 7.63% year on year; profit per share was 0.0054 yuan. A proposed interim dividend of HK$0.0019 per share.

According to the announcement, in the first half of 2026, investment income from urbanization projects increased by 17% to 130 million yuan, mainly due to the increase in the scale of investment in urbanization projects compared to the same period last year, corresponding increase in project investment revenue. Project construction revenue was recorded at 32.668 million yuan, an increase of 29.658 million yuan over the same period last year, mainly due to the rapid progress of construction of the two eastern school projects of Shanghai Jinluodian Development Co., Ltd. (Shanghai Jinluodian), and the increase in carry-over project construction revenue. Investment property rental income of 356.14 million yuan and property management fee income of 11.918 million yuan was recorded, a decrease of 10% compared with the same period in 2025, mainly due to the decline in unit rents in 2026.

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