Summary by Moomoo AI
Shimao's interim report for the six months ending June 30, 2024 showed a decrease in revenue by 18% to CNY 2,197.49 billion, but the profit attributable to shareholders increased significantly by 133% to CNY 101 billion. Excluding investment properties, the profit increased even further by 174% to CNY 109.96 billion. The total assets of the company increased by 3% to CNY 41,937.6 billion, while shareholder equity increased significantly by 40% to CNY 5,493.31 billion. Interim dividend per share increased by 100% to HKD 0.03, and earnings per share increased by 123% to CNY 7.26, excluding investment properties. Basic earnings per share excluding investment properties increased by 163% to CNY 7.93. In the report, Shimao mentioned that in the face of economic downward pressure, the company maintained stable operation, emphasizing risk control and coordinated development. Looking ahead, Shimao...Show More
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