Xinming China (02699) announces its mid-year performance for 2024, with a net loss attributable to shareholders of 335 million yuan, an increase of 33.16% year-on-year.

XINMING CHINA (02699) announced its interim results for the six months ended June 30, 2024. The group achieved a profit of 78.696 million yuan (same unit), a decrease of 66.23% compared to the same period last year; the company's owners' share of the loss increased by 33.16% to 335 million yuan, with a loss per share of 0.178 yuan. The announcement stated that the significant increase in losses was mainly due to a decrease in property sales compared to the same period last year.