CHINANEWTOWN (01278) announced its interim results, with shareholders' profit attributable to them reaching 52.393 million yuan, an increase of 7.63% compared to the same period last year.

CHINANEWTOWN (01278) announced its interim results for the six months ending June 30, 2026. The group achieved operating revenue of 227 million yuan, a year-on-year increase of 18.18%; net profit attributable to equity holders of the parent company was 52.393 million yuan, a year-on-year increase of 7.63%; earnings per share were 0.0054 yuan. A proposed interim dividend of 0.0019 Hong Kong dollars per share has been declared. The announcement stated that in the first half of 2026, revenue from urbanization project investments increased by 17% to 130 million yuan, primarily due to a larger scale of urbanization project investments compared to the same period last year, resulting in increased recognition of investment income. Revenue from construction projects was recorded at 32.668 million yuan, an increase of 29.658 million yuan year-on-year, mainly due to the faster construction progress of two school projects by Shanghai Jinluodian Development Co., Ltd. (Shanghai Jinluodian), leading to an increase in recognized construction income. Rental income from investment properties was recorded at 35.614 million yuan, and property management fee income was 11.918 million yuan, representing a decrease of 10% compared to the same period in 2025, primarily due to a decline in unit rental prices in 2026.