MILLION CITIES (02892) announced its interim results, with a net profit attributable to equity shareholders of 5.2 million yuan, marking a year-on-year turnaround from loss to profit.

MILLION CITIES (02892) announced its 2026 interim results, reporting revenue of approximately 41.5 million yuan, a year-on-year increase of 0.2%; gross profit of 13.4 million yuan, a year-on-year decrease of 18.8%; and a profit attributable to equity shareholders of 5.2 million yuan, returning to profitability compared to the previous year; earnings per share stand at 0.7 cents. The announcement stated that the improvement in profitability was mainly due to the completion and acceptance of the fourth section of Phase II of the Henan Julongwan project and the recognition of revenue, as well as the group's share of losses from joint ventures turning into profits, along with a decrease in marketing and administrative expenses.