SHUI ON LAND (00272) announced its interim results, with profit attributable to shareholders increasing to 223 million yuan, a year-on-year increase of 337%.

SHUI ON LAND (00272) announced that despite the challenging operating environment, the group was able to record a core profit of RMB 403 million in the first half of 2026, with shareholder profit increasing to RMB 223 million, representing respective increases of 53% and 337% compared to the same period last year, partly benefiting from prudent cost management and steady growth in rental income. In the first half of 2026, total rental and related income (including joint ventures and associates) increased by 4% year-on-year to RMB 1.856 billion, primarily due to the robust performance of the established Shanghai property portfolio and additional contributions from the "Newland Pharmaceutical Dongtaili" and Wuhan's "Chuang Newland Pharmaceutical Business Park," which opened in succession in 2025. Sales and foot traffic maintained strong growth, recording year-on-year increases of 20% and 17%, respectively. Including the repayment of the total principal amount of USD 400 million in senior notes in the first half of 2026, as of August 26, 2026, the group has repaid a total of RMB 51.5 billion in offshore debts since 2021. The group also successfully issued senior notes due in 2029 with a total principal amount of USD 450 million, demonstrating the groups solid reputation among investors. As of June 30, 2026, the net debt-to-equity ratio slightly increased to 56%. The group was featured in TIME magazines list of The Worlds Most Influential Companies for 2026, becoming the first and only real estate company in China to receive this honor, which affirms the global benchmark status of the groups Newland Pharmaceutical Community in urban development. At the project level, the Hong Shou Fang renewal and place-making initiative, which is oriented towards heritage, achieved great success and was awarded the "2026 Asia-Pacific Excellence Award" by the Urban Land Institute. To celebrate the 20th anniversary of the groups listing on the Main Board of the Hong Kong Stock Exchange, and considering the groups financial performance during the period, the Board of Directors has resolved to declare a special dividend of HKD 0.040 per share.