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Shimao Property Company profile

About Shimao Group Holdings Ltd

Shimao Group Holdings Ltd, formerly Shimao Property Holdings Ltd, is an investment holding company principally engaged in the sale of properties. The Company operates its business through four segments. The Sales of Properties segment is mainly engaged in the development of residential real estate. The Property Management Income and Others is mainly engaged in property management. The Hotel Operation Income segment is mainly engaged in hotel operations. The Commercial Properties Operation Income segment is mainly engaged in the development, investment and operation of commercial, office and industrial park property projects.

Financial summary

BRIEF: For the six months ended 30 June 2021, Shimao Group Holdings Ltd revenues increased 14% to RMB73.4B. Net income increased 19% to RMB6.28B. Revenues reflect Property Development and Investment segment increase of 8% to RMB69.56B, Hotel Operation segment increase from RMB394.5M to RMB4.23B. Net income benefited from Hotel Operation segment income totaling RMB732.9M vs. loss of RMB115.5M. Dividend per share increased from RMB0.55 to RMB0.58.