Shimao Group Holdings Limited Releases Unaudited Operating Statistics for First Five Months of 2026
Key Highlights
- Aggregated Contracted Sales: Approximately RMB6.951 billion for the five months ended 31 May 2026
- Aggregated Contracted Sold Area: 566,543 sq.m. for the five months period
- Average Selling Price (ASP): RMB12,269 per sq.m. for the five months period
- May 2026 Sales Performance: Contracted sales of approximately RMB1.220 billion, contracted sold area of 96,846 sq.m., and an ASP of RMB12,597 per sq.m.
Detailed Overview
Shimao Group Holdings Limited (“Shimao Group” or the “Company”; stock code: 813) announced its unaudited operating statistics for the five months ended 31 May 2026. The Company’s performance in this period reflects the ongoing challenges and opportunities within the Chinese property market.
The Group achieved an aggregated contracted sales value of approximately RMB6.951 billion, with a total contracted sold area reaching 566,543 square meters. The average selling price (ASP) during this period was RMB12,269 per square meter, indicating a stable pricing environment despite ongoing market adjustments.
In the month of May 2026, the Group recorded contracted sales of around RMB1.220 billion and a contracted sold area of 96,846 square meters. The ASP for May stood at RMB12,597 per square meter, reflecting a slight increase compared to the five-month average, which may indicate a focus on higher-value projects or a shift in product mix.
Important Information for Shareholders
- Unaudited Data: The sales data disclosed is unaudited and based on preliminary internal information. Actual figures may vary from those to be published in the Company’s audited or unaudited consolidated financial statements due to potential uncertainties during the collation process.
- Potential Share Price Sensitivity: The level of contracted sales and ASP are critical indicators of the Group’s operational performance and cash flow health, which are key metrics watched by investors and analysts. The modest month-on-month ASP increase could be viewed positively, but the overall contracted sales volume remains a focal point amid industry headwinds.
- Risk Warning: The Company advises investors to exercise caution and avoid placing undue reliance on this preliminary information when dealing in its securities. Any significant deviation in the final audited results compared to these numbers could impact share price sentiment.
Board Composition
As of the announcement date, the Board comprises:
- Two Executive Directors: Mr. Hui Sai Tan, Jason (Chairman and President), and Mr. Zhao Jun
- Two Non-executive Directors: Ms. Hui Mei Mei, Carol, and Mr. Shao Liang
- Three Independent Non-executive Directors: Mr. Lyu Hong Bing, Mr. Lam Ching Kam, and Mr. Fung Tze Wa
Potential Share Price Impact
The announcement provides a snapshot of Shimao Group’s operational performance for the first five months of 2026. While the sales figures indicate ongoing activity in an uncertain market, the unaudited nature of the data and the Company’s explicit caution to investors highlight the need for vigilance. Investors should closely monitor forthcoming audited results and industry developments, as any significant discrepancies or changes could materially affect the Company’s share value.
Disclaimer: The information presented above is based on unaudited operating statistics and forward-looking statements that may be subject to change. Investors are strongly advised to exercise caution, consider the risks involved, and seek independent professional advice if in doubt. The Company and its directors accept no liability for any loss arising from reliance on this information.
