On August 31, CHINA JINMAO fell 8.6% intraday, trading at HK$1.425 per share, with turnover of approximately HK$165 million. The decline was driven by disappointing interim results and a broad selloff across the real estate sector.

According to the company's interim results released on August 25, CHINA JINMAO reported first-half revenue of RMB 21.42 billion, down 14.71% year-over-year, while net profit attributable to shareholders came in at RMB 879 million, declining 19.35%. Overall gross margin fell 4 percentage points to 12.0%, primarily due to reduced property development settlement volume and lower recognized gross margins. The company declared an interim dividend of HK$0.03 per share, with an option for scrip dividends.

The broader Real Estate Development sector saw widespread declines on the same day. CHINA RES LAND fell 5.55%, HENDERSON LAND dropped 6.21%, and CHINA OVERSEAS declined 4.27%, amplifying selling pressure through sector linkage. Despite recent positive signals — including Morgan Stanley raising its target price to HK$1.91 while maintaining an Overweight rating, citing improving margin outlook and strong saleable resources in tier-one cities — the weak interim fundamentals and sector-wide downdraft overshadowed the constructive analyst stance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)