Shanghai Jinmao Investment Management Group Co., Ltd. (“Shanghai Jinmao”), the wholly-owned subsidiary of China Jinmao Holdings Group Limited, released unaudited results for the three months to 31 March 2026 prepared under PRC GAAP in line with its debt-financing disclosure obligations.
Revenue and Profitability • Operating revenue fell 35.4% year on year to RMB 6.46 billion, while operating costs declined 40.5% to RMB 5.16 billion. • The cost contraction lifted gross profit margin to 20%, up seven percentage points from the prior-year period. • Operating profit dropped 65.8% to RMB 133.00 million, and net profit slid 67.9% to RMB 60.00 million. • Result attributable to owners swung from a RMB 228.00 million profit to a RMB 249.00 million loss, reflecting weaker operating leverage and post-acquisition consolidation effects.
Balance-Sheet Highlights (as at 31 March 2026) • Total assets rose 2.48% year on year to RMB 393.53 billion. • Total liabilities increased 5.06% to RMB 288.45 billion, outpacing asset growth and trimming owners’ equity 3.96% to RMB 105.08 billion. • Cash and cash equivalents strengthened 45.4% to RMB 31.44 billion, enhancing short-term liquidity.
Restatement Note The comparative figures for Q1 2025 have been retrospectively adjusted to reflect the second-half-2025 acquisition of Xi’an Tingmao Enterprise Management Company Limited and two related entities, in accordance with China Accounting Standards (No. 20 – Business Combinations).
The disclosed data remain unaudited and are intended for reference by holders of Shanghai Jinmao’s outstanding debt financing instruments.
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