Shanghai New World Co Ltd

New World recently held its results briefing for the first half of 2026. The company achieved total operating revenue of 534 million yuan, up 1.12% year on year. Net profit attributable to the parent company was 47.3949 million yuan, up 4.23% year on year. Net profit excluding non-recurring items was 30.6859 million yuan, up 11.89% year on year. Net cash flow from operating activities was 78.7719 million yuan, up 648.44% year on year. In response to investor questions about why the company's share price has long been below net asset value per share, yet it has not launched a share buyback plan like other Shanghai-listed retail companies such as Yuyuan Inc. and Bailian Group, New World said share price movements are affected by multiple factors including the market environment and the macro economy. Matters such as share buybacks will be prudently assessed based on actual operating conditions and relevant policy requirements. If there are any relevant plans, the company will make timely announcements in strict accordance with information disclosure requirements. The company also disclosed that the Xu Zhongdao traditional Chinese medicine decoction pieces production base project began preparations for GMP compliance inspection in May 2026. By September, it had completed the submission of materials related to the drug production licence and GMP compliance inspection, and is currently waiting for the Shanghai Municipal Medical Products Administration to conduct review and on-site inspection. On the marketing side, New World City will launch a themed campaign called 'Fortune-filled Mid-Autumn, Golden Joy National Day' from 25 September to 7 October, combined with the Nanjing Road Pedestrian Street 'spend a certain amount and draw gold' activity, as well as debut economy, super brand day, IP pop-up, and premium wedding scene experiences. In addition, inbound consumption at New World City continues to heat up. The mall handles nearly 1,500 tax refund transactions every month. Huangpu District has partnered with Alipay+ to launch the 'Enjoy Shopping in Huangpu' inbound consumption vouchers. Tourists staying at Radisson hotels can also stack exclusive shopping subsidies at New World City.

New World released its 2026 interim report on August 22, 2026. Net profit attributable to the parent company was 47.3949 million yuan, an increase of 1.9254 million yuan from the same period last year, up 4.23% year on year. Total operating revenue was 534 million yuan, up 1.12% year on year. Net cash inflow from operating activities was 78.7719 million yuan, up 648.44% year on year. The company's latest asset-liability ratio was 25.20%, down 0.56 percentage points from the previous quarter. Gross margin was 43.33%, up 0.36 percentage points year on year, marking four consecutive years of growth. Return on equity was 1.11%, up 0.04 percentage points year on year. Diluted earnings per share were 0.07 yuan. Total asset turnover was 0.09 times, and inventory turnover was 1.65 times. The company had 36,700 shareholders. The top ten shareholders held 337 million shares, accounting for 52.15% of total share capital.

New World released its 2026 half-year report. First-half net profit attributable to the parent was 47.39 million yuan, up 4.2% year on year. Operating revenue was 534 million yuan, up 1.1% year on year. Net profit attributable to the parent after deducting non-recurring items was 30.69 million yuan, up 11.9% year on year. Net operating cash flow was 78.77 million yuan, up 648.4% year on year. Second-quarter net profit attributable to the parent was 24.98 million yuan, down 12.0% year on year. The company's department store retail segment has cumulatively adjusted more than 3,869 square meters of operating area. The pharmaceutical segment's Xuzhongdao Chinese herbal medicine production base construction project has started and is planned to officially begin production in the fourth quarter of 2026.