Jangho profit jumps, dividends paid, Middle East orders build
First-half contract wins slip on weak interior decoration New construction contracts signed in the first half fell 4.4% from a year earlier to about 13.1 billion yuan. Interior decoration and design work dropped 17.6%, a sign that domestic demand for the company's core fit-out business is soft and could weigh on future revenue.
It is the main demand-side negative and shows the order pipeline shrinking even as profits rose.
First-half profit up 34% with a cash dividend Revenue rose 15.9% to 10.8 billion yuan and net profit climbed 34.3% to 441 million yuan, with second-quarter profit up 88% from the first quarter. The company will pay 0.25 yuan per share in cash, about 283 million yuan, rewarding shareholders.
Strong earnings and a payout are the clearest positive forces on the stock's value.
Saudi transport hub curtain wall contract won A wholly owned subsidiary won a curtain wall contract for the Northwest Transportation Hub in Riyadh worth about 223 million yuan, roughly 1% of 2025 revenue. It shows the company can win work abroad as domestic decoration demand slows.
It is a concrete new overseas order that offsets weak domestic demand.
Dubai W Residences curtain wall contract won A subsidiary won the W Residences curtain wall project in Dubai for about 318 million yuan, roughly 1.5% of 2025 revenue. The company warned no formal contract is signed yet, so the deal and its revenue are not guaranteed.
It adds to the Middle East order book but carries an explicit execution risk.