On August 25, CHINA JINMAO (00817) unveiled its interim results for 2026, showcasing a strengthened financial position driven by aggressive debt reduction and optimized borrowing structures.

During the first half of the year, the company cut its interest-bearing liabilities by RMB 6.2 billion compared to the end of 2025. The proportion of debt maturing within one year stood at 20.8%, while foreign currency debt dropped from 20% to 18% of total borrowings. Notably, low-cost development loans and operating loans increased their share to 56.2%, further refining the debt maturity and cost profile.

The average interest rate on CHINA JINMAO's total onshore and offshore interest-bearing debt fell to 2.89% during the reporting period, a decrease of 29 basis points from the end of 2025. For new financing raised in the first half, the average cost was even lower, at just 2.87%.

Management highlighted that the company retains access to approximately RMB 70 billion in undrawn bank credit lines, in addition to over RMB 6 billion in committed overseas club loan facilities. This combination of reduced debt scale, lower financing costs, and unimpeded funding channels provides CHINA JINMAO with substantial liquidity support to maintain operational stability and continue acquiring high-quality projects in core cities.