Seazen stock reports a 12.1 percent first-half profit decline

Published on 10/07/2026 at 03:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seazen stock stood at CNY 12.87 on October 6, 2026, while first-half net profit fell 12.1 percent to RMB 608 million. Gross margin reached 30.7 percent.

Seazen, CNE100002BF8, Illustration mit AI erstellt.

Seazen Holdings stock (ISIN CNE100002BF8) stood at CNY 12.87 on October 6, 2026, on the Shanghai Stock Exchange. The company's first-half results show a split picture: gross margin improved to 30.7 percent, while attributable net profit fell 12.1 percent year over year to RMB 608 million.

Margin improves as profit falls

According to the interim report published by Futunn on September 7, 2026, first-half revenue reached RMB 17.87 billion. Gross profit was RMB 5.42 billion, and the 30.7 percent gross margin was 6.3 percentage points higher than in the prior-year period.

The earnings mix favors Seazen's commercial operations, but the headline profit figure remains under pressure. Basic earnings per share were RMB 0.08 for the six months ended June 30, 2026, while the board did not recommend an interim dividend, according to Futunn.

Commercial income offsets property weakness

Commercial operations generated RMB 7.112 billion in revenue during the first half, an increase of 2.42 percent year over year, while retail sales reached RMB 52.0 billion and customer traffic rose 8.74 percent. Seazen also had 181 operating Wuyue Plazas at June 30, 2026, after opening three locations during the period, the interim report said.

The counterweight is residential development. First-half contracted sales were RMB 6.357 billion, and August data later showed January-to-August contracted sales of RMB 8.107 billion, down 40.24 percent year over year, according to Moomoo on September 11, 2026.

Analysts see upside despite sales decline

The consensus published by Investing.com was Buy from six analysts, with five Buy ratings and one Hold rating. The average 12-month price target was CNY 17.10, with a high of CNY 19.91 and a low of CNY 11.00; the average target lies 32.88 percent above the CNY 12.87 price.

A separate October 5, 2026 research report from Juyuan Research, published by Futunn, said commercial operations contributed 80 percent of gross profit and maintained a Buy rating. The report also identified debt repayment and weaker consumption in lower-tier cities as risks to the commercial strategy.

Seazen stock stays below yearly high

Seazen stock was last at CNY 12.87 in Shanghai trading on October 6, 2026. The 52-week range was CNY 10.00 to CNY 18.35, putting the quote below the yearly high while the earnings mix shifts toward recurring commercial income.