Sunner Development 2026 H1 Revenue RMB 10.781 Billion, Net Profit Down 44.8% but Up 38% Excluding One-off

Sunner Development disclosed its interim report on August 20, 2026. In the first half of 2026, the company achieved operating revenue of RMB 10.781 billion, up 21.73% year on year. Net profit attributable to shareholders of the listed company was RMB 502 million, down 44.8% year on year. Basic earnings per share were RMB 0.4084.

The year-on-year decline in attributable net profit during the reporting period was mainly due to the fact that in the same period of 2025, the company completed the acquisition of a 54% equity stake in Sun Valley and obtained control, and re-measured the originally held 46% equity at fair value on the acquisition date, recognizing an investment gain of RMB 546 million, which raised the comparison base. Excluding the impact of this one-off investment gain, the company's attributable net profit increased by approximately 38% on a comparable basis compared with the same period of 2025.