---
title: "Shimao Posts RMB4.5 Billion in Preliminary First-Quarter Contracted Sales"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281863260.md"
description: "Shimao Group Holdings reported preliminary contracted sales of approximately RMB4.523 billion for Q1 2026, with a sold area of 373,425 square meters and an average price of RMB12,112 per square meter. In March, sales reached RMB1.712 billion on 142,921 square meters. The company cautioned that these figures are based on internal data and may differ from future audited statements. Analysts currently rate the stock as a Sell with a price target of HK$0.20, reflecting concerns over the company's performance amid China's real estate volatility."
datetime: "2026-04-07T10:10:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281863260.md)
  - [en](https://longbridge.com/en/news/281863260.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281863260.md)
---

# Shimao Posts RMB4.5 Billion in Preliminary First-Quarter Contracted Sales

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Shimao Property Holdings ( (HK:0813) ) has provided an update.

Shimao Group Holdings reported unaudited contracted sales of about RMB4.523 billion for the first quarter of 2026, with a contracted sold area of 373,425 square meters and an average selling price of RMB12,112 per square meter. In March alone, contracted sales reached roughly RMB1.712 billion on 142,921 square meters of sold area, at an average price of RMB11,978 per square meter.

The company emphasized that the figures are based on preliminary internal data and may differ from those in forthcoming audited or interim financial statements, urging investors not to place undue reliance on the numbers. The disclosure gives the market an early read on Shimao’s sales momentum in 2026, a key indicator of cash flow and balance-sheet health for the heavily scrutinized mainland developer.

The most recent analyst rating on (HK:0813) stock is a Sell with a HK$0.20 price target. To see the full list of analyst forecasts on Shimao Property Holdings stock, see the HK:0813 Stock Forecast page.

**More about Shimao Property Holdings**

Shimao Group Holdings is a Hong Kong–listed property developer incorporated in the Cayman Islands, focused on residential and mixed-use real estate projects in mainland China. The group generates revenue primarily through contracted sales of development projects, with performance closely watched by investors amid ongoing volatility in China’s real-estate sector.

**Average Trading Volume:** 45,007,661

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** HK$1.59B

For an in-depth examination of 0813 stock, go to TipRanks’ Overview page.

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