Shanghai Lujiazui Finance & Trade Zone Development (600663) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 4.22 billion, up 40.69% year-over-year, driven by property sales and investment income.

• Net profit attributable to shareholders was RMB 630.64 million, a 1.60% increase year-over-year.

• Operating cash flow surged 87.27% year-over-year to RMB 1.12 billion, reflecting strong cash generation.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; operating profit reached RMB 1.29 billion.

• Basic and diluted EPS were RMB 0.1252, slightly down from RMB 0.1290 in Q1 2024.

• Total assets at quarter-end were RMB 164.69 billion, up 2.50% from year-end 2024.

• Shareholders’ equity increased to RMB 25.19 billion, up 2.34% from year-end.

Outlook and guidance

• Continued focus on property leasing and sales, with high occupancy rates in core office and commercial properties.

• Ongoing risk management regarding environmental remediation at subsidiary land parcels.