Shanghai Lujiazui Finance & Trade Zone Development (600663) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 2.23 billion, down 47.20% year-over-year due to reduced real estate sales.

• Net profit attributable to shareholders was RMB 199 million, a 68.41% decrease year-over-year.

• Cash flow from operating activities increased 191.14% year-over-year to RMB 3.26 billion, driven by the financial segment.

• The company maintains a high occupancy rate in mature properties, with Shanghai office properties at 73% and commercial properties at 86%.

Financial highlights

• Operating income: RMB 2.23 billion, down 47.20% year-over-year.

• Net profit: RMB 199 million, down 68.41% year-over-year.

• Basic and diluted EPS: RMB 0.0396, down 68.37% year-over-year.

• Total assets at quarter-end: RMB 169.16 billion, up 1.06% from year-end 2025.

• Net cash from operating activities: RMB 3.26 billion, up 191.14% year-over-year.

Outlook and guidance

• Real estate sales remain under pressure, but rental property operations are stable with high occupancy and steady rental income.

• The company continues to monitor and manage risks related to land pollution in a subsidiary, with remediation completed and ongoing follow-up.