Shanghai Lujiazui Finance & Trade Zone Development (600663) Q2 2025 earnings summary

Executive summary

• Achieved revenue of RMB 6.60 billion in H1 2025, up 33.91% year-over-year, with net profit attributable to shareholders of RMB 815 million, down 7.87% year-over-year.

• Real estate sales and leasing, financial services, and property management all contributed to revenue growth.

• Focused on transitioning from rapid development to high-quality operational services, optimizing business structure, and enhancing core competitiveness.

Financial highlights

• Operating income: RMB 6.60 billion, up 33.91% year-over-year.

• Net profit attributable to shareholders: RMB 815 million, down 7.87% year-over-year.

• Operating cash flow: RMB 4.73 billion, up 96.98% year-over-year.

• Basic EPS: RMB 0.1619, down 11.96% year-over-year.

• Gross margin: 65% for leasing, 57% for real estate sales, 71% for financial business.

Outlook and guidance

• Will continue to focus on core businesses: urban development, financial services, and commercial tourism.

• Plans to further enhance operational quality, digital transformation, and customer service.

• Intends to maintain stable dividend policy, with interim cash dividend not less than 30% of net profit.