Shanghai Lujiazui Finance & Trade Zone Development (600663) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 8.10 billion, up 22.75% year-over-year; net profit attributable to shareholders was RMB 1.11 billion, up 35.91% year-over-year.

• Core business segments: urban development, financial services, and commercial/tourism services, with real estate sales and leasing as main revenue drivers.

• Strategic focus on high-quality development, asset optimization, and deepening integration of core business lines.

Financial highlights

• Operating income: RMB 8.10 billion (up 22.75% YoY); net profit attributable to shareholders: RMB 1.11 billion (up 35.91% YoY).

• Gross margin for real estate sales: 79%; long-term property leasing: 42%; property services: 9%; hotel business: 26%; financial business profit margin: 67%.

• Cash flow from operating activities: RMB 5.41 billion (up 14.20% YoY).

• Basic and diluted EPS: RMB 0.2201 (up 35.95% YoY).

Outlook and guidance

• H2 2026 will focus on asset management, capital activation, and asset optimization, aiming for high-quality growth and enhanced shareholder returns.

• Continued emphasis on asset revitalization, risk management, and integration of urban development, financial, and commercial/tourism services.