Shanghai Lujiazui Finance & Trade Zone Development (600663) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was RMB 1.98 billion, up 1.39% year-over-year; YTD revenue reached RMB 6.91 billion, up 14.5% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 169.57 million, down 24.51% year-over-year; YTD net profit was RMB 1.05 billion, down 3.76% year-over-year.

• Cash flow from operating activities for the first nine months was RMB 4.71 billion, down 38.93% year-over-year.

Financial highlights

• Basic and diluted EPS for Q3 were RMB 0.0337, down 27.84% year-over-year; YTD EPS was RMB 0.2158, down 5.23% year-over-year.

• Total assets at Q3-end were RMB 158.59 billion, down 2.24% from year-end 2023.

• Shareholders’ equity attributable to listed company shareholders was RMB 24.56 billion, up 8.62% from year-end 2023.

Outlook and guidance

• The controlling shareholder and its subsidiary continued to increase their holdings, with a plan to invest at least RMB 1 billion and up to RMB 2 billion in company shares over 12 months.