Shanghai Lujiazui Finance & Trade Zone Development (600663) Q4 2025 earnings summary

Executive summary

• 2025 revenue reached RMB 18.17 billion, up 24% year-over-year, with net profit attributable to shareholders at RMB 1.23 billion, down 18.7% year-over-year.

• Operating cash flow surged to RMB 10.46 billion, mainly due to increased residential sales collections.

• The company maintained stable operations amid challenging market conditions, focusing on core business and exploring new growth areas.

Financial highlights

• Revenue: RMB 18.17 billion (+24% YoY); Net profit attributable to shareholders: RMB 1.23 billion (-18.7% YoY).

• Operating cash flow: RMB 10.46 billion (+694.8% YoY).

• Total assets: RMB 167.38 billion (+4.2% YoY); Net assets attributable to shareholders: RMB 25.12 billion (+2.0% YoY).

• Basic EPS: RMB 0.2434 (-20.5% YoY); ROE: 4.90% (-1.46pp YoY).

• Gross margin for property sales: 30%; property leasing: 58%; financial business profit margin: 63%.

Outlook and guidance

• 2026 focus: high-quality development, business transformation, asset management, and financial-business synergy.

• 2026 budget: expected cash inflow RMB 26.67 billion, outflow RMB 34.29 billion.

• Emphasis on product quality, team building, risk management, and digital transformation.