Shanghai Zhangjiang Hi-Tech Park Development (600895) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 838 million, down 31.28% year-over-year due to lower space carrier sales.

• Net profit attributable to shareholders was RMB 83.51 million, a 71.64% decrease year-over-year.

• Cash flow from operating activities improved but remained negative at RMB -690.99 million.

Financial highlights

• Operating income: RMB 838 million, down from RMB 1.22 billion year-over-year.

• Net profit: RMB 83.51 million, down from RMB 294.46 million year-over-year.

• Basic and diluted EPS: RMB 0.05, down 72.22% year-over-year.

• Total assets at quarter-end: RMB 63.21 billion, up 0.16% from year-end 2025.

• Net cash from investing activities: RMB 332.92 million; net cash from financing: RMB 171.35 million.

Outlook and guidance

• Revenue and profit declines attributed to reduced space carrier sales and lower investment returns.

• No explicit forward-looking guidance provided, but management notes ongoing challenges in sales and investment returns.