Shanghai Zhangjiang Hi-Tech Park Development (600895) Q2 2025 earnings summary

Executive summary

• Achieved revenue of RMB 1.70 billion in H1 2025, up 39.05% year-over-year; net profit attributable to shareholders reached RMB 369 million, up 38.64% year-over-year.

• Core business includes industrial park development, investment, and innovation ecosystem services, with strong focus on integrated circuits, biomedicine, and AI.

• Significant progress in investment returns, with investment income (including fair value changes) up 336.75% year-over-year to RMB 326 million.

• Cash dividend of RMB 0.72 per 10 shares, totaling RMB 111.5 million, representing 30.2% of H1 net profit.

Financial highlights

• Operating income: RMB 1,703,853,688.95 (+39.05% YoY).

• Net profit attributable to shareholders: RMB 369,146,151.75 (+38.64% YoY).

• Operating cash flow: -RMB 934,623,685.30 (improved by 51.96% YoY).

• Basic and diluted EPS: RMB 0.23 (+35.29% YoY).

• Gross margin: 36.97% (calculated from revenue and cost figures).

• Total assets: RMB 59.75 billion (+0.58% from year-end 2024).

Outlook and guidance

• Expects industrial park rental and sales market to recover in H2 2025 as macroeconomic and policy conditions stabilize.

• Will continue to focus on integrated circuit ecosystem, expand investment funds, and enhance innovation services.