Shanghai Zhangjiang Hi-Tech Park Development (600895) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 6.41% YoY to RMB319.1m, while attributable net income fell 33.70% to RMB164.0m; YTD revenue increased 8.28% and attributable net income declined 19.97%.

• YTD total profit fell 30.47% to RMB551.3m, primarily as an investee’s fair-value losses reduced equity-method investment income.

Financial highlights

• Q3 profit before tax was RMB175.5m; adjusted for non-recurring items, attributable net income was RMB162.6m, down 34.16% YoY.

• YTD revenue was RMB2.170bn versus RMB2.004bn; attributable net income was RMB493.5m versus RMB616.6m.

• YTD operating costs increased to RMB2.314bn from RMB1.901bn; investment income declined to RMB435.5m from RMB696.0m, including an equity-method investment loss of RMB236.5m.

• YTD fair-value gains were RMB256.3m, compared with a loss of RMB8.8m in the prior-year period; credit impairment losses were RMB2.8m.

Key financial ratios and metrics

• Basic and diluted EPS were RMB0.10 in Q3, down 33.33% YoY; YTD EPS was RMB0.31, down 18.42%.

• Weighted-average ROE was 1.19% for Q3 and 3.50% YTD, down 0.57 and 0.89 percentage points, respectively.

• Total assets were RMB48.81bn at quarter-end, down 22.66% from year-end 2025; attributable equity rose 11.26% to RMB17.80bn.