Shanghai Zhangjiang Hi-Tech Park Development (600895) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was RMB 1,976.37 million, down 2.44% year-over-year.

• Operating profit decreased 9.94% year-over-year to RMB 1,213.56 million.

• Net profit attributable to shareholders rose 2.44% year-over-year to RMB 971.03 million.

• Net profit excluding non-recurring items fell 4.13% year-over-year.

Financial highlights

• Basic EPS increased 3.28% year-over-year to RMB 0.63.

• Weighted average ROE was 7.47%, down 0.38 percentage points year-over-year.

• Total assets at year-end were RMB 59,296.91 million, up 16.26% from the start of the year.

• Shareholders' equity increased 18.50% year-over-year to RMB 14,743.97 million.

Key financial ratios and metrics

• Operating margin and profit margins declined compared to the previous year.

• Return on equity decreased slightly year-over-year.