Shanghai Lujiazui Finance & Trade Zone Development (600663) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 surged 174.45% year-over-year, driven by the delivery of key residential projects such as Chuansha Jinxiu Yunlan and Shiji Zhen Di.

• Net profit attributable to shareholders rose 45.17% year-over-year in Q3, with financial business profits increasing significantly.

• Cash flow from operating activities for the first nine months increased 61.50% year-over-year, reflecting strong sales collections from residential projects.

Financial highlights

• Q3 revenue: RMB 5.44 billion, up 174.45% year-over-year; YTD revenue: RMB 12.04 billion, up 74.23%.

• Q3 net profit attributable to shareholders: RMB 246 million, up 45.17% year-over-year; YTD: RMB 1.06 billion, up 0.66%.

• Basic EPS for Q3: RMB 0.0489, up 45.10% year-over-year; YTD: RMB 0.2108, down 2.32%.

• Total assets at period end: RMB 167.38 billion, up 4.17% from year-end 2024.

• Net cash from operating activities YTD: RMB 7.61 billion, up 61.50% year-over-year.

Outlook and guidance

• High sales conversion rates for new residential projects, with several projects achieving over 90% sell-through.

• Continued focus on property leasing and development, with stable occupancy and rental rates in core office and commercial properties.