Shenzhen Overseas Chinese Town Co.,Ltd. (000069.SZ) has released its annual report for 2025. During the reporting period, the company achieved operating revenue of RMB 31.381 billion, representing a decrease of 42.32% year-on-year. The net loss attributable to shareholders of the listed company was RMB 14.496 billion, while the net loss attributable to shareholders after deducting non-recurring gains and losses was RMB 14.387 billion. The basic loss per share was RMB 1.84.
The primary reasons for the loss include the company's initiative to adapt to changes in the market environment in accordance with its annual operational strategy. It actively promoted the sales of existing business assets and improved cash flow through methods such as asset transfers, which resulted in losses from related transactions. Furthermore, the recognized revenue from projects and the gross profit margin both decreased compared to the previous year.
During the reporting period, the company diligently advanced cost reduction and efficiency enhancement measures, strengthening comprehensive budget process controls. Combined sales and management expenses decreased by 27% year-on-year. The company coordinated its fund inflows and outflows, continuously enhancing cash flow management. In 2025, net cash flow from operating activities reached RMB 12.501 billion, an increase of RMB 7.139 billion compared to 2024. This marks the third consecutive year of positive operating cash flow, demonstrating steady growth.
Adhering to a prudent financial strategy, the company reasonably controlled the scale of its interest-bearing debt while capitalizing on favorable financing conditions and policy advantages to broaden financing channels. It continued to optimize its debt structure. As of the end of 2025, the total interest-bearing debt stood at RMB 118.5 billion, with medium and long-term borrowings accounting for 69%. The average financing cost has shown a declining trend year after year.
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