Waigaoqiao Reports 2025 Net Profit of 939 Million Yuan, Down 1.27% Year-on-Year

Stock News03-13 17:24

Shanghai Waigaoqiao Free Trade Zone Group Co.,Ltd. (600648.SH) has released its preliminary financial results for the full year 2025. The company reported operating revenue of 5.97 billion yuan, a decrease of 17.54% compared to the previous year. This decline was primarily due to the absence of new residential property projects meeting revenue recognition criteria in the current year. Revenue was solely generated from commercial property sales and a small number of completed residential unit deliveries, leading to a reduction in both property sales area and revenue, which in turn caused the overall operating revenue to decrease. The net profit attributable to shareholders of the listed company was 939 million yuan, reflecting a 1.27% decrease from the prior year. This result was mainly driven by a combination of factors, including substantial investment gains from the successful issuance of a holding-type real estate ABS project, which were offset by a decrease in the gross profit margin from property sales.

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