On October 27, Shenzhen Tagen Group Co., Ltd. (000090) released its Q3 2025 financial report. The company reported revenue of 9.96 billion yuan, up 7.8% year-on-year, while net profit attributable to shareholders dropped 93.9% to 20.13 million yuan. Non-GAAP net profit plunged 99.6% to 1.27 million yuan, with operating cash flow turning negative at -995 million yuan, down 2,236.6% year-on-year. Diluted EPS stood at 0.0108 yuan.
In Q3 alone, revenue grew 9.7% to 3.7 billion yuan, but the company posted a net loss of 21.29 million yuan attributable to shareholders, down 126.1% year-on-year. Non-GAAP net loss reached 20.9 million yuan, with EPS at -0.0114 yuan.
As of Q3-end, total assets stood at 63.347 billion yuan, down 0.9% from year-end 2024, while shareholders' equity declined 0.7% to 14.487 billion yuan.
The company, engaged in real estate development, construction, investment and related services, reported negative operating cash flow of 995 million yuan, indicating liquidity pressure. Non-recurring items included 89,200 yuan from disposal of non-current assets and 200,000 yuan in government subsidies. Investment properties grew significantly to 3.708 billion yuan, reflecting asset allocation adjustments.
Major shareholders include Shenzhen Special Zone Construction Engineering Group (23.47%) and Shenzhen Capital Operation Group (16.10%), highlighting their governance influence. The company remains focused on improving operational efficiency and financial management amid current challenges.
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