China Merchants Shekou Industrial Zone (001979) H2 2025 earnings summary

Executive summary

• Revenue for 2025 was ¥154.73 billion, down 13.53% year-over-year; net profit attributable to shareholders was ¥1.02 billion, down 74.65%.

• Cash flow from operations was ¥9.69 billion, a 69.67% decrease year-over-year.

• The company maintained a strong position in core cities, ranking fourth in national sales, and continued to optimize its business structure and cash flow management.

• Dividend proposal: cash dividend of ¥0.5110 per 10 shares, based on 9,016,032,171 shares.

Financial highlights

• Revenue: ¥154.73 billion, down 13.53% year-over-year.

• Net profit attributable to shareholders: ¥1.02 billion, down 74.65% year-over-year.

• Operating cash flow: ¥9.69 billion, down 69.67% year-over-year.

• Basic and diluted EPS: ¥0.08, down 78.38% year-over-year.

• Gross margin for development business: 15.33%.

• Total assets: ¥835.41 billion, down 2.89% from previous year-end.

• Net assets attributable to shareholders: ¥97.65 billion, down 12.03%.

Outlook and guidance

• 2026 market expected to stabilize with policy support, but industry remains in adjustment.

• Company to focus on cash flow management, investment discipline, and business transformation.

• Risks include macroeconomic uncertainty, real estate market volatility, and asset operation challenges.