China Merchants Shekou Q1 profit up 34%

China Merchants Shekou Industrial Zone Holdings (SZSE:001979) announced a 34.02% year-over-year increase in net profit attributable to shareholders for the first quarter of 2025, reaching CNY 445.44 million, compared to CNY 332.38 million in the same period last year. Revenue decreased by 13.90% to CNY 20.45 billion. Basic and diluted earnings per share both stood at CNY 0.04. The company attributed the profit increase to a higher equity stake in completed property projects during the reporting period. Total assets increased marginally by 0.74% to CNY 866.66 billion, while shareholders' equity decreased slightly by 1.84% to CNY 108.97 billion. Operating cash flow saw an increase, recording a net outflow of CNY -8.79 billion compared to CNY -10.61 billion.