Property group forecasts significant profit growth for first half

Shenzhen Special Economic Zone Real Estate & Properties Group has released its semi-annual performance forecast, projecting a significant rise in net profit for the period of January 1, 2025, to June 30, 2025. The company expects net profit attributable to shareholders of the listed company to range between CNY 85 million and CNY 120 million, representing a year-over-year increase of 1411.70% to 2034.17% compared to CNY 5.6228 million in the same period last year. Net profit after deducting non-recurring items is expected to be between CNY 78 million and CNY 110 million, a substantial increase compared to a loss of CNY 5.1971 million in the prior year. Basic earnings per share are projected at CNY 0.0815 to CNY 0.1150, up from CNY 0.0056. The company attributes the improved performance to an increase in revenue from real estate project delivery. The company has cautioned investors that the provided financial data is preliminary and the actual figures will be disclosed in the 2025 semi-annual report.