Shanghai Urban Development's revenue in 2025 plummeted by 70.5%, with annual losses expanding to HKD 962 million.

Rui Si Network News: On March 24, Shanghai Industrial Urban Development Group Co., Ltd. (stock code: 563) announced its annual performance for the year ending December 31, 2025. The report shows that the group’s revenue for the year was HKD 3.668 billion, a significant year-on-year decline of 70.5%; gross profit was HKD 732 million, a year-on-year decrease of 65.6%; the gross profit margin was 20.0%, an increase of 2.9 percentage points year-on-year. The group recorded a loss of HKD 1.089 billion for the year, an expansion of 189.3% year-on-year; the loss attributable to shareholders was HKD 962 million, an expansion of 190.4% year-on-year; the basic loss per share was HKD 0.2012.

The decline in performance was mainly due to reduced sales from multiple project deliveries compared to the same period last year, as well as lower gross profit margins from delivered residential projects. During the period, the group’s contracted sales amounted to RMB 1.832 billion, a year-on-year decrease of 53.4%; the contracted sales area was 109,000 square meters, a year-on-year decrease of 40.8%. The group’s land reserves are distributed across 10 key cities in mainland China, with unsold planned construction area of approximately 3.232 million square meters, which can meet development needs for the next 3 to 5 years.

In terms of finance, as of December 31, 2025, the group held bank balances and cash of HKD 4.572 billion, a year-on-year decrease of 14.4%; total loans were approximately HKD 19.358 billion, a year-on-year increase of 8.7%. The net debt to total equity ratio was 77.8%, an increase of 13 percentage points compared to the end of last year; the liquidity ratio was 1.3 times, remaining stable.