Waigaoqiao: Net profit of 939 million yuan in 2025, down 1.27% year-on-year

Waigaoqiao releases earnings report, with total operating revenue of 5.97 billion yuan in 2025, a year-on-year decrease of 17.54%. Net profit is 939 million yuan, down 1.27% year-on-year. In 2025, the company achieved total operating revenue of 5.97 billion yuan, a decrease of 17.54% compared to the previous year, mainly because no new residential projects met revenue recognition criteria this year, only commercial shops and sporadic delivered residential income, resulting in a decrease in property sales area and revenue, thus causing a corresponding decline in total operating revenue. The net profit attributable to shareholders of the listed company this year is 939 million yuan, a decrease of 1.27% compared to the previous year, mainly due to the large equity transfer investment income generated from successfully issuing held-type real estate ABS projects this year, as well as a decrease in gross profit from property sales, among other factors.