Shanghai Real Estate Development: Net profit loss of 618 million yuan in 2025

Shangshi Development Announcement: In 2025, operating revenue was 3.388 billion yuan, up 35.87% year over year. Net profit attributable to shareholders of the listed company was -618 million yuan; in the same period last year, it was -291 million yuan. The company did not achieve profitability in 2025, and it plans not to distribute profits for 2025.

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