上海张江高科技园区开发股份有限公司（以下简称"公司"）已于 2023 年 4 月 15 日发布公司 2022 年度报告，于 2023 年 4 月 29 日发布公司 2023 年第一季 度报告，为便于广大投资者更全面深入地了解公司 2022 年及 2023 年第一季度经 营成果、财务状况，公司计划于 2023 年 5 月 25 日下午 13:00-14:30 举行 2022 年度暨 2023 年第一季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 投资者可于 2023 年 5 月 18 日(星期四)至 5 月 24 日(星期三)16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 investors@600895.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 股票代码：600895 股票简称：张江高科 公告编号： 临 2023-016 上海张江高 ...

[Major Financial Data](index=1&type=section&id=Item%20I.%20Major%20Financial%20Data) This section presents the company's core financial data, non-recurring items, and analysis of key financial indicator changes [Key Accounting Data and Financial Indicators](index=1&type=section&id=Item%20I.%28I%29%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Q1 2023 total operating revenue decreased 78.87% to 248 million yuan due to no park development sales, while net profit attributable to shareholders surged 186.85% to 198 million yuan, primarily from fair value gains and increased investment income Q1 2023 Core Financial Indicators | Indicator | Current Period (yuan) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 247,847,857.13 | -78.87% | | Net Profit Attributable to Shareholders | 197,937,282.03 | 186.85% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | 196,012,943.66 | 185.51% | | Net Cash Flow from Operating Activities | -830,212,032.51 | -87.76% | | Basic Earnings Per Share (yuan/share) | 0.13 | 186.67% | | Weighted Average Return on Net Assets | 1.68% | Increased 3.80 percentage points | | **Period-End/Prior Year-End** | **Current Period-End (yuan)** | **Change from Prior Year-End (%)** | | Total Assets | 44,701,631,091.41 | 4.62% | | Total Equity Attributable to Shareholders | 11,860,320,558.84 | 1.28% | - The decrease in operating revenue was primarily due to the absence of park comprehensive development sales business in the current period, which amounted to **947 million yuan** in the prior year period[4](index=4&type=chunk) - Significant growth in operating profit and net profit was driven by two main factors: 1) a substantial increase in the fair value of financial assets held by the company; and 2) a narrower decline in the fair value of financial assets held by its joint ventures, leading to a significant increase in investment income recognized under the equity method[4](index=4&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=Item%20I.%28II%29%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Total non-recurring gains and losses for the period amounted to **1.9243 million yuan**, primarily from **2.817 million yuan** in government grants, net of other non-operating items and tax Q1 2023 Non-Recurring Gains and Losses Details | Item | Amount for Current Period (yuan) | | :--- | :--- | | Disposal gains/losses of non-current assets | 2,700.00 | | Government grants recognized in current profit/loss | 2,817,048.53 | | Other non-operating income and expenses | -254,742.46 | | Less: Income tax impact | 642,052.18 | | Less: Impact on minority interests (after tax) | -1,384.48 | | **Total** | **1,924,338.37** | [Analysis of Changes in Key Financial Indicators and Reasons](index=4&type=section&id=Item%20I.%28III%29%20Analysis%20of%20Changes%20in%20Key%20Accounting%20Data%20and%20Financial%20Indicators%20and%20Reasons) The reporting period saw significant changes in financial indicators, with revenue and costs declining due to business mix, investment and fair value gains increasing from market performance, and cash flows impacted by increased operational/investment outflows and substantial financing inflows Key Financial Indicator Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | -78.87% | Prior year period included park comprehensive development sales business, absent in current period | | Operating Cost | -77.26% | Moved in the same direction as operating revenue | | Investment Income | 120.10% | Narrower decline in fair value of financial assets held by joint ventures, leading to a significant increase in investment income recognized under the equity method | | Fair Value Change Gains/Losses | 480.07% | Fair value of financial assets held by the company increased in the current period | | Net Cash Flow from Operating Activities | -87.76% | Significantly increased payments for project construction and taxes compared to the prior year period | | Net Cash Flow from Financing Activities | 402.51% | Significantly increased net proceeds from borrowings and corporate bond issuance compared to the prior year period | [Shareholder Information](index=5&type=section&id=Item%20II.%20Shareholder%20Information) This section provides details on the company's total number of shareholders and the shareholding structure of its top ten shareholders [Shareholder Holdings](index=5&type=section&id=Item%20II.%28I%29%20Total%20Number%20of%20Common%20Shareholders%20and%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%20and%20Top%20Ten%20Shareholders%27%20Holdings) As of period-end, the company had **124,326** common shareholders; Shanghai Zhangjiang (Group) Co., Ltd. was the largest at **50.75%**, with Central Huijin and Hong Kong Securities Clearing Company also among the top ten - As of the end of the reporting period, the company had a total of **124,326** common shareholders[10](index=10&type=chunk) Top Ten Shareholder Holdings | Shareholder Name | Holding Percentage (%) | Number of Shares Held (shares) | | :--- | :--- | :--- | | Shanghai Zhangjiang (Group) Co., Ltd. | 50.75 | 786,036,600 | | Central Huijin Asset Management Co., Ltd. | 2.59 | 40,120,590 | | Hong Kong Securities Clearing Company Limited | 1.09 | 16,876,842 | | Feng Jidong | 0.58 | 8,922,567 | | Chen Wensi | 0.47 | 7,289,053 | [Quarterly Financial Statements](index=6&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) This section presents the company's unaudited consolidated and parent company financial statements for the quarter [Audit Opinion](index=6&type=section&id=Item%20IV.%28I%29%20Type%20of%20Audit%20Opinion) The company's Q1 2023 financial statements are unaudited - The financial statements for this quarter are unaudited[3](index=3&type=chunk)[12](index=12&type=chunk) [Financial Statements](index=6&type=section&id=Item%20IV.%28II%29%20Financial%20Statements) This section presents the company's unaudited consolidated and parent company financial statements for Q1 2023, including balance sheet, income statement, and cash flow statement [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2023, total assets were **44.702 billion yuan** (up **4.62%**), total liabilities **29.260 billion yuan** (up **6.65%** due to increased borrowings and bonds), and equity attributable to parent company owners **11.860 billion yuan** (up **1.28%**) Consolidated Balance Sheet Key Items | Item | March 31, 2023 (yuan) | December 31, 2022 (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 44,701,631,091.41 | 42,727,234,244.92 | 4.62% | | Total Liabilities | 29,259,879,389.02 | 27,436,719,220.68 | 6.65% | | Total Equity Attributable to Parent Company Owners | 11,860,320,558.84 | 11,710,892,689.59 | 1.28% | [Consolidated Income Statement](index=9&type=section&id=Consolidated%20Income%20Statement) In Q1 2023, total operating revenue was **248 million yuan** (down **78.87%**); however, investment income shifted from a **662 million yuan** loss to a **133 million yuan** gain, and fair value gains from a **33 million yuan** loss to a **124 million yuan** gain, resulting in an operating profit of **250 million yuan** and net profit attributable to parent company shareholders increasing **186.85%** to **198 million yuan** Consolidated Income Statement Key Items | Item | Q1 2023 (yuan) | Q1 2022 (yuan) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 247,847,857.13 | 1,172,994,249.48 | -78.87% | | Operating Profit | 249,757,017.00 | -307,521,208.98 | Turned Profitable | | Total Profit | 249,307,601.12 | -307,519,292.00 | Turned Profitable | | Net Profit Attributable to Parent Company Shareholders | 197,937,282.03 | -227,897,493.59 | 186.85% | [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) During the period, net cash flow from operating activities was **-830 million yuan** (outflows expanded YoY due to increased project payments/taxes); net cash outflow from investing activities was **1.076 billion yuan** (outflows expanded); net cash inflow from financing activities was **2.571 billion yuan** (up **402.51%** YoY from new borrowings/bonds); and period-end cash and cash equivalents were **4.114 billion yuan** Consolidated Cash Flow Statement Summary | Item | Q1 2023 (yuan) | Q1 2022 (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -830,212,032.51 | -442,163,139.87 | | Net Cash Flow from Investing Activities | -1,075,914,550.18 | -790,174,694.96 | | Net Cash Flow from Financing Activities | 2,570,757,101.61 | 511,586,738.45 | | Net Increase in Cash and Cash Equivalents | 648,686,808.84 | -723,151,374.46 | [Parent Company Financial Statements](index=13&type=section&id=Parent%20Company%20Financial%20Statements) Parent company Q1 2023 operating revenue was **80.1252 million yuan** (up **5.68%** YoY), but high financial expenses led to a net loss of **39.0061 million yuan**, consistent with prior year; total assets were **25.203 billion yuan**, and total liabilities **18.461 billion yuan** Parent Company Income Statement Core Data | Item | Q1 2023 (yuan) | Q1 2022 (yuan) | | :--- | :--- | :--- | | Operating Revenue | 80,125,220.40 | 75,815,522.77 | | Operating Profit | -55,703,843.56 | -56,120,984.31 | | Net Profit | -39,006,050.97 | -38,285,899.84 | Parent Company Balance Sheet Core Data | Item | March 31, 2023 (yuan) | December 31, 2022 (yuan) | | :--- | :--- | :--- | | Total Assets | 25,202,962,345.62 | 23,133,651,866.70 | | Total Liabilities | 18,461,218,569.59 | 16,352,902,039.70 |

Financial Performance - The company's operating revenue for 2022 was approximately CNY 1.91 billion, a decrease of 9.08% compared to CNY 2.10 billion in 2021[24]. - The net profit attributable to shareholders for 2022 was approximately CNY 822.22 million, an increase of 11.02% from CNY 740.62 million in 2021[24]. - The basic earnings per share for 2022 was CNY 0.53, reflecting a growth of 10.42% compared to CNY 0.48 in 2021[23]. - The weighted average return on equity increased to 7.27% in 2022, up by 0.44 percentage points from 6.83% in 2021[23]. - The total assets of the company at the end of 2022 were approximately CNY 42.73 billion, representing a 14.70% increase from CNY 37.25 billion at the end of 2021[24]. - The net cash flow from operating activities for 2022 was approximately -CNY 455.74 million, a decline of 6.49% from -CNY 427.95 million in 2021[24]. - The net assets attributable to shareholders increased to approximately CNY 11.71 billion at the end of 2022, a growth of 7.50% from CNY 10.89 billion at the end of 2021[24]. - The company reported a diluted earnings per share of CNY 0.53 for 2022, consistent with the basic earnings per share[23]. - Operating profit for the year was CNY 1,000.50 million, down 6.76% year-on-year, while net profit attributable to shareholders increased by 11.02% to CNY 822.22 million[43]. - Rental income decreased by 4.84% to CNY 832.27 million, primarily due to rent reductions for small and medium-sized clients in response to government initiatives[43]. Investment and Development - The company completed a registered capital of ¥7.118 billion and attracted foreign investment of $884 million, with 244 new domestic enterprises established[32]. - The company introduced approximately 63 key enterprises in the integrated circuit and artificial intelligence sectors during the year[32]. - As of December 2022, the company's cumulative industrial investment scale reached CNY 8.115 billion, with direct investment projects totaling 52 and an investment amount of CNY 2.07 billion[35]. - The company participated in 24 sub-funds with a subscribed capital of CNY 6.045 billion, leveraging a total funding scale of CNY 54.914 billion[35]. - The company is focusing on key technology areas for investment, including biomedicine, electronic information, artificial intelligence, and quantum technology, to strengthen and supplement the industrial chain[39]. - The company is actively developing a smart park solution, utilizing IoT, cloud computing, big data, and AI technologies to create a personalized one-stop service platform for clients[35]. Corporate Governance and Compliance - The company has established a comprehensive governance structure to ensure compliance with legal requirements and protect shareholder rights[99]. - The company has maintained independence from its controlling shareholders, ensuring no misuse of funds or assets occurred during the reporting period[103]. - The company has actively engaged in investor relations, enhancing transparency and trust with stakeholders[101]. - The supervisory board convened 3 meetings and passed 7 resolutions, ensuring compliance with legal operations and financial oversight[100]. - The company has implemented strict insider information management practices to ensure fair and legal information disclosure[101]. Social Responsibility and Environmental Initiatives - The company provided rental fee reductions totaling ¥170 million for small and micro enterprises, benefiting over 400 companies, which is about 60% of its client base[31]. - The company has committed 45 million RMB to poverty alleviation and rural revitalization projects, signing agreements with three villages in Yunnan Province[143]. - Zhangjiang Hi-Tech emphasizes environmental protection by integrating green and low-carbon principles in park construction and strictly controlling pollution during the construction phase[139]. - The company has established specialized positions for environmental management to provide consulting services and ensure compliance among resident enterprises[139]. Future Outlook and Strategic Initiatives - The company provided an optimistic outlook for the next quarter, projecting a revenue increase of 25%[109]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[109]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $300 million earmarked for potential deals[109]. - The company plans to construct 18 projects with a total area of 3 million square meters, including two new projects totaling approximately 230,000 square meters scheduled for 2023 completion[93]. - The company is focusing on innovation-driven development, particularly in new energy, new materials, and new technologies, to enhance its competitive edge[85]. Financial Management and Investments - The company has focused on fixed-income products for its investments, ensuring capital preservation and steady returns[162]. - Overall, the company has strategically diversified its investments across various banks and structured products to optimize returns while managing risk[162]. - The company has a total of 100 million in structured deposits with a floating annualized return of 3.150%[161]. - The company reported a total investment of 100,000,000.00 in structured deposits with a floating return of 3.182%, generating a revenue of 854,452.60[163]. Shareholder Information - The largest shareholder, Shanghai Zhangjiang (Group) Co., Ltd., holds 786,036,600 shares, representing 50.75% of total shares[172]. - Central Huijin Asset Management Co., Ltd. holds 40,120,590 shares, accounting for 2.59% of total shares[172]. - The top ten shareholders include various entities, with the largest being state-owned and foreign legal persons[172]. - The company has no significant changes in controlling shareholders during the reporting period[175].