Seazen(SH:601155) Mei Ri Jing Ji Xin Wen·2025-04-09 01:10Core Viewpoint - The company demonstrates resilience and growth potential through its dual-driven strategy of "real estate development + commercial operations," achieving significant financial results despite industry challenges [2][3][8]. Financial Performance - The company reported a total revenue of 890 billion yuan, with a net profit attributable to shareholders of 7.52 billion yuan, reflecting a year-on-year growth of 2.07%. The net profit excluding non-recurring items reached 8.70 billion yuan, up 183.07% [2][3]. - The total revenue from commercial operations was 128.08 billion yuan, marking a 13.10% increase and exceeding the annual target of 125 billion yuan [2]. - The company achieved a total asset value of 3,071.93 billion yuan and a net asset value of 608.69 billion yuan by the end of the reporting period [3]. Operational Highlights - The company completed a contract sales area of 5.3882 million square meters, with a total contract sales amount of 401.71 billion yuan, achieving a cash recovery rate of 102.38% [3]. - The company maintained a cash balance of 10.296 billion yuan and a net debt ratio of 52.44%, indicating a strong cash flow position [4]. Brand and Market Position - The company operates 200 Wuyue Plazas across 136 cities, with an occupancy rate of 97.97% and a total sales volume of 905 billion yuan, reflecting a 19% year-on-year growth [6]. - The company has been recognized in various industry rankings, securing the fourth position in "Top 10 Commercial Real Estate Comprehensive Strength" and the second position in "Top 10 Commercial Real Estate Operations" [6]. Strategic Initiatives - The company plans to open 16 new projects in 2025, with a total construction area of 1.6955 million square meters, and aims to complete 104 projects with a total area of 5.5505 million square meters [8][9]. - The company emphasizes a "Five-Dimensional Management Philosophy" focusing on quality space, customer satisfaction, professional craftsmanship, green intelligence, and mutual engagement to enhance its competitive edge in the commercial real estate sector [7][9].