招商蛇口：2025年第一季度净利润4.45亿元，同比增长34.02%

Group 1 - The core point of the announcement is that China Merchants Shekou (招商蛇口) reported a revenue of 20.448 billion yuan in the first quarter of 2025, which represents a year-on-year decrease of 13.90% [1] - The net profit for the same period was 445 million yuan, showing a year-on-year increase of 34.02% [1]