Shang Hai Zheng Quan Bao·2025-08-29 05:18Core Viewpoint - The company reported a significant decline in its main business revenue for the second quarter of 2025, with a total revenue of approximately 448.25 million yuan, representing a year-on-year decrease of 17.46% [15]. Group 1: Company Overview - The company is Shanghai Jinqiao Export Processing Zone Development Co., Ltd., with stock codes 600639 and 900911, and is referred to as Pudong Jinqiao and Jinqiao B shares [4][13]. - The board of directors and senior management guarantee the authenticity, accuracy, and completeness of the semi-annual report [1][14]. Group 2: Financial Data - The company reported a total main business income of 448,249,406.05 yuan for the second quarter of 2025, with a breakdown showing sales income of 504,587.16 yuan (down 97.81%), rental income of 410,156,709.71 yuan (down 10.70%), hotel apartment income of 35,735,824.60 yuan (down 28.79%), and property management service income of 1,852,284.58 yuan (down 82.38%) [15]. - The decrease in sales income is attributed to differences in project turnover compared to the previous year, particularly the absence of significant project sales in the current period [15]. Group 3: Project Development - The company has no new land reserves or real estate projects started or completed during the second quarter of 2025 [14]. - The company’s subsidiary, Shanghai Yunzhu Real Estate Co., Ltd., has a project in Shanghai with a total of 449 units scheduled for pre-sale in November 2023 and an additional 394 units in May 2025, achieving a total collection of 4.281 billion yuan [16]. - Another project by the company’s subsidiary, with an 80% equity stake, has a pre-sale rate of 86.86% and has collected 2.519 billion yuan as of June 2025 [16].