SPG(SZ:000029) Zheng Quan Shi Bao Wang·2025-10-26 12:49Core Insights - The company has shown significant improvement in performance, with net profit for the first three quarters increasing nearly 28 times year-on-year, and a nearly 71-fold increase in the third quarter [1] - The company achieved a revenue of 899 million yuan, representing a year-on-year increase of over 300%, with net profit attributable to shareholders reaching 145 million yuan, a year-on-year growth of 2791.57% [1] - The company is actively managing project marketing and has seen a 120% year-on-year increase in sales area for the Shantou Tianyue Bay project [2] Financial Performance - For the first three quarters, the company reported a net profit of 145 million yuan, a 2791.57% increase compared to the previous year, with a third-quarter net profit of 42.09 million yuan, up nearly 71 times [1] - The operating revenue for the first half of the year was 637 million yuan, reflecting a year-on-year growth of 374.85%, with a net profit of 103 million yuan, an increase of 1732.32% [1] - The net cash flow from operating activities increased by 33.16% year-on-year, primarily due to a reduction in engineering payments [1] Project and Asset Management - The company is focusing on project marketing, with orderly progress in the Shifang Guangmingli project and a significant increase in sales for the Shantou Tianyue Bay project [2] - The overall property rental rate stands at 90.15%, and the company is working on enhancing asset operations and optimizing rental income [2] - The company plans to complete its annual sales targets and improve property rental rates and recovery rates [2] Shareholder Actions - As of the end of the third quarter, the company saw an increase of nearly 1.9 million shares held by the Shanghai-Hong Kong Stock Connect, while a reduction of 25,400 shares was noted from the Southern CSI All Index Real Estate ETF [2] - The controlling shareholder, Shenzhen Investment Holdings Co., Ltd., plans to reduce its stake by up to 10.12 million shares, not exceeding 1% of the total share capital, between November 11, 2025, and February 10, 2026 [2]