Core Viewpoint - The company, Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd., has released its third-quarter report for 2025, highlighting significant growth in sales revenue and rental income in its real estate business, despite no new project reserves being added during the period [8][10]. Financial Performance - For the first nine months of 2025, the company reported a sales revenue of 1.129 billion yuan, representing a year-on-year increase of 24.81% [8]. - The total rental income for the same period was 861 million yuan, which is a 13.31% increase compared to the previous year [8]. - The company completed a construction area of 103,000 square meters during the first nine months, with new construction area also at 27,000 square meters [8]. Shareholder Information - The company has not added any new real estate project reserves as of the end of September 2025 [8]. - The total area of leased properties reached 1.8683 million square meters by the end of September 2025 [8]. Bond Issuance - The company has received approval from the China Securities Regulatory Commission to publicly issue bonds totaling up to 4 billion yuan to professional investors [10][11]. - The bond issuance is valid for 24 months from the date of approval, allowing the company to issue the bonds in multiple tranches [11]. Investor Communication - The company will participate in a collective performance briefing for the third-quarter results on November 13, 2025, to address investor inquiries and provide insights into its financial performance [13][15].
上海张江高科技园区开发股份有限公司 2025年第三季度报告