GZPR(SH:600684) Xin Lang Cai Jing·2025-12-23 12:31Core Viewpoint - The company has achieved revenue growth and a significant increase in net profit due to the appreciation of its A-share stock holdings, indicating a positive market trend and effective asset management [1][2]. Group 1: Financial Performance - As of Q3 2025, the company reported operating revenue of 1.169 billion yuan, a year-on-year increase of 3.3% [1]. - The net profit attributable to shareholders reached 36.695 million yuan, reflecting a substantial year-on-year increase of 112%, primarily driven by the rise in stock prices of its A-share holdings [1]. - The company sold stocks worth 56.574 million yuan, which is expected to contribute approximately 9.6146 million yuan to the total profit for 2025 [2]. Group 2: Business Expansion - The company continues to expand its property management business, managing a total of 428 projects with a signed construction area of approximately 50.9853 million square meters as of Q3 2025 [1]. - In Q3 2025, the company added three new sports venue projects, increasing its managed area by approximately 51,600 square meters [1]. - The company plans to utilize idle funds of up to 550 million yuan for purchasing financial products, aiming to enhance income without affecting normal operations [2]. Group 3: Investment Outlook - The company is projected to achieve revenues of 1.811 billion yuan, 2.106 billion yuan, and 2.462 billion yuan for 2025-2027, with year-on-year growth rates of 16.24%, 16.27%, and 16.91% respectively [3]. - The net profit attributable to shareholders is forecasted to be 42 million yuan, 59 million yuan, and 82 million yuan for the same period, with significant growth rates of 167.61%, 41.97%, and 38.37% [3]. - The company is compared to peers in the real estate development sector, with a projected PE ratio of 101.16 for 2025, indicating a favorable valuation compared to its peers [3].