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Express News | Real estate stocks collectively surged with Tianjin Tianbao Infrastructure and several other stocks hitting the upper limit.
Shanghai Chengtou Holding (600649): Settlement scale significantly improved, achieved profit in Q1.
The company released its first quarterly report on April 29, showing total operating revenue in Q1 2025 at 2.34 billion yuan, a year-on-year increase of +455.6%; the net income attributable to the parent company was 0.024 billion yuan, turning from a loss to profit year-on-year, with an EPS of 0.01 yuan. The company concluded.
City Investment Holdings: Report of Shanghai City Investment Holdings Co., Ltd. for the first quarter of 2025
Shanghai City Investment Holdings Co., Ltd. Report for the first quarter of 2025
Express News | Shanghai Chengtou Holding: Net income for the first quarter of 2025 was 23.5888 million yuan, a year-on-year turnaround from loss.
The A-share Real Estate Sector declined, Shanghai Chengtou Holding fell over 4%.
On April 25, Glonghui reported that the Real Estate sector in the A-share market declined, with Shanghai Chengtou Holding dropping over 4%, Hangzhou Binjiang Real Estate Group and Gemdale Corporation falling over 3%, China Merchants Shekou Industrial Zone Holdings, Cinda Real Estate, China Merchants Property Operation & Service, and Shahe Industrial dropping over 2%, while Seazen Holdings and China Enterprise decreased by more than 1%.