Shahe Stock 2025 Loss of 150 Million Yuan, Revenue Decline of 13.3%

MaticHoleFiller · 2026-03-25T13:40:28+00:00

Shahe Co., Ltd.'s 2025 annual report shows an operating revenue of 310 million yuan, a decrease of 13.3% year-over-year; net loss attributable to the parent company of 150 million yuan. Although the net operating cash flow increased by 153.5% year-over-year, the company faces challenges such as weak market demand and high inventory levels. The company is actively promoting project construction and seeking to improve operational efficiency.

MaticHoleFiller

2026-03-25 13:40:28

Abstract generation in progress

On March 17, Shahe Co., Ltd. (000014) announced its 2025 annual report. The company’s operating revenue was 310 million yuan, down 13.3% year-over-year; net profit attributable to shareholders was a loss of 150 million yuan, a decrease of 1014.2%; net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of 150 million yuan, down 992.1%; net operating cash flow was 75.77 million yuan, up 153.5%; EPS (fully diluted) was -0.6212 yuan.

In the fourth quarter, the company’s operating revenue was 289 million yuan, an increase of 782.4% year-over-year; net profit attributable to shareholders shifted from a loss of 30.43 million yuan in the same period last year to a loss of 118 million yuan, with the loss further widening; net profit after deducting non-recurring gains and losses also increased its loss from 30.43 million yuan to 118 million yuan; EPS was -0.4881 yuan.

As of the end of the fourth quarter, the company’s total assets were 2.034 billion yuan, a decrease of 7.2% from the end of the previous year; net assets attributable to shareholders were 1.473 billion yuan, down 9.3% from the previous year-end.

In the 2025 annual report, the company stated that its business operations remained steady, with key areas such as procurement, construction, and sales experiencing no significant changes. Although real estate policies have helped stabilize the market, the company’s focus on second- and third-tier cities like Changsha and Xinxiang faces challenges such as weak demand and high inventory.

Regarding response measures, the company actively promoted project construction to ensure key projects are completed on schedule and adopted diversified operational strategies to improve asset management efficiency. Notably, the report did not mention any new land reserves, and the accumulated land reserves are mainly concentrated in the Xingyang area of Zhengzhou. Overall, while facing market pressures, the company continues to develop and sell projects to stabilize its operational foundation.

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