Shenzhen Industry A releases 2025 performance report, revenue down 56.83%, significant narrowing of losses

Ask AI · The business is highly dependent on real estate sales—how should it respond to market volatility?

Bjlue Whale News April 3—On April 2, Shenzhen Zhenye A released its 2025 performance report. The data show that in 2025, the company achieved operating revenue of 2.62B yuan, down 56.83% year over year; net profit attributable to shareholders was -42M yuan, up 97.31% year over year; and non-recurring profit and loss net profit was -53M yuan, up 96.60% year over year.

From the business structure, real estate sales revenue reached 2.4B yuan, rising to 91.60% of total revenue, further concentrating compared with the prior year; real estate leasing revenue was 131 million yuan, accounting for 5.01%, becoming the second-largest source of income; together, the two contributed 96.61% of revenue, while other business revenues continued to shrink.

The regional layout accelerated its contraction toward core city clusters. Revenue from Guangdong was 1.68B yuan, accounting for 64.29%, up noticeably from the previous year; Jiangsu, Tianjin, and Shaanxi combined contributed 706 million yuan, accounting for 30.78%; and Hunan and Guangxi saw their revenue shares fall to 3.72% and 1.21%, respectively.

The expense side shows a clear contraction trend. Sales expenses were 94.2551 million yuan, down 49.87% year over year. The decline is smaller than the drop in revenue, but far larger than the narrowing of losses in profit. In the same period, financial expenses were 141 million yuan, down slightly by 0.31% year over year. Net cash flow from operating activities was 189 million yuan, down 83.04% year over year. The asset-liability ratio was 62.54%, and the current ratio was 1.81. Short-term debt was 2.5B yuan, and long-term debt was 2.39B yuan.

R&D spending amounted to 1.12M yuan, up 100% year over year. The number of R&D personnel increased from zero to 9. This is because the company established a dedicated R&D team for the first time, but the investment scale is extremely low—only accounting for 0.04% of revenue—so it has not yet formed a technology-driven investment structure.