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CICC Upgrades Shanghai Lujiazui Finance & Trade Zone Development to Outperform from Market Perform; Price Target is 12.80 Yuan
SHA:600663
2 stories mentioning SHA:600663Updated 43d ago
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Shanghai Lujiazui Finance & Trade Zone Development (SHA:600663) posted first-quarter attributable net profit of 199.2 million yuan, down 68% from 630.6 million yuan the previous year.Earnings per share went down to 0.0396 yuan from 0.1252 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue fell 47% year over year to 2.23 billion yuan from 4.23 billion yuan.Shares of the real estate developer were down 3% in recent trade.