SHA:600663

Shanghai Lujiazui Finance & Trade Zone Development's H1 Residential Sales Rise 21%; Shares Up 8%

Shanghai Lujiazui Finance & Trade Zone Development's (SHA:600663) contracted sales amount for its residential properties rose 21% year over year to 5.78 billion yuan in the first half, according to a Thursday disclosure to the Shanghai Stock Exchange.The contracted sales area shrank 16% to 34,300 square meters.The company also sold the DBS Bank Tower office project, with a contracted sales amount of 3.76 billion yuan.Cash inflows from its real estate leasing business increased 1% year over year to 1.87 billion yuan.Shares jumped nearly 8% during afternoon trading on Thursday.

Lujiazui Finance & Trade Zone Development's H1 Profit Jumps 36%, Revenue Rises 23%; Shares Rise 7%

Shanghai Lujiazui Finance & Trade Zone Development's (SHA:600663) net profit attributable to shareholders in the first half jumped 36% to 1.11 billion yuan from 815.4 million yuan a year earlier, according to a Shanghai bourse filing on Thursday.Earnings per share climbed year on year to 0.22 yuan from 0.16 yuan.Operating revenue rose 23% to 8.10 billion yuan from 6.60 billion yuan in the previous year.The real estate developer's shares jumped 7% during the midday trade.

CICC Upgrades Shanghai Lujiazui Finance & Trade Zone Development to Outperform from Market Perform; Price Target is 12.80 Yuan

Lujiazui Finance & Trade Zone Q1 Profit Falls 68%; Shares Down 3%

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.