CompanyGraph
Shanghai Zhangjiang High-Tech Park Development Co., Ltd.
600895 · SSE · China
600895.comFinancials as of FY2025
Builds physical space across the full lifecycle of technology enterprises in Shanghai's Zhangjiang area, while separately deploying direct investment and funds into those same enterprises.
- Depends onMidstream position: 6 outgoing, 6 incoming connections
- ScaleMarket cap is $7.09B, above the global median of $1.18B
- FinancialsAltman Z-Score 0.97: distress zone
- Interpretations1 currently firing — 1
What this company is and how it runs — written from structure, not news.
CompanyGraph reads this system as coordinating physical space built for technology tenants, investment capital placed into some of those same tenants, and a rule-setting or administrative role connecting the park to a wider state innovation program. Its position sits midstream, with a similar volume of incoming and outgoing relationships, so it sits neither at the raw-input end nor at the final-consumer end of its chain.
Money comes from related sources: rent and sale proceeds from the technology park space it develops, and gains on the direct investments and funds it places into the enterprises that occupy that space. Net income has stayed positive across every year in the multi-year financial record CompanyGraph holds for the company.
CompanyGraph classifies this company into an industry pattern where scale is expected to come from repeating a standardized, self-contained development unit, such as a new park phase or building, rather than from one large asset. Its own account centers this activity specifically on the Zhangjiang Science City area of Shanghai, which points to replication concentrated so far within a single zone rather than spread across many separate locations. CompanyGraph also places it within a large group of other companies that run this same kind of unit-based system, without indicating where in that group it ranks.
CompanyGraph's mapped structure places this company midstream in its network, with a number of incoming connections feeding into it, though it does not identify who or what those upstream counterparts are. In its own materials the company describes what it brings in only in general terms, as outside market resources and innovation resources it gathers together, without naming specific suppliers or inputs.
By the company's own account, its outputs are industrial space and the companies it has invested in or incubated, feeding into a wider innovation ecosystem in the Zhangjiang Science City area. This suggests the technology enterprises that lease its space or receive its investment depend on it for both physical premises and capital. CompanyGraph's mapped structure also places the company midstream, with a number of outgoing connections, though it does not identify the specific counterparties beyond this general picture.
CompanyGraph reads this company as running a widely shared operating shape: a large number of other companies follow the same kind of unit-based development system. Nothing on file identifies a specific capability, asset, or right that rivals could not also obtain, so CompanyGraph treats this as a common position rather than a differentiated one, anchored in a specific named zone of Shanghai, Zhangjiang Science City, referenced in the company's own account of its work.
CompanyGraph classifies this company into an industry pattern where the limit on scale is assumed to be whether each new standardized development unit can clear profitability on its own, so growth would stall if new units were added faster than demand could absorb them. This is a starting assumption drawn from the industry classification, offered as something to test against the company rather than a limit CompanyGraph has measured directly, since the company's own materials do not describe a specific capacity, approval, input, or talent constraint.
The industry classification CompanyGraph assigns treats growth here as coming from repeating standardized development units, each expected to clear profitability on its own. Read through that lens, the main outside pressure is demand: whether enough tenant demand exists in the specific zone it builds into to absorb each new increment of space without diluting the space already built. This is a framework-level reading drawn from the industry classification, not a pressure the company's own materials describe directly.
Read from the company's own filings and public materials (gathered August 2026) together with figures CompanyGraph recomputed from its statements. Written August 2026. A question with no evidence behind it is left out rather than answered.
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Sign inWhat the company actually pays, and whether its own cash supports it.
The reported statements, read against the company's own industry.
1 interpretation currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow is this stock valued?
Price Below Mean With Profitability And Book Value
Price sits well below its yearly mean, on three profitable years and rising book value.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Financial Health
Supply Chain
Scale
Companies that share the same coordination system — how they create, deliver, or capture value.
Companies that share active interpretations — structural patterns currently present in both stocks.