Sustained <\/b>B<\/b>reakthroughs <\/b>i<\/b>n <\/b>T<\/b>he Green and Health <\/b>B<\/b>usiness\u00a0<\/b>\u00a0<\/p>\n
With <\/b>A<\/b>pproximately HK$4 <\/b>B<\/b>illion <\/b>i<\/b>n cash <\/b>R<\/b>ecovered from the <\/b>S<\/b>uccessful <\/b>P<\/b>rivatization of Canvest Environmental<\/b><\/p>\n
HONG KONG<\/span><\/span>, Aug. 28, 2025<\/span><\/span> \/PRNewswire\/ — Shanghai Industrial Holdings Limited (“SIHL” or the “Company”, together with its subsidiaries, the “Group”; HKEX stock code: 363) announced its unaudited interim results for the six months ended 30 June 2025<\/span>. Revenue amounted to HK$9<\/span>.476\u00a0billion, representing a year-on-year decrease of 8.6%. Profit attributable to owners of the Company was HK$1<\/span>.042\u00a0billion, down 13.2% year-on-year. The decline in revenue and profit was mainly due to\u00a0a reduction in sales recognized upon delivery in the real estate business compared to the same period last year, as well as substantial provisions for property\u00a0inventory write-downs and the decrease in fair value of investment properties. The Board has declared an interim dividend of HK42 cents per share, representing a payout ratio of 43.8%, as a gesture of appreciation for shareholders’ long-term support.<\/p>\n 202<\/i><\/b>5<\/i><\/b>\u00a0Interim Results Highlights<\/i><\/b>:<\/i><\/b><\/p>\n For six months ended 30 June<\/span><\/p>\n (Unaudited)<\/span><\/p>\n<\/td>\n<\/tr>\n 2025<\/b><\/span><\/p>\n<\/td>\n 2024<\/b><\/span><\/p>\n<\/td>\n Change <\/b><\/span><\/p>\n<\/td>\n<\/tr>\n Revenue (HK$ million)<\/span><\/p>\n<\/td>\n 9,476<\/b><\/span><\/p>\n<\/td>\n 10,369<\/span><\/p>\n<\/td>\n -8.6\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Profit attributable to owners of the Company (HK$ million)<\/span><\/p>\n<\/td>\n 1,042<\/b><\/span><\/p>\n<\/td>\n 1,201<\/span><\/p>\n<\/td>\n -13.2\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Earnings per share – Basic (HK$)<\/span><\/p>\n<\/td>\n 0.958<\/b><\/span><\/p>\n<\/td>\n 1.105<\/span><\/p>\n<\/td>\n -13.3\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Interim dividend per share (HK cents)<\/span><\/p>\n<\/td>\n 42<\/b><\/span><\/p>\n<\/td>\n 42<\/span><\/p>\n<\/td>\n Payout ratio<\/span><\/p>\n<\/td>\n 43.8\u00a0%<\/b><\/span><\/p>\n<\/td>\n 38\u00a0%<\/span><\/p>\n<\/td>\n As at 30 June <\/span><\/p>\n \u00a0(Unaudited)\u00a0<\/span><\/p>\n<\/td>\n As at 31 December <\/span><\/p>\n \u00a0(Audited) <\/span><\/p>\n<\/td>\n 2025<\/b><\/span><\/p>\n<\/td>\n 2024<\/b><\/span><\/p>\n<\/td>\n Change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n Total assets (HK$ million)<\/span><\/p>\n<\/td>\n 165,569<\/b><\/span><\/p>\n<\/td>\n 168,513<\/span><\/p>\n<\/td>\n -1.7\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Equity attributable to owners of the Company (HK$ million)<\/span><\/p>\n<\/td>\n 49,155<\/b><\/span><\/p>\n<\/td>\n 47,571<\/span><\/p>\n<\/td>\n 3.3\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Cash and cash equivalents (HK$ million)<\/span><\/p>\n<\/td>\n 28,534<\/b><\/span><\/p>\n<\/td>\n 28,514<\/span><\/p>\n<\/td>\n 0.1\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n Revenue and Profit Contributions by Business:<\/i><\/b><\/p>\n For the six months ended 30 June Segment Revenue (HK$ million)<\/b>\u00a0\u00a0<\/span><\/p>\n<\/td>\n 2025<\/b><\/span><\/p>\n<\/td>\n 2024<\/b><\/span><\/p>\n<\/td>\n Change <\/b><\/span><\/p>\n<\/td>\n<\/tr>\n Infrastructure and Environmental Protection<\/span><\/p>\n<\/td>\n 4,433<\/b><\/span><\/p>\n<\/td>\n 4,571<\/span><\/p>\n<\/td>\n -3.0\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Real Estate<\/span><\/p>\n<\/td>\n 3,143<\/b><\/span><\/p>\n<\/td>\n 4,092<\/span><\/p>\n<\/td>\n -23.2\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Consumer Products<\/span><\/p>\n<\/td>\n 1,901<\/b><\/span><\/p>\n<\/td>\n 1,706<\/span><\/p>\n<\/td>\n 11.4\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Total<\/b><\/span><\/p>\n<\/td>\n 9,476<\/b><\/span><\/p>\n<\/td>\n 10,369<\/span><\/p>\n<\/td>\n -8.6\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Segment Net Profit (HK$ million)<\/b>\u00a0<\/span><\/p>\n<\/td>\n 2025<\/b><\/span><\/p>\n<\/td>\n 2024<\/b><\/span><\/p>\n<\/td>\n Change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n Infrastructure and Environmental Protection<\/span><\/p>\n<\/td>\n 933<\/b><\/span><\/p>\n<\/td>\n 1,056<\/span><\/p>\n<\/td>\n -11.6\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Comprehensive Healthcare Operations<\/span><\/p>\n<\/td>\n 141<\/b><\/span><\/p>\n<\/td>\n 65<\/span><\/p>\n<\/td>\n 118.4\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n Real Estate<\/span><\/p>\n<\/td>\n -465<\/b><\/span><\/p>\n<\/td>\n -131<\/span><\/p>\n<\/td>\n N\/A<\/span><\/p>\n<\/td>\n<\/tr>\n Consumer Products<\/span><\/p>\n<\/td>\n 403<\/b><\/span><\/p>\n<\/td>\n 320<\/span><\/p>\n<\/td>\n 26.0\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n In the first half of 2025, the Group remained committed to reform and innovation, accelerated the upgrade and transformation of its core businesses, and further optimized its asset and business portfolio. At the same time, it focused on strengthening internal management and enhancing risk controls, with full dedication to driving the Group’s high-quality development.<\/p>\n For the six months ended 30 June 2025<\/span>, the Group recorded unaudited revenue of HK$9.476 billion<\/span>, representing a decrease of 8.6% compared with the same period last year. Profit attributable to owners of the Group was HK$1.042 billion<\/span>, down 13.2% year-on-year. The decline in revenue and profit was primarily due to a reduction\u00a0in sales recognized upon delivery in the real estate business compared with the same period last year, as well as substantial provisions for real estate inventory write-downs and the decrease in fair value of investment properties.<\/p>\n During the period, profit from the infrastructure and environmental protection business decreased by 11.6% year-on-year to HK$933 million<\/span>, accounting for approximately 92.2% of the Group’s Net Business Profit. The toll road business continued to provide the Group with stable cash flow. During the period, the Group actively responded to national policy directives, focused on the core businesses of water treatment and water resources utilization, and worked to expand market share, thereby consolidating its leading position in China’s<\/span> water services and environmental protection industries.<\/p>\n Following the successful privatization of Canvest Environmental Protection Group Company Limited during the period, all 475 million Canvest shares indirectly held by the Group were cancelled at a price of HK$4.90<\/span> per share. In addition, the Group redeemed its exchangeable bonds ahead of maturity, with the principal, interest, and early redemption penalty, total premium amounted to approximately HK$1.7 billion<\/span>. In aggregate, the Group recovered approximately HK$4.0 billion<\/span> in cash.<\/p>\n The comprehensive healthcare business contributed a profit of HK$141 million<\/span> in the first half, representing a substantial year-on-year increase of 118.4% and accounting for approximately 14.0% of the Group’s Net Business Profit.<\/p>\n The real estate business recorded a loss of HK$465 million<\/span> during the period, representing an increase in loss of approximately 2.56 times compared with the same period last year, and accounting for approximately -46.0% of the Group’s Net Business Profit.\u00a0The loss was mainly attributable to substantial impairment provisions for real estate inventory.<\/p>\n The consumer products business delivered a solid performance, contributing HK$403 million<\/span> in profit in the first half, an increase of 26.0% year-on-year and accounting for approximately 39.8% of the Group’s Net Business Profit. Nanyang Tobacco<\/span> has driven continuous improvement in performance through dynamic adjustments to its operating strategies, optimization of product structure, and further development of its distribution channels. Wing Fat Printing leveraged synergies among its three core business segments \u2014 cigarette packaging, pharmaceutical packaging, and moulded-fibre \u2014 to steadily improve its overall performance.<\/p>\n Business Highlights:<\/i><\/b><\/p>\n Infrastructure and Environmental Protection<\/u><\/b><\/p>\n Comprehensive Healthcare Operations<\/u><\/b><\/p>\n Real Estate<\/u><\/b><\/p>\n Co<\/u><\/b>nsumer Products<\/u><\/b><\/p>\n SIHL Chairlady Leng Weiqing stated, “The global economy is showing signs of recovery, with opportunities and challenges co-existing. In the second half of the year, while adhering to a prudent operating philosophy, the Group will remain committed to an innovation-driven development strategy. On the one hand, we will accelerate the transformation and upgrading of our core businesses and deepen the integration of finance and industry; on the other, we will strengthen our comprehensive risk management system and enhance profitability. In the infrastructure and environmental protection business, SIIC Environment will continue to optimize its business layout, expand market share, and consolidate its leading position in China’s<\/span> water services and environmental protection industries. The toll road business will further improve operational efficiency and maintain stable development. Investments in the comprehensive healthcare and new arenas business \u2014 particularly in the pharmaceutical, healthcare, and green energy sectors \u2014 will contribute new growth to the Group. In the real estate business, we will closely monitor industry policy developments, revitalize existing assets, and accelerate the sell-through of inventory. With the gradual effects of the central government’s economic-stabilization policies expected to emerge, we anticipate marginal improvement in the property sector. While ensuring prudent operations, we will actively seize opportunities from a market recovery to improve operating results. Nanyang Tobacco<\/span> will continue to implement its high-quality development strategy, accelerate the application of smart technologies, and ensure steady and sustainable long-term growth. Wing Fat Printing will remain focused on its guiding principle of ‘expanding markets through external synergies and enhancing efficiency through internal cost reduction’ to achieve long-term, steady development. Overall, the Group will accelerate the upgrading of all core businesses, seize opportunities to increase holdings in quality projects, and create greater value for our shareholders.”<\/p>\n About SIHL<\/u><\/b><\/p>\n Shanghai Industrial Holdings Limited (“SIHL”, HKEX Stock Code: 363) is the largest overseas conglomerate of Shanghai Industrial Investment (Holdings) Co., Ltd. (“SIIC”). As the flagship of the SIIC Group, SIHL has been successful in leveraging its Shanghai<\/span> advantage since its listing, in terms of securing the best investment opportunities in mainland China<\/span> with full support from its parent company. With nearly 30 years of development, SIHL has become a conglomerate with four core businesses: infrastructure and environmental protection (including toll roads, and environmental protection-related businesses such as sewage treatment and solid waste treatment), comprehensive healthcare operations, real estate, and consumer products (including Nanyang Tobacco<\/span> and Wing Fat Printing). SIHL will continue to enhance its corporate governance and strive to create greater value for its shareholders.<\/p>\n\n\n
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