股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年3月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 上海實業控股有限公司 | | | 呈交日期: | 2026年4月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.2.1 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00363 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 1,087,211,600 0 1,087,211,600 增加 / 減少 (-) 0 0 本月底結存 1,087,211,600 0 1,087,211,600 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D ...

Group 1 - The company Shanghai Industrial Holdings (00363) reported a total revenue of HKD 20.832 billion for the fiscal year 2025, with a net profit of HKD 2.02 billion and basic earnings per share of HKD 1.858 [3] - The infrastructure and environmental business generated a profit of HKD 1.801 billion, a decrease of 31.5% compared to the previous year, primarily due to profits from the sale of equity in the Hangzhou Bay Bridge in the prior year [3] - The company is focusing on water treatment and resource utilization, aiming to expand market share and optimize business layout to strengthen its leading position in China's water and environmental industry [3] Group 2 - The consumer goods segment contributed a profit of HKD 0.756 billion, an increase of 17.5% year-on-year, accounting for approximately 39.2% of the group's net profit [4] - In the context of ongoing economic pressure and increased competition in the consumer goods market, the company is advancing new product development and improving existing products to adapt to market changes [4] - The company is implementing cost control measures and enhancing capacity utilization to ensure steady development across its various segments [4] Group 3 - As of the end of 2025, Shanghai Industrial New Energy Development Co., Ltd. holds solar power assets totaling 740 megawatts, with 15 solar power projects generating approximately 863.38 million kilowatt-hours, a 10% decrease from the previous year due to ongoing power restrictions [3] - The company continues to strengthen its research on macro policies, industry dynamics, and capital markets to meet market challenges [3]

Group 1: Financial Performance - The company reported a total revenue of HKD 20.832 billion and a net profit of HKD 2.02 billion for the fiscal year 2025, with basic earnings per share at HKD 1.858 [1] - A final dividend of HKD 0.50 per share and a special dividend of HKD 0.20 per share are proposed [1] Group 2: Business Segments - The infrastructure and environmental business generated a profit of HKD 1.801 billion, a decrease of 31.5% compared to the previous year, accounting for approximately 93.4% of the group's net profit [1] - The consumer goods segment contributed a profit of HKD 0.756 billion, an increase of 17.5% year-on-year, representing about 39.2% of the group's net profit [2] Group 3: Strategic Focus - The company is focusing on water treatment and resource utilization, aiming to expand market share and optimize business layout to strengthen its leading position in China's water and environmental industry [1] - The company is committed to innovation and product development in the consumer goods sector to adapt to market changes and maintain steady sales growth [2] Group 4: Renewable Energy - As of the end of 2025, the company's solar power assets reached 740 megawatts, with 15 solar power projects generating approximately 863.38 million kilowatt-hours, a 10% decrease from the previous year due to ongoing power restrictions [1] - The company continues to enhance its research on macro policies, industry trends, and capital markets to meet market challenges [1]

第 2 頁 共 2 頁 v 1.1.1 第 1 頁 共 2 頁 v 1.1.1 EF001 | 其他信息 | | | --- | --- | | 其他信息 | 不適用 | | 發行人董事 | | | | 於本公告日期，本公司董事會成員包括四位執行董事，分別為冷偉青女士、張芊先生、姚嘉勇先生及徐有利先生；四位獨立非執行 | EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 上海實業控股有限公司 | | 股份代號 | 00363 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年十二月三十一日止的末期股息 | | 公告日期 | 2026年3月30日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 ...

EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 上海實業控股有限公司 | | 股份代號 | 00363 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年十二月三十一日止的特別股息 | | 公告日期 | 2026年3月30日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 其他 | | 特別 | | | 股息性質 | 特別股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股息 | 每 股 0.2 HKD | | 股東批准日期 | 2026年5月21日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.2 HKD | | 匯率 | ...

Financial Performance - The total revenue for Shanghai Industrial Holdings Limited for the year ended December 31, 2025, was HKD 20.832 billion, a decrease of 28.0% year-on-year[3]. - Net profit for the same period was HKD 2.020 billion, down 28.1% compared to the previous year[3]. - The infrastructure and environmental business reported a profit of HKD 1.801 billion, a decline of 31.5%, accounting for approximately 93.4% of the group's net profit[4]. - The real estate segment reported a loss of HKD 632 million, accounting for approximately 32.7% of the group's net profit, primarily due to reduced sales and inventory write-downs[14]. - The consumer goods segment contributed a profit of HKD 756 million, up 17.5% year-on-year, representing approximately 39.2% of the group's net profit[18]. - The overall gross profit margin increased by 2.5 percentage points compared to the previous year, mainly due to a higher proportion of revenue from the consumer goods business[69]. - The annual profit attributable to shareholders decreased to HKD 2,019,868 in 2025, down 28% from HKD 2,807,653 in 2024[61]. - Basic and diluted earnings per share for 2025 were HKD 1.86, compared to HKD 2.58 in 2024, indicating a decline of approximately 28%[61]. Revenue Breakdown - The toll roads segment saw a total revenue of HKD 2.103 billion, an increase of 3.6% year-on-year, with total traffic volume rising by 2.3%[7]. - Shanghai Industrial Environment Holdings achieved a revenue of RMB 7.073 billion, with a net profit attributable to shareholders of RMB 610 million, reflecting a year-on-year increase of 0.9%[9]. - Shanghai Shanshi Development achieved a revenue of RMB 3.388 billion, a year-on-year increase of 35.9%, while the attributable loss was RMB 618 million due to inventory write-downs[15]. - Shanghai Shanshi Urban Development's revenue fell by 70.5% to HKD 3.668 billion, with a loss attributable to shareholders of HKD 962 million, mainly due to decreased sales[16]. - The group's total revenue for the year ending December 31, 2025, was HKD 20,831,514,000, with the infrastructure and environmental segment contributing HKD 9,773,062,000[55]. Dividends - The company proposed a final dividend of HKD 0.50 per share and a special dividend of HKD 0.20 per share, totaling an annual dividend of HKD 1.12 per share[3]. - The company proposed a final dividend of HKD 0.50 per share for the year ending December 31, 2025, down from HKD 0.52 per share in 2024[60]. - The company proposed a final dividend of HKD 0.50 per share and a special dividend of HKD 0.20 per share, resulting in a total dividend of HKD 1.12 per share for 2025, up from HKD 0.94 per share in 2024[72]. Business Strategy and Outlook - The company plans to actively explore quality investment opportunities in the environmental sector and implement precise layouts to drive substantial breakthroughs in domestic and international business[8]. - Shanghai Industrial Environment will continue to optimize its business layout and expand market share, aiming to strengthen its leading position in the industry[10]. - The company is committed to investing in new energy sectors, which will contribute to sustained profitability[24]. - The company aims to achieve a balanced growth between stable expansion and structural optimization in 2026, focusing on enhancing consumer potential to counter external trade challenges[23]. - The company plans to deepen its core industry transformation and upgrade product structure towards high-end and specialized offerings, while improving operational efficiency[25]. Financial Position - Non-current assets decreased to HKD 93,274,516 in 2025 from HKD 102,522,625 in 2024[40]. - Current assets increased to HKD 71,691,195 in 2025 from HKD 65,875,401 in 2024[40]. - Current liabilities decreased to HKD 35,596,201 in 2025 from HKD 40,168,739 in 2024[41]. - Total equity attributable to owners of the company rose to HKD 50,155,543 in 2025 from HKD 47,570,505 in 2024[41]. - Total segment assets as of December 31, 2025, amounted to HKD 164,965,711, a slight decrease from HKD 168,512,693 in 2024[56]. - Total segment liabilities increased to HKD 90,219,363 in 2025 from HKD 83,236,045 in 2024, reflecting a growth of approximately 8.5%[56]. - The total tax expense for 2025 was HKD 1,616,601, a decrease of 15% from HKD 1,901,705 in 2024[57]. - As of December 31, 2025, the company's total loans amounted to approximately HKD 55.62 billion, a decrease from HKD 59.49 billion in 2024[74]. - The company held cash and short-term investments totaling HKD 31.52 billion as of December 31, 2025, an increase from HKD 28.51 billion in 2024[76]. Regulatory Changes - The Hong Kong Financial Reporting Standards (HKFRS) No. 18 introduces new regulations for the presentation of the income statement, requiring entities to classify all income and expenses into five categories: operating, investing, financing, income tax, and discontinued operations[47]. - The amendments to HKFRS No. 18 and other related standards will take effect for annual periods beginning on or after January 1, 2027, with retrospective application required[48]. - The new HKFRS No. 19 allows qualifying entities to adopt lower disclosure requirements while still adhering to recognition, measurement, and reporting requirements of other HKFRS standards[50]. - The amendments to HKFRS No. 9 and No. 7 clarify the derecognition date of financial assets or liabilities and introduce an accounting policy choice for derecognition of financial liabilities settled electronically before the settlement date[51]. - The revisions to HKFRS No. 9 and No. 7 include additional disclosures for equity instruments measured at fair value and financial instruments with contingent features[51]. - The company is currently analyzing the impact of HKFRS No. 18 on its financial statement presentation and disclosures[48]. - The company’s subsidiaries are considering adopting HKFRS No. 19 and its amendments in their specific financial statements[50]. - The amendments to HKFRS No. 18 require stricter requirements for the combination and classification of information in primary financial statements and notes[47]. - The new standards do not have a mandatory effective date but can be adopted early[49]. - The company does not qualify to adopt HKFRS No. 19 and its amendments as it is a listed entity[50]. Market Conditions - The real estate market is expected to remain under adjustment, with policies continuing to support stability through relaxed restrictions and cost reductions[24]. - For 2026, Yongfa Printing anticipates continued pressure on the macro environment and intensified competition, focusing on business structure optimization and cost management[21]. - The company is actively expanding its environmental and infrastructure business, leveraging favorable government policies to enhance its leading position in China's water and environmental industry[24].

Group 1 - The company Shanghai Industrial Holdings (00363.HK) will hold a board meeting on March 30, 2026, to approve the annual results for the year ending December 31, 2025, for itself and its subsidiaries [1] - The board meeting will also consider the distribution of the final dividend [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或倚賴該等內容而引致之任何損失承擔任 何責任。 ( 於香港註冊成立之有限公司） 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.43 條作出。 執行董事： 冷偉青女士、張芊先生、姚嘉勇先生及徐有利先生 獨立非執行董事： 上海實業控股有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於二零二六年三月 三十日（星期一）召開董事會會議，藉以（其中包括）批准本公司及其附屬公司截至二零二 五年十二月三十一日止年度之全年業績公佈，以及考慮派發末期股息。 承董事會命 上海實業控股有限公司 公司秘書 余富熙 香港，二零二六年三月十三日 於本公告日期，董事會成員包括︰ (股份代號 : 363) 董事會召開日期 梁伯韜先生、袁天凡先生、張黔教授及唐嘉盛先生 ...

Investment Rating - The report maintains an "Buy" rating for the environmental protection industry [2] Core Insights - The government work report for 2026 emphasizes the need for a 17% reduction in carbon emissions per unit of GDP and a 3.8% reduction in total carbon emissions, marking a shift towards dual control of carbon emissions [12][14] - The report highlights the increasing demand for green energy and biofuels, particularly biodiesel, driven by rising oil prices and geopolitical tensions [5][21] - The report suggests focusing on companies involved in the recycling and green energy sectors, such as biofuels and green methanol, as potential investment opportunities [5][13] Summary by Sections Government Work Report - The 2026 government work report sets higher targets for carbon emissions reduction and introduces a national low-carbon transition fund to support hydrogen and green fuel development [12][15] - The report indicates that 2026 will be the first year of formal carbon assessments for local governments [12][14] Biodiesel Market - The average export price of UCO (Used Cooking Oil) in 2025 was 7,742 CNY/ton, a year-on-year increase of 21.6% [21] - UCO export volume for 2025 was 2.7558 million tons, with a 6.6% decrease compared to the previous year [21] - The report notes that the price of UCO has been on an upward trend, reaching 8,125.54 CNY/ton by December 2025 [21] Carbon Market and Policies - The report tracks developments in the carbon market, noting a recent trading volume of 56.05 million tons and a closing price of 81.85 CNY/ton [36][39] - It highlights the establishment of a comprehensive recycling system for retired solar panels, aiming for a cumulative utilization of 250,000 tons by 2027 [34] Key Companies to Watch - The report recommends monitoring companies such as Langkun Technology, Shanhai Environment, and Huanxin Co., which are positioned to benefit from the growing demand for biofuels and recycling [5][33]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年2月28日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 上海實業控股有限公司 | | | 呈交日期: | 2026年3月2日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00363 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 1,087,211,600 0 1,087,211,600 增加 / 減少 (-) 0 本月底結存 1,087,211,600 0 1,087,211,600 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1 ...