香港，二零二五年八月十三日 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 ) (股份代號 : 363) 董事會會議召開日期 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 條刊發。 上海實業控股有限公司（「本公司」）謹此宣佈，本公司將於二零二五年八月二十八日（星期 四）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六月三十 日止六個月之中期業績公佈，以及考慮派發中期股息。 承董事會命 上海實業控股有限公司 公司秘書 余富熙 於本公告日期，本公司的董事會成員包括： 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 梁伯韜先生及袁天凡先生 ...

在净流出比方面，GX中国（03040）、南方恒指ETF（03037）、四川成渝高速公路（00107） 以-100.00%、-65.52%、-49.23%位列市场前三。 前10大资金净流入榜 智通财经APP获悉，8月8日,盈富基金（02800）、阿里巴巴-W（09988）、恒生中国企业（02828）南向 资金净流入金额位列市场前三，分别净流入11.84 亿、7.30 亿、5.56 亿 药明生物（02269）、华虹半导体（01347）、中芯国际（00981）南向资金净流出金额位列市场前三， 分别净流出-5.39 亿、-5.09 亿、-4.32 亿 在净流入比方面，上海实业控股（00363）、中银航空租赁（02588）、阳光保险（06963）以63.56%、 60.26%、55.37%位列市场前三。 前10大净流出比榜 | 股票名称 | 净流出比↓ | 净流出(元) | 收盘价 | | --- | --- | --- | --- | | GX中国(03040) | -100.00% | -7100.00 | 35.460（-0.78%） | | 南方恒指ETF(03037) | -65.52% | -72.49 万 ...

Group 1: Company Overview - Shanghai Industrial Holdings (00363.HK) is a comprehensive enterprise with four core businesses: infrastructure and environmental protection, healthcare, real estate, and consumer products [8][9] - The company has stable revenue and cash flow from its toll road operations, which include key highways connecting Shanghai to various regions [8] - The water business has a daily processing capacity exceeding 20 million tons, ranking among the top in the country [8] Group 2: Real Estate Performance - The real estate segment reported a loss of HKD 236 million in 2024 due to impairment losses on property projects [9] - The company holds a total land reserve of 4.2 million square meters, primarily in Shanghai and the Yangtze River Delta [9] Group 3: Consumer Products - The consumer products segment, including Nanyang Tobacco and Yongfa Printing, has seen a significant recovery, with Nanyang Tobacco's net profit increasing by 86% year-on-year to HKD 560 million in 2024 [9] Group 4: Financial Performance and Valuation - The forecasted net profit for the company from 2025 to 2027 is expected to be HKD 2.943 billion, HKD 3.084 billion, and HKD 3.197 billion, representing year-on-year growth of 4.8%, 4.8%, and 3.7% respectively [10] - The stock is valued between HKD 17.62 and HKD 18.35 per share, indicating a potential premium of 22.5% to 27.6% over the current price [10] Group 5: Industry Insights - The chemical industry, particularly the agricultural chemicals sector, is experiencing rising prices for potassium fertilizers and glyphosate, with domestic potassium chloride prices increasing from CNY 3,239 per ton to CNY 3,399 per ton in July [13][14] - The phosphoric acid market is expected to maintain high price levels due to tight supply and increasing demand from new applications [14][15] Group 6: Investment Recommendations - Recommended stocks in the potassium fertilizer sector include YK International, with expected production of 2.8 million tons and 4 million tons in 2025 and 2026 respectively [16] - In the phosphoric chemical sector, companies like Yuntianhua and Xingfa Group are highlighted for their rich phosphate reserves [16]

Core Viewpoint - Shanghai Industrial Holdings is a comprehensive enterprise with four core businesses: infrastructure and environmental protection, healthcare, real estate, and consumer goods, having evolved since its establishment in 1996 as a red-chip company listed in Hong Kong [1][2]. Infrastructure and Environmental Protection - The company holds concession rights for three major expressways in Shanghai, providing stable revenue and cash flow due to consistent traffic and toll growth [1]. - The water business has a combined daily processing capacity exceeding 20 million tons, ranking among the top in the country, with platforms in Singapore and Hong Kong [1]. Real Estate - The real estate segment reported a loss of HKD 236 million in 2024, primarily due to impairment losses on property projects, despite holding a total land reserve of 4.2 million square meters [1]. Consumer Goods - The consumer goods segment, including Nanyang Tobacco and Yongfa Printing, has seen a recovery, with Nanyang Tobacco's net profit expected to grow by 86% to HKD 560 million in 2024, aided by increased overseas revenue following the commissioning of a factory in Malaysia [2]. Investment Outlook - The company is expected to benefit from the sale of a 19.5% stake in Yuefeng Environmental, which will generate HKD 2.33 billion in cash, potentially enhancing dividends [2]. - The stock is considered undervalued with a high dividend yield, showing a price-to-earnings ratio of 5.0x for 2025, and is projected to have a stock value between HKD 17.62 and HKD 18.35, indicating a premium of 22.5% to 27.6% over the current price [2].

Investment Rating - The report assigns an "Outperform" rating to the company for the first time, with a target valuation range of HKD 17.62 to HKD 18.35 per share, indicating a potential upside of 22.5% to 27.6% from the current price of HKD 14.67 [5][3]. Core Insights - The company has a stable foundation in its infrastructure and environmental sectors, particularly in toll roads and water services, while awaiting marginal improvements in real estate and tobacco sectors [1][2]. - The real estate segment reported a loss of HKD 236 million in 2024 due to impairment losses on property projects, despite holding quality land resources totaling 4.2 million square meters [2]. - The consumer segment, which includes leading companies in tobacco and printing, has shown signs of recovery, with net profit for Nanyang Tobacco increasing by 86% year-on-year to HKD 560 million in 2024 [2]. - The company has successfully generated significant cash flow through the sale of a 19.5% stake in Yuefeng Environmental, amounting to HKD 2.33 billion, which may lead to increased dividends [2]. - The company is considered undervalued with a high dividend yield compared to peers in the Hong Kong market [2]. Financial Projections and Valuation - The company is projected to achieve net profits of HKD 2.943 billion, HKD 3.084 billion, and HKD 3.197 billion for the years 2025, 2026, and 2027, respectively, reflecting growth rates of 4.8%, 4.8%, and 3.7% [3][4]. - The estimated price-to-earnings (PE) ratios for the same years are 5.0, 4.7, and 4.6 times, indicating a favorable valuation compared to industry standards [3][4]. - The report highlights a stable revenue forecast, with expected revenues of HKD 29.711 billion in 2025, showing a slight increase from 2024 [4]. Business Segments Overview - The infrastructure and environmental segment remains robust, with the company holding 100% stakes in three major toll roads in Shanghai, which have shown stable traffic and revenue growth [1][40]. - The water services segment, comprising two platforms, has a combined daily treatment capacity exceeding 20 million tons, ranking among the top in the country [1][49]. - The real estate segment has faced challenges, with a significant decline in revenue and profitability due to market conditions and impairment losses [2][21]. - The consumer segment is recovering, with improved sales and profitability driven by international expansion and operational optimizations [2][21].

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: | 2025年7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: | 2025年8月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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 | ...

Group 1 - Shanghai Industrial Holdings (00363.HK) closed at HKD 14.960 on July 30, marking a 0.27% increase from the previous trading day, with an intraday high of HKD 15.280, reaching a nearly one-year high [1] - The net capital inflow on that day was HKD 8.2175 million, with no specific data on capital inflow and outflow [1] - Shanghai Industrial Holdings is the largest comprehensive enterprise of Shanghai Industrial Group overseas, focusing on domestic investment opportunities while leveraging its advantages in Hong Kong and Shanghai [1] Group 2 - The company has developed into a comprehensive enterprise over more than 20 years, with four core business areas: infrastructure and environmental protection (including toll roads, bridges, sewage treatment, and solid waste treatment), health care, real estate, and consumer products (including Nanyang Tobacco and Yongfa Printing) [1]

《提名委員會職權範圍書》 1. 委員會的設立 上海實業控股有限公司（「上實控股」或「公司」）董事會（「董事會」）於二零一 二年三月二十六日以函審方式審議，決議批准設立提名委員會（「委員會」）。 2. 設立的目的 委員會是根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「《上市規 則》」）的要求而設立，目的是設定正式、經審慎考慮並具透明度的新董事委任程 序及有秩序的董事繼任計劃，並就加入董事會或填補董事會成員空缺的人選，向 董事會作出建議。 3. 委員會的組成 4. 委員會秘書 委員會秘書由上實控股公司秘書出任，負責委員會會議會務安排，並備存會議紀 錄。 5. 會議及法定開會人數 1 3.1 委員會至少由五位成員組成，包括全體獨立非執行董事及兩位管理層代 表。 3.2 委員會委員及委員會主席須由董事會委任。 3.3 委員會主席須由獨立非執行董事擔任。 3.4 委員會的大部分成員須為獨立非執行董事。 3.5 委員會須至少有一位不同性別的董事。 5.1 委員會會議的法定人數為三人。如委員會主席因故未能出席會議，則出 席的委員可推舉其他委員主持該次會議。 5.2 其他董事會成員有權列席會議，而在委員會邀請下須應 ...

Core Viewpoint - Shanghai Industrial Holdings (00363.HK) announced the sale of several assets in Quanzhou, Fujian Province, totaling approximately RMB 2,052,689,371 (including tax) to enhance cash flow and optimize resource allocation [1][2]. Group 1: Asset Sale Agreements - The company entered into three sale agreements with Quanzhou Zhenyuan and Quanzhou Xinyuan for the sale of various residential units, parking spaces, and land use rights [1][2]. - Agreement One involves the sale of a residential unit and undeveloped land use rights for a total of RMB 96,247,262 [1]. - Agreement Two includes the sale of multiple residential buildings and associated parking spaces for a total of RMB 1,149,752,342 [2]. - Agreement Three covers the sale of additional residential units and parking spaces for a total of RMB 806,689,767 [2]. Group 2: Strategic Implications - The asset sales are aimed at accelerating inventory turnover, optimizing resource allocation, and increasing cash inflow to meet the company's operational funding requirements [2]. - The transactions align with the company's strategy to gradually focus on development in Shanghai and the Yangtze River Delta region [2].

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，並明確表示不會就因本公告全部或任何部分內容而產生或因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） （股份代號：363） 須予披露的交易 出售附屬公司的若干資產 該等出售事項 於二零二五年七月十八日，本公司的間接附屬公司泉州上實投資（i）與泉州甄源訂立買 賣協議一, 據此，泉州上實投資同意出售而泉州甄源同意購買資產一，代價為人民幣 96,247,262 元（含稅）；（ii）與泉州歆源訂立買賣協議二，據此，泉州上實投資同意出售 而泉州歆源同意購買資產二，代價為人民幣 1,149,752,342 元（含稅）；及（iii）與泉州歆 源訂立買賣協議三，據此，泉州上實投資同意出售而泉州歆源同意購買資產三，代價為人 民幣 806,689,767 元（含稅）。該等出售事項涉及泉州上實投資的若干資產，包括位於中 國福建省泉州市的住宅單位、車位及地塊。該等出售事項的總代價為人民幣 2,052,689,371 元（含稅）。 《上市規則》的涵義 根據《上市規則》第 14.22 條，由於買賣協議一 ...