( 於香港註冊成立之有限公司） (股份代號 : 363) 董事會召開日期 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 條作出。 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。 香港，二零二五年三月十二日 於本公告日期，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 上海實業控股有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於二零二五年三月 二十七日（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 二四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 ...

董事會名單、角色和職能 上海實業控股有限公司董事會（「董事會」）現共有六名董事，每名董事的姓名、角色和職 能載列如下: （於香港註冊成立之有限公司） （股份代號：363） | | | | 董事委員會 | 執行 | 審核 | 薪酬 | 提名 | | --- | --- | --- | --- | --- | --- | --- | --- | | 董事會成員 | | | | 委員會 | 委員會 | 委員會 | 委員會 | | 執行董事 | | | | | | | | | 冷偉青女士 | | (董事長) | | C | - | - | - | | 張 | 芊先生 | (行政總裁) | | M | - | - | - | | 姚嘉勇先生 | | | | M | - | - | - | | 徐有利先生 | | (副行政總裁) | | M | - | - | - | | 獨立非執行董事 | | | | | | | | | 梁伯韜先生 | | | | - | C | M | M | | 袁天凡先生 | | | | - | M | M | M | 附註: 香港，二零二五年三月四日 C 董事委員會的主席 M 董事委員會的成員 ...

為符合《上市規則》規定，本公司將盡最大努力於實際可行之情況下，盡快且無論如何於二 零二五年三月二日後三個月內物色合適的人選填補獨立非執行董事、薪酬委員會及提名委員 會主席及審核委員會成員的職位空缺。 （於香港註冊成立之有限公司） （股份代號：363） 獨立非執行董事離世 上海實業控股有限公司（「本公司」）董事（「董事」）會（「董事會」）沉痛宣佈，本公 司獨立非執行董事、薪酬委員會（「薪酬委員會」）及提名委員會（「提名委員會」）主席 及審核委員會（「審核委員會」）成員吳家瑋教授（「吳教授」）於二零二五年三月二日離 世。 董事會謹此對已故吳教授在任期間對本公司作出之寶貴貢獻表示衷心感謝，並向其家人致以 深切慰問。 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。 吳教授離世後，本公司未能滿足： 本公司將於適當時候刊發進一步公告。 承董事會命 上海實業控股有限公司 公司秘書 余富熙 香港，二零二五年三月四日 1 於本公告日期，董事會成員包括︰ 執行董事： 冷偉青 ...

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） 更換股份過戶登記處 承董事會命 上海實業控股有限公司 公司秘書 余富熙 香港，二零二五年一月十日 於本公告日期，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 上海實業控股有限公司（「本公司」）董事會宣佈自二零二五年二月十日起, 本公司之股份 過戶登記處將更換為: - 卓佳證券登記有限公司 香港夏慤道 16 號 遠東金融中心 17 樓 電話 : (852) 2980 1333 傳真 : (852) 2810 8185 由二零二五年二月十日起, 有關本公司之股份過戶及登記手續將由卓佳證券登記有限公司辦 理。於二零二五年二月七日下午四時三十分後仍未領取之股票, 可於二零二五年二月十日起 從卓佳證券登記有限公司領取。 獨立非執行董事︰ 吳家瑋先生、梁伯韜先生及袁天凡先生 ...

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） 有關訂立租賃協議的持續關連交易 該等租賃協議 於二零二五年一月六日，南洋煙草及本公司（作為承租人）各自分別與南洋企業及國際標 （作為業主）訂立租賃協議（即屯門租賃協議及夏慤租賃協議），租賃期由二零二五年一月 一日至二零二五年十二月三十一日（包括首尾兩日），以重續兩者均於二零二四年十二月三 十一日到期的該等現有租賃協議（即現有租賃協議 I 及現有租賃協議 II），以供本集團營 運。 《上市規則》涵義 南洋煙草為本公司的間接全資附屬公司。上實集團為本公司控股股東，持有本公司全部已發 行股本約 63.16%，因而為本公司的關連人士。南洋企業及國際標均為上實集團的全資附屬 公司，因而為上實集團的聯繫人及本公司關連人士。因此，根據《上市規則》第 14A 章， 訂立屯門租賃協議及夏慤租賃協議構成本公司的持續關連交易。 由於根據屯門租賃協議及夏慤租賃協議的合計年度上限的 ...

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) 須予披露的交易 戰略投資者配售協議 建議認購獲配份額 於二零二四年十一月十八日，上海躋沄（本公司之間接全資附屬公司）與平安基金訂立戰 略投資者配售協議，據此，上海躋沄（作為戰略投資者）同意按認購款項認購獲配份額。 《上市規則》涵義 上海躋沄將認購的獲配份額為發售份額的 15.8284%，即 158,284,000 基金份額。 代價及付款 由於有關建議認購事項的最高適用百分比率超過5%但低於25%，故根據《上市規則》第14 章，建議認購事項構成本公司的須予披露的交易，並須遵守申報及公告之規定，惟獲豁免 遵守股東批准的規定。 建議認購獲配份額 於二零二四年十一月十八日，上海躋沄（本公司之間接全資附屬公司）與平安基金訂立戰略 投資者配售協議，據此，上海躋沄（作為戰略投資者）同意按認購款項認購獲配份額。 戰略投資者配售協議 1 日期： 二零二四年十一月十八日 ...

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 出售寧波市杭州灣大橋發展有限公司的股權 出售事項 於二零二四年十一月五日，上海躋沄（本公司間接全資附屬公司）、寧波交通、寧波大通 及嘉興公路（作為賣方）與買方及目標公司訂立股權轉讓協議。根據股權轉讓協議，該等 賣方各自有條件同意出售而買方有條件同意收購該等賣方於目標公司各自的股權，佔目標 公司股權合共 85.1894%，其中於目標公司的 23.0584%股權將由上海躋沄出售，代價不低 於人民幣 1,747,000,000 元及不超過人民幣 1,923,000,000 元。 於完成後，本集團將不再擁有目標公司任何權益。 《上市規則》的涵義 由於有關出售事項之一項或多項適用百分比率（按《上市規則》第 14.07 條計算）超過 5% 但全部低於 25%，故出售事項構成本公司於《上市規則》第 14章項下的須予披露交易。出 售事項須遵守《上市規則》 ...

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，並明確表明不會就因本公告全部或任何部分內容而產生或因依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) 有關 採購框架協議之 持續關連交易 採購框架協議 於二零二四年十月二十九日，本公司的間接非全資附屬公司永發印務與上藥股份訂立採購框 架協議，期限為一年，由二零二五年一月一日至二零二五年十二月三十一日止。根據採購框 架協議，永發集團任何成員公司可與上藥股份集團任何成員公司訂立個別協議，以提供藥品 印刷包裝材料，惟須遵守採購金額的年度上限。 《上市規則》涵義 於本公告日期，上實集團同為本公司及上藥股份的控股股東。因此，上藥股份為上實集團的 聯繫人及本公司的關連人士，而根據《上市規則》第 14A 章，訂立採購框架協議及其項下擬 進行交易構成本公司的持續關連交易。 由於根據《上市規則》第 14.07 條計算有關採購框架協議項下擬進行交易的採購金額年度上 限的最高適用百分比率超過 0.1%但低於 5%，故該等交易僅須遵守《上市規則》第 14A 章項 下的申報、公 ...

[Chairman's Statement](index=5&type=section&id=Chairman's%20Statement) The Chairman's Statement reviews the operating environment and performance for the first half of 2024, highlighting the Group's resilience and achievements amidst global challenges Key Performance Indicators | Indicator | H1 2024 | YoY Change | | :--- | :--- | :--- | | Total Revenue | HKD 10.369 billion | -18.9% | | Net Profit | HKD 1.201 billion | -12.7% | | Interim Dividend | HKD 42 cents per share | Unchanged | Profit/Loss by Business Segment | Business Segment | H1 2024 Profit/Loss | YoY Change | | :--- | :--- | :--- | | Infrastructure and Environmental | Profit HKD 1.056 billion | -11.6% | | Real Estate | Loss HKD 131 million | Swing to loss | | Consumer Products | Profit HKD 320 million | +150.4% | | Healthcare | Profit HKD 64.77 million | -6.4% | - Looking ahead to the second half of the year, the Group will continue to face challenges from international uncertainties but also sees opportunities, focusing on reform, innovation, and risk control to enhance profitability and optimize its asset structure[23](index=23&type=chunk) [Business Review, Discussion and Analysis](index=10&type=section&id=Business%20Review%2C%20Discussion%20and%20Analysis) This section details the operational performance of the Group's core business segments in H1 2024, noting that the overall decline was mainly due to a high comparison base [Overall Performance](index=10&type=section&id=Overall%20Performance) For the six months ended June 30, 2024, the Group's turnover and profit attributable to shareholders decreased, primarily due to a significant one-off gain in the prior period Overall Financials | Indicator | H1 2024 | YoY Change | | :--- | :--- | :--- | | Turnover | HKD 10.369 billion | -18.9% | | Profit Attributable to Shareholders | HKD 1.201 billion | -12.7% | [Infrastructure and Environmental Business](index=10&type=section&id=Infrastructure%20and%20Environmental%20Business) As the Group's primary profit source, this segment contributed HKD 1.056 billion, accounting for approximately 80.6% of the Group's net business profit - The Infrastructure and Environmental business recorded a profit of **HKD 1.056 billion**, a decrease of 11.6% year-on-year, representing **80.6% of the Group's net business profit**[28](index=28&type=chunk) [Toll Roads/Bridges](index=10&type=section&id=Toll%20Roads%2FBridges) Benefiting from post-pandemic travel recovery and natural traffic growth, the Group's toll roads and the Hangzhou Bay Bridge achieved stable growth in traffic and toll revenue Toll Road/Bridge Performance | Toll Road/Bridge | Net Profit Attributable to the Group | YoY Change | Toll Revenue | YoY Change | Traffic Volume (vehicles) | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Jing-Hu Expressway (Shanghai Section) | HKD 190 million | -0.7% | HKD 281 million | -3.2% | 20.61 million | +2.9% | | Hu-Kun Expressway (Shanghai Section) | HKD 279 million | -4.8% | HKD 445 million | -1.7% | 37.24 million | +3.8% | | Hu-Yu Expressway (Shanghai Section) | HKD 76 million | -15.1% | HKD 243 million | -6.4% | 17.85 million | -4.6% | | Hangzhou Bay Bridge | HKD 106 million | -4.7% | HKD 1.133 billion | -1.2% | 10.26 million | +5.7% | | **Total** | **HKD 651 million** | **-5.0%** | **HKD 2.102 billion** | **-2.2%** | **85.96 million** | **+1.9%** | [Water Services/Clean Energy](index=11&type=section&id=Water%20Services%2FClean%20Energy) This segment was impacted by reduced construction revenue, but operational businesses maintained stable growth, with a focus on strategic regional expansion - **SIIC Environment**: Revenue was **RMB 3.324 billion (-17.3%)** and net profit was **RMB 321 million (-14.8%)**, mainly due to lower construction revenue, while operating income grew 5.9%[32](index=32&type=chunk) - **General Water of China**: Revenue was **HKD 956 million (-10.3%)** with a net profit of **HKD 130 million (-26.5%)**, and it was named one of the "Top 10 Most Influential Enterprises in China's Water Industry" for the 21st consecutive year[34](index=34&type=chunk) - **Canvest Environmental**: Revenue was **HKD 2.130 billion (-28.5%)** and profit attributable to equity holders was **HKD 445 million (-27.1%)**, primarily due to reduced construction revenue as most projects are now operational; the company received a privatization offer[36](index=36&type=chunk) - **SusEnvironment**: Waste intake volume increased by **4.8%** year-on-year, and on-grid electricity generation grew by **3.3%**[37](index=37&type=chunk) [Healthcare Business](index=17&type=section&id=Healthcare%20Business) The healthcare business contributed a profit of HKD 64.77 million, a slight decrease of 6.4% year-on-year, accounting for about 5.0% of the Group's net business profit - Shanghai Pharma, in which the Group holds a 40% stake via a joint venture, recorded revenue of **RMB 139.658 billion (+5.2%)** and a net profit of **RMB 598 million**[43](index=43&type=chunk) [New Frontier Business](index=17&type=section&id=New%20Frontier%20Business) This business, mainly focused on photovoltaic power generation, saw a 6.8% decrease in on-grid electricity due to higher-than-expected power curtailment and equipment failures - Galaxy Energy's 15 photovoltaic power stations generated approximately **519 million kWh** of on-grid electricity, a **6.8% decrease** year-on-year, mainly due to higher-than-expected power curtailment and equipment failures at individual stations[44](index=44&type=chunk) [Real Estate Business](index=17&type=section&id=Real%20Estate%20Business) Affected by the sluggish mainland China property market and a high prior-year base, the real estate business swung from a profit to a loss of HKD 131 million - The real estate business recorded a **loss of HKD 131 million** compared to a profit in the prior period, mainly due to a significant one-off gain by SIIC Development last year[45](index=45&type=chunk) - **SIIC Development**: Reported operating revenue of **RMB 1.029 billion (-70.2%)** and a net loss of **RMB 177 million**, a swing from profit to loss year-on-year[46](index=46&type=chunk) - **SIIC Urban Development**: Turnover increased by **65.8% to HKD 2.981 billion**, but it recorded a loss attributable to shareholders of **HKD 232 million**, mainly due to a decline in the valuation of investment properties[47](index=47&type=chunk) [Consumer Products Business](index=23&type=section&id=Consumer%20Products%20Business) The consumer products business delivered a strong performance, with profit contribution reaching HKD 320 million, a significant increase of 150.4% year-on-year [Tobacco Business](index=23&type=section&id=Tobacco%20Business) Nanyang Tobacco capitalized on post-pandemic market opportunities, achieving double-digit growth in both revenue and profit through market expansion and product mix optimization Tobacco Business Performance | Indicator | H1 2024 | YoY Growth | | :--- | :--- | :--- | | Operating Revenue | HKD 1.093 billion | +68.7% | | Net Profit | HKD 281 million | +173.5% | | Sales Volume | Over 569,000 cases | +185.1% | [Printing Business](index=24&type=section&id=Printing%20Business) Wing Fat Printing benefited from a recovery in tobacco and liquor packaging, recording solid growth in both turnover and net profit through operational efficiencies Printing Business Performance | Indicator | H1 2024 | YoY Growth | | :--- | :--- | :--- | | Turnover | HKD 751 million | +3.7% | | Net Profit | HKD 47.66 million | +63.8% | [Financial Review](index=25&type=section&id=Financial%20Review) This chapter provides an in-depth financial analysis of the Group's H1 2024 performance, covering key metrics, segmental contributions, and financial risk management Key Financial Data | Key Financial Data | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Total Assets | HKD 174.887 billion | HKD 179.312 billion | | Equity Attributable to Owners | HKD 46.280 billion | HKD 46.603 billion | | Net Asset Value Per Share | HKD 42.57 | HKD 42.86 | | Net Gearing Ratio | 71.54% | 66.30% | Profit Contribution by Business (HKD million) | Business Segment | H1 2024 | H1 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Infrastructure and Environmental | 1,056.3 | 1,194.7 | -11.6% | | Real Estate | -130.7 | 101.5 | N/A | | Consumer Products | 320.2 | 127.9 | +150.4% | | Healthcare | 64.8 | 69.2 | -6.4% | - The Board declared an interim dividend of **HKD 42 cents per share**, unchanged from the same period last year, representing an interim dividend payout ratio of 38.0%[73](index=73&type=chunk) - As of June 30, 2024, the Group's total loans amounted to approximately **HKD 60.180 billion**, with sufficient liquidity from bank balances and short-term investments of about HKD 27.284 billion[77](index=77&type=chunk)[82](index=82&type=chunk) [Condensed Consolidated Financial Statements](index=33&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for the six months ended June 30, 2024, as reviewed by the independent auditor, Deloitte [Review Report on the Condensed Consolidated Financial Statements](index=33&type=section&id=Review%20Report%20on%20the%20Condensed%20Consolidated%20Financial%20Statements) The independent auditor, Deloitte Touche Tohmatsu, has reviewed the interim financial information in accordance with Hong Kong Standard on Review Engagements 2410 - **Review Conclusion**: Nothing has come to the auditor's attention that causes them to believe the financial statements are not prepared in all material respects in accordance with HKAS 34[88](index=88&type=chunk) [Condensed Consolidated Statement of Profit or Loss](index=34&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) This statement presents the Group's revenue, costs, expenses, and taxes for the period, resulting in the profit for the period and earnings per share Statement of Profit or Loss Highlights | Item (HKD '000) | H1 2024 (Unaudited) | H1 2023 (Unaudited) | | :--- | :--- | :--- | | Turnover | 10,369,131 | 12,791,180 | | Gross Profit | 3,307,543 | 4,270,016 | | Profit Before Tax | 2,059,388 | 2,930,531 | | Profit for the Period | 1,408,494 | 1,843,908 | | Profit Attributable to Owners of the Company | 1,200,896 | 1,375,697 | | Basic Earnings Per Share (HKD) | 1.105 | 1.265 | [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=35&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This statement builds on the profit for the period by including other comprehensive income items, such as foreign currency translation differences [Condensed Consolidated Statement of Financial Position](index=36&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) This statement provides a snapshot of the Group's financial health by presenting its assets, liabilities, and equity at the end of the reporting period [Condensed Consolidated Statement of Changes in Equity](index=38&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) This statement details the changes in the components of equity attributable to the company's owners and non-controlling interests during the period [Condensed Consolidated Statement of Cash Flows](index=40&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) This statement summarizes the inflows and outflows of cash and cash equivalents from operating, investing, and financing activities during the period [Notes to the Condensed Consolidated Financial Statements](index=42&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed supplementary information for the financial statements, including the basis of preparation, accounting policies, and segmental information - The financial statements are prepared in accordance with **Hong Kong Accounting Standard (HKAS) 34** "Interim Financial Reporting" with no material impact from new HKFRS amendments[101](index=101&type=chunk)[104](index=104&type=chunk) - **Interim Dividend**: The Board resolved to declare a 2024 interim cash dividend of **HKD 42 cents per share**, consistent with the same period in 2023[119](index=119&type=chunk) - **Financial Guarantees**: The Group provided bank credit guarantees totaling approximately **HKD 3.644 billion** for property buyers, associates, and joint ventures[129](index=129&type=chunk) - **Related Party Transactions**: Disclosed transactions with fellow subsidiaries and related parties, and noted that a change of control in the parent company could trigger early repayment clauses for bank credit of approximately **HKD 6.9 billion**[135](index=135&type=chunk) [Other Information](index=55&type=section&id=Other%20Information) This section provides additional corporate information, including major shareholder interests, director changes, employee policies, and corporate governance compliance - **Major Shareholder**: As of June 30, 2024, Shanghai Industrial Investment (Holdings) Company Limited (SIIC) was deemed to hold **686,654,748 shares**, representing approximately **63.16%** of the issued shares[141](index=141&type=chunk) - **Employees**: As of June 30, 2024, the Group had **18,873 employees**[144](index=144&type=chunk) - **Purchase of Securities**: During the period, subsidiary SIIC Urban Development repurchased and cancelled **9,368,000** of its own shares on the Stock Exchange[146](index=146&type=chunk) - **Corporate Governance**: The Company complied with all code provisions of the Corporate Governance Code during the reporting period, and directors adhered to the standard code for securities transactions[145](index=145&type=chunk)

Financial Performance - The unaudited revenue for the first half of 2024 was HKD 10.369 billion, a decrease of 18.9% compared to the same period last year[4]. - Shareholders' profit attributable to the company was HKD 1.201 billion, down 12.7% year-on-year, primarily due to a significant one-time gain recorded by Shanghai Industrial Development Co., Ltd. in the previous year[4]. - The company reported a profit of HKD 1,408,494, a decrease of 23.5% compared to HKD 1,843,908 for the same period last year[34]. - The company recorded a revenue of HKD 751 million, an increase of 3.7% compared to the same period last year, primarily driven by growth in the tobacco packaging and molding businesses[25]. - The company achieved a pre-tax profit of HKD 2,059.39 million, down from HKD 2,930.53 million year-on-year[33]. - The earnings per share (EPS) for the period was HKD 1.105, a decrease from HKD 1.265 in the same period last year[33]. - The overall gross profit margin decreased by 1.5 percentage points compared to the first half of 2023, primarily due to a lower proportion of high-margin real estate projects[58]. Infrastructure and Environmental Business - The infrastructure and environmental business generated a profit of HKD 1.056 billion, impacted by a depreciation in the RMB, representing a decline of 11.6% year-on-year and accounting for approximately 80.6% of the group's net profit[5]. - Net profit from the infrastructure and environmental business was approximately HKD 1.06 billion, accounting for 80.6% of total net profit, down 11.6% year-on-year[56]. - The operating profit for the infrastructure and environmental segment was HKD 3,394,030,000, compared to HKD 2,541,086,000, reflecting an increase of about 33.7%[45]. Toll Roads and Traffic - The total traffic volume and toll revenue from the group's toll roads and bridges showed stable growth, benefiting from increased travel during the Spring Festival and natural growth in traffic flow[6]. - The group's toll roads reported a total net profit of HKD 0.651 billion, a decrease of 5.0% year-on-year, with total toll revenue of HKD 2.102 billion, down 2.2%[7]. - The Shanghai-Nanjing Expressway (Shanghai section) generated a net profit of HKD 0.190 billion, with toll revenue of HKD 0.281 billion, reflecting a decrease of 0.7% in net profit year-on-year[7]. Real Estate Business - The real estate business reported a loss of HKD 131 million, a shift from profit in the same period last year, accounting for negative 10.0% of the group's net profit, primarily due to a significant one-time gain recorded in the previous year[18]. - Shanghai Shihua Development's revenue for the period was RMB 1.029 billion, a year-on-year decline of 70.2%, with a net loss of RMB 177 million, as housing delivery revenue significantly decreased[19]. - The signed contract amount for real estate projects was RMB 240 million, with a signed area of approximately 29,000 square meters, including projects in Shanghai and Quanzhou[20]. - Shanghai Shihua City Development recorded a revenue of HKD 2.981 billion, a year-on-year increase of 65.8%, while the signed contract amount was RMB 2.284 billion, a decrease of 54.4%[21]. Consumer Goods Segment - The consumer goods segment contributed a profit of HKD 320 million, a year-on-year increase of 150.4%, accounting for approximately 24.4% of the group's net profit[22]. - Nanyang Tobacco achieved a revenue of HKD 1.093 billion, a year-on-year growth of 68.7%, with a net profit of HKD 281 million, an increase of 173.5%[23]. - The sales volume for Nanyang Tobacco exceeded 569,000 boxes, a year-on-year increase of 185.1%, reflecting successful market expansion efforts[23]. - The company plans to accelerate the cultivation of innovative tobacco markets and the launch of new products in the second half of the year, focusing on high-quality development and digital application capabilities[24]. Project Development and Expansion - The company plans to continue expanding its water and solid waste business, focusing on key project construction and exploring new investment opportunities in other environmental sectors[8]. - The company secured new projects in Hubei, Shandong, and Guangxi with a total design capacity of 285,000 tons per day, including three significant wastewater treatment projects[9]. - New projects signed during the period involved an investment of approximately RMB 385 million, with a total water treatment capacity of 155,000 tons per day[12]. Financial Structure and Management - The financing structure adjustment has been largely completed, replacing high-interest foreign loans with low-cost domestic RMB fixed-rate loans, optimizing financial costs and risks[9]. - The company will continue to optimize its asset structure and enhance risk management to improve profitability amid ongoing economic uncertainties[26]. - The company plans to enhance market development capabilities and focus on value creation, leveraging management efficiency and technological innovation to support sustainable growth in the green packaging market[26]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.42 per share, consistent with the previous year, to be paid on October 10, 2024[27]. - The interim dividend declared is HKD 0.42 per share, consistent with the interim dividend of HKD 0.42 per share from the previous year, with a payout ratio of 38.0%[60]. Asset and Liability Management - Non-current assets, including investment properties, totaled HKD 101,834,318, down from HKD 104,144,502 at the end of 2023, reflecting a decrease of 2.2%[35]. - Current assets decreased to HKD 73,052,356 from HKD 74,926,581, a decline of 2.5%[35]. - Current liabilities decreased to HKD 41,928,820 from HKD 47,424,656, showing a reduction of 11.5%[36]. - The company's total equity stood at HKD 76,381,706, down from HKD 77,460,103, a decrease of 1.4%[36]. - The company's total liabilities decreased to HKD 56,576,148 from HKD 54,426,853, reflecting an increase of 3.9%[36].