Dear Non-registered Shareholder (Note 1), Shenzhen Investment Limited (the "Company") – Notification of publication of 2025 Interim Report ("Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www.shenzheninvestment.com (click "Investors Relations" and then "Annual Reports/Interim Reports" or "Announcement") and the website of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk. You may access th ...

(Incorporated in Hong Kong with limited liability) （Stock Code 股份代號：00604） （於香港註冊成立之有限公司） NOTIFICATION LETTER 通知信函 Dear Shareholder, 25 September 2025 Shenzhen Investment Limited (the "Company") – Notification of publication of 2025 Interim Report ("Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www.shenzheninvestment.com (the "Website Version") and the website of The Stock Exchange of Hong Kong Li ...

（於香港註冊成立之有限公司） （股份代號：00604） 二零二五年九月二十五日 各位新股東： 選擇公司通訊之語言版本及收取方式 根據香港聯合交易所有限公司證券上市規則及深圳控股有限公司（「本公司」）的組織章程細則，本 公司現向 閣下提供下列選項，以供選擇收取日後本公司之公司通訊（「公司通訊」），此乃包括本公司發 出或將發出以供其任何證券持有人參照或採取行動的任何文件，包括但不限於(a)董事會報告、年度賬目 連同核數師報告及財務摘要報告（如適用）；(b)中期報告及中期摘要報告（如適用）；(c)會議通告；(d)上市 文件；(e)通函；及(f)代表委任表格。 倘本公司於二零二五年十月二十三日或之前尚未收到 閣下已填妥的回條或表示反對收取公司通 訊的網上版本的回覆，及直至 閣下透過股份過戶處向本公司發出合理的事先書面通知（不少於7日）或 以電郵方式發送至shenzhen604-ecom@vistra.com前，則 閣下將被視為已同意收取公司通訊的網上版 本，而本公司日後將向 閣下發送已在本公司網站刊發的公司通訊的通知。 閣下有權隨時向本公司發出合理的事先書面通知（不少於7日）（發送至上述地址的股份過戶處 或以電郵方式 ...

Financial Performance - The company achieved a revenue of HKD 10.35 billion in the first half of 2025, representing a year-on-year increase of 175%[5] - Gross profit reached HKD 1.77 billion, up 63% year-on-year, with a gross margin of 17%, down approximately 12 percentage points compared to the same period last year[5] - The company reported a loss attributable to equity shareholders of HKD 2.62 billion, which, when excluding certain impacts, adjusted to a loss of HKD 490 million[23] - The company reported a mid-term loss of HKD 2,618,042,000 for the six months ended June 30, 2025, compared to a loss of HKD 1,101,144,000 for the same period in 2024, indicating a significant increase in losses[67] - Total comprehensive income for the six months ended June 30, 2025, was HKD (1,786,071,000), down from HKD (1,622,390,000) in 2024, reflecting a decline in overall financial performance[69] - The company reported a net loss before tax of HKD 1,906,874 for the six months ended June 30, 2025, compared to a loss of HKD 945,851 in 2024, reflecting a deterioration in financial performance[113] Revenue Sources - The real estate segment recorded contracted sales of approximately RMB 6.8 billion (about HKD 7.4 billion), a 10% increase year-on-year, despite a 5.5% decline in national new home sales[6] - The company’s property management revenue was approximately HKD 1.59 billion, an 8% increase year-on-year, with a total operational area expanding by 3.11 million square meters[8] - Hotel operations generated revenue of approximately HKD 210 million, a 3% increase year-on-year, with the company managing or operating a total of 8 hotels[9] - The advanced manufacturing segment saw revenue and net profit increase by 27% and 106% respectively year-on-year[10] - Revenue from property sales amounted to HKD 7,463,987 for the six months ended June 30, 2025, compared to HKD 1,017,626 in 2024, indicating a growth of about 634%[112] Asset Management and Investments - The company currently holds over 1.7 million square meters of quality properties, with flagship projects like Bay New Town Water Street and Tai Ran New Era expected to contribute to revenue and profit in the next three years[19] - The company plans to develop a real estate fund management business to optimize asset allocation and investment efficiency, enhancing capital recycling efficiency[20] - The group’s investment properties had a total area of approximately 1.734 million square meters, with a fair value of about HKD 33.5 billion as of June 30, 2025[39] - The company recognized property sales of approximately 292,489 square meters, a significant increase of about 439% year-on-year, generating sales revenue of approximately RMB 6.88 billion (equivalent to about HKD 7.46 billion)[24] Debt and Financial Management - The company successfully restructured HKD 4 billion in syndicated loans, reducing HKD 700 million in Hong Kong dollar liabilities[11] - The company maintained an asset-liability ratio of 68.1% after excluding advance receipts[11] - The group reported a net debt ratio of 73.0% as of June 30, 2025, compared to 66.3% at the end of 2024[49] - The group has sufficient financial resources to meet its debt obligations as they come due[94] - The average effective interest rate for bank and other borrowings is 3.58% for the six months ended June 30, 2025, down from 3.98% for the same period in 2024[151] Operational Strategies - The company will focus on "stabilizing performance" in the second half of the year, aiming to complete all tasks and stabilize core performance amidst intensified market competition[13] - The company plans to accelerate real estate sales and optimize inventory structure through targeted marketing strategies, aiming for a successful launch of five new projects[13] - The company aims to reduce the proportion of development business and expand real estate management scale, enhancing operational service capabilities over the next five years[18] - The company is focusing on optimizing organizational structure to support its transformation strategy and enhance operational efficiency[22] Market and Competitive Environment - The group operates primarily in China and is exposed to significant risks related to political, economic, and legal environments, as well as market competition[87] - The group faces various financial risks, including market risk (currency, interest rate, and price risks), credit risk, and liquidity risk[89] Corporate Governance and Compliance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange rules, with a temporary deviation regarding the separation of the roles of Chairman and CEO[187] - The company has confirmed compliance with the required standards of the code of conduct for securities transactions by directors during the period from January 1, 2025, to June 30, 2025[188] Future Outlook - The company will enhance property management by providing high-quality services tailored to different customer types, aiming to improve rental returns and operational efficiency[19] - The company is committed to building a technology industry investment service capability, focusing on creating specialized technology-themed parks and enhancing operational efficiency through digitalization[21] - The company will actively promote strategic resource landing and urban renewal projects to expand market share and ensure orderly release of existing resources[15]

盘面上，业绩预升、芯片、房地产、培养钻石等板块涨幅居前，电机制造、旅游、消费电子、贵金属等板块跌幅居前。 半导体设备板块出现涨停潮，长川科技"20cm"两连板，张江高科、洪田股份盘中涨停，华海清科、微导纳米、矽电股份、上海新阳、盛美上海、京仪装 备、拓荆科技等均涨超10%。 销售旺季房地产利好政策不断 房地产股早间集体走强，板块指数盘初一度放量直线拉升涨逾3%。深振业Ａ开盘仅约2分钟就垂直涨停，股价创年内新高，云南城投、渝开发、上海临 港、张江高科等也纷纷直线涨停，并创阶段性新高。 | 分时 | 多日 1分 5分 15分 30分 60分 日 周 月 更多 | | | | | F9 盘前盘后 叠加 九转 画线 工具 ◎ 2 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 9.27 | 00006 深振业 A 11:30 价 9.27 涨跌 0.84(9.96%) 均价 9.12 成交量 50 成交金额 5万 | | | | | 2025/09/24 | 9.96% | | | | | | | | Win.日人气榜 第811名 | | | 8.85 ...

Group 1: Real Estate Sector Performance - Real estate stocks experienced a collective surge, with the sector index rising over 3% at the start of trading, and several stocks hitting their daily limit up [2][3] - Various cities have introduced favorable policies for the real estate market, including easing purchase restrictions and providing subsidies, particularly in the context of the "Golden September and Silver October" sales season [2][3] - The Guangxi region has initiated a housing subsidy policy with a total funding of 120 million yuan, aimed at promoting the purchase of new residential properties [3] Group 2: Semiconductor Equipment and Pre-Increase Stocks - Semiconductor equipment stocks saw a significant increase, with Longchuan Technology hitting its daily limit for two consecutive days, and other companies like Zhangjiang Hi-Tech and Hongtian Co. also reaching their daily limits [1][4] - Pre-increase stocks surged, with the index rising over 10% and trading volume increasing dramatically from 1.2 billion yuan to over 10 billion yuan in half a day [4] - Brother Technology announced a projected net profit of 100 million to 115 million yuan for the first three quarters of 2025, representing a year-on-year increase of 207.32% to 253.42% due to rising prices of certain vitamin products and improved production efficiency [4][5]

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8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: | 深圳控股有限公司 | | | 呈交日期: | 2025年9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 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) | 00604 | 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 | | | 8,898,793,115 | | | 0 | | 8,898,793,115 | | 增加 ...

Major Events - Sihuan Pharmaceutical Holdings Group Ltd. successfully administered the first human dose of the new radiopharmaceutical conjugate drug 3D1015 [1] - Shenzhen International's joint venture Shenzhen Airlines plans to raise a total of 16 billion yuan in a phased capital increase [1] - Kangzheng Pharmaceutical received clinical trial approval for its innovative oral small molecule JAK1 inhibitor Povorcitinib for indications of vitiligo and suppurative hidradenitis [1] - Ruihe Digital signed a framework agreement with Tielin Superlight Technology to jointly advance the business of real-world asset tokenization [1] - Zhongxu Future will operate and launch a new mobile game "Miracle MU" titled "New Moon Continent" [1] Financial Performance - Noah Holdings reported a net profit attributable to shareholders of 179 million yuan for Q2, a year-on-year increase of 79% driven by strong growth in investment product distribution [1] - Trip.com Group reported a net profit of 4.846 billion yuan for Q2, an increase of 26.43% year-on-year [1] - Shijiazhuang Pharmaceutical Group announced a mid-year profit attributable to equity holders of approximately 283.5 million HKD, a year-on-year decrease of about 58.7% [1] - Zhongsheng Holdings reported a mid-year profit attributable to shareholders of 1.011 billion yuan, a decrease of 36% year-on-year [1] - SF Express City reported an adjusted net profit of approximately 160 million yuan, a year-on-year increase of 139% [1] - Baidu's subsidiary reported a mid-year profit attributable to shareholders of 47.999 million yuan, returning to profitability [1] - Li Auto reported a net profit of 1.093 billion yuan for Q2, a decrease of 0.91% year-on-year [1] - Shanghai Industrial Holdings reported a mid-year profit attributable to shareholders of 1.042 billion HKD, with an interim dividend of 0.42 HKD per share [1] - Beijing Holdings reported a mid-year profit attributable to shareholders of 3.404 billion yuan, an increase of 8.07% year-on-year [1] - Qingdao Port reported a net profit of 2.842 billion yuan, a year-on-year increase of 7.58% [1] - New China Life Insurance reported a net profit of 14.799 billion yuan, a year-on-year increase of 33.5% [1] - China Galaxy Securities reported a net profit of 6.488 billion yuan, a year-on-year increase of 47.86% [1] - China Taiping reported a 12.2% increase in shareholder profit, with a nearly 23% high growth in life insurance new business value [1] - China Resources Gas reported a mid-year profit attributable to shareholders of 2.403 billion HKD, a year-on-year decrease of 30.5% [1] - SF Holding reported a net profit of 5.738 billion yuan, a year-on-year increase of 19.37%, with volume growth exceeding the overall express delivery industry [1] - SMIC reported a net profit of approximately 320 million USD, a year-on-year increase of 35.6% [1] - SenseTime reported a revenue growth of 35.6% year-on-year, reaching 2.358 billion yuan [1] - BeiGene reported a net profit of 95.59 million USD, returning to profitability [1] - Fubo Group reported a mid-year net profit exceeding 100 million, driven by AI [1] - CITIC Securities reported a net profit of 13.719 billion yuan, a year-on-year increase of 29.79% [1] - Huadian International Power reported a net profit of 3.904 billion yuan, a year-on-year increase of 13.15% [1] Additional Financial Performance - Zhou Hei Ya reported a mid-year profit attributable to shareholders of 108 million yuan, a year-on-year increase of 228% [2] - Haitian Flavoring reported a net profit of 3.91 billion yuan, a year-on-year increase of 13.3% [2] - Dasheng Holdings reported a mid-year adjusted net profit growth of 79.6% driven by store expansion and membership growth [2] - CITIC Securities reported a net profit of 4.509 billion yuan, a year-on-year increase of 57.77% [2] - Huitongda reported a mid-year profit attributable to shareholders of 13.9 million yuan, a year-on-year increase of 10.81% [2] - Yunfeng Financial reported a mid-year profit attributable to shareholders of 486 million HKD, a year-on-year increase of 142.04% [2] - Jiufang Zhitu reported a mid-year profit attributable to shareholders of 865 million yuan, returning to profitability [2] - Air China reported a net loss of approximately 1.806 billion yuan, a year-on-year narrowing of 35.11% [2] - ZTE reported a net profit of approximately 5.058 billion yuan, a year-on-year decrease of 11.77% [2] - China Merchants Securities reported a net profit of 5.186 billion yuan, a year-on-year increase of 9.23% [2] - Datang Power reported a net profit of approximately 4.874 billion yuan, a year-on-year increase of 50.3% [2] - China Pacific Insurance reported a net profit of 27.885 billion yuan, a year-on-year increase of 11% [2] - Beijing Capital International Airport reported a post-tax loss of 164 million yuan, a year-on-year narrowing of 56.48% [2] - Dongguan Rural Commercial Bank reported a mid-year net profit of 2.629 billion yuan [2] - Shenzhen Holdings reported a mid-year loss attributable to shareholders of 2.618 billion HKD, a year-on-year increase of 137.76% [2] - China Southern Airlines reported a net loss of 1.534 billion yuan, a year-on-year increase of 45.54% [2] - COSCO Shipping Holdings reported a profit attributable to shareholders of 17.528 billion yuan, a year-on-year increase of 3.9% [2] - Guofu Hydrogen Energy reported revenue of 10.9 million yuan, actively expanding overseas cooperation and business layout [2] - Kangsheng Global reported a mid-year gross profit of 197 million yuan, with stable progress across all businesses [2] - Dongfang Electric reported a net profit of 1.91 billion yuan, a year-on-year increase of 12.91%, maintaining the industry's leading market share in nuclear and gas power [2] - Eagle Eye Technology reported a profit of 443,000 yuan, returning to profitability [2] - Haier Smart Home reported a profit attributable to shareholders of 12.033 billion yuan, a year-on-year increase of 15.6% [2] - EDA Group Holdings reached a partnership agreement with UTCPAY to collaborate in digital asset trading, Web3 technology, and blockchain applications [2] - Gilead Sciences reported that ASC30 oral tablets showed good and differentiated pharmacokinetic characteristics in the U.S. Phase Ib multi-dose escalation study [2]

Core Viewpoint - Shenzhen Holdings (00604.HK) reported a significant increase in revenue for the first half of 2025, but faced substantial losses due to various adverse factors affecting profitability [1] Financial Performance - The group achieved a revenue of HKD 10.35 billion, representing a year-on-year increase of 175% [1] - Gross profit reached HKD 1.77 billion, with an overall gross margin of 17.1% [1] - Operating profit was recorded at HKD 700 million [1] Losses and Adverse Factors - The company reported a loss attributable to equity shareholders of HKD 2.62 billion due to declining gross margins, losses from joint ventures, significant asset impairment provisions, and increased tax expenses [1] - Excluding the net impact of fair value changes of investment properties and financial assets, inventory impairment provisions, joint venture performance, and provisions, the adjusted loss attributable to equity shareholders was HKD 490 million [1]

Core Viewpoint - Shenzhen Holdings (00604) reported a significant increase in revenue but faced substantial losses attributed to various adverse factors [1] Financial Performance - The company achieved revenue of HKD 10.35 billion, representing a year-on-year increase of 175.49% [1] - The loss attributable to equity shareholders was HKD 2.618 billion, an increase of 137.76% year-on-year [1] - The loss per share was HKD 0.2942 [1] Contributing Factors - The increase in losses was due to a decline in gross margin, losses from joint ventures, significant asset impairment provisions, and rising income tax expenses [1] - Excluding the net impact of fair value changes of investment properties and financial assets, inventory impairment, joint venture performance, and provisions, the loss attributable to equity shareholders would be HKD 490 million [1]