Core Viewpoint - Shanghai Industrial Holdings (00363.HK) reported a decline in revenue and profit for the first half of 2025, primarily due to reduced sales in the real estate sector and significant provisions for inventory impairment and fair value losses on investment properties [1] Group 1: Financial Performance - The company achieved a revenue of HKD 9.476 billion, a decrease of 8.6% year-on-year [1] - Profit attributable to shareholders was HKD 1.042 billion, down 13.2% compared to the previous year [1] - The board declared an interim dividend of HKD 0.42 per share, with a payout ratio of 43.8% [1] Group 2: Business Segments - The infrastructure and environmental protection business saw a profit decline of 11.6% to HKD 933 million, accounting for approximately 92.2% of the company's net profit [1] - The real estate segment reported a loss attributable to shareholders of HKD 492 million, mainly due to reduced gross profit from property sales [2] - The health sector recorded a profit of HKD 141 million, an increase of 118.4%, representing about 14.0% of the company's net profit [2] - The consumer goods segment, specifically Nanyang Tobacco, achieved revenue of HKD 1.273 billion, a year-on-year increase of 16.4%, with a net profit of HKD 337 million, up 20.0% [2] Group 3: Strategic Initiatives - The company is focusing on reform and innovation, accelerating the upgrade and transformation of its main businesses, and optimizing asset and business layout [1] - The company is responding to national policy directions by concentrating on water treatment and resource utilization, aiming to expand market share in the water and environmental industry [1] - The chairman emphasized the commitment to innovation-driven development and enhancing risk management to improve profitability [3]

Investment Rating - The investment rating for Shanghai Industrial Holdings (00363.HK) is "Outperform the Market" [4][6][23]. Core Views - The real estate segment has negatively impacted both revenue and profit, with a 8.6% year-on-year decline in revenue to HKD 9.476 billion and a 13.2% drop in net profit to HKD 1.042 billion for the first half of 2025. This decline is attributed to reduced sales from property handovers and significant provisions for inventory impairment and fair value losses on investment properties [1][7]. - The infrastructure and environmental segment reported a revenue of HKD 4.433 billion, down 3% year-on-year, with net profit decreasing by 11.6% to HKD 933 million, primarily due to the impact of the Hangzhou Bay Bridge's exclusion from the financials and a loss from the sale of Yuefeng [2][12]. - The consumer and health segment showed positive growth, with revenue increasing by 11% to HKD 1.9 billion and net profit rising by 26% to HKD 433 million, driven by strong performance in the tobacco business and a one-time gain in the health sector [3][13]. Summary by Sections Real Estate - Revenue for the real estate segment was HKD 3.143 billion, a decrease of 23.2% year-on-year, with net losses expanding to HKD 465 million due to impairment provisions. The losses from Shanghai Industrial Development and Shanghai Urban Development were HKD 754 million and HKD 492 million, respectively [2][12]. Infrastructure and Environmental - The infrastructure segment's revenue was HKD 4.433 billion, down 3%, with net profit at HKD 933 million, a decline of 11.6%. The highway segment performed better, with a revenue increase of 5.1% to HKD 1.019 billion and a slight net profit increase of 0.5% to HKD 548 million [2][12]. Consumer and Health - The consumer segment achieved revenue of HKD 1.9 billion, up 11%, and net profit of HKD 433 million, up 26%. The tobacco business saw a revenue increase of 16.4% to HKD 1.273 billion, with a net profit of HKD 337 million, reflecting a 20% increase [3][13]. Financial Metrics - The company’s financial metrics show a decrease in debt, with interest-bearing liabilities dropping from HKD 59.492 billion to HKD 58.513 billion, and the debt-to-asset ratio decreasing from 53.5% to 51.5%. Financial expenses also fell by 15% to HKD 875 million [20][25]. Dividend Policy - The company maintained its dividend at HKD 0.42 per share, totaling HKD 457 million, with the payout ratio increasing from 38% to 43.8% [20][25]. Profit Forecast - The profit forecast for the company remains unchanged, with expected net profits of HKD 2.934 billion, HKD 3.084 billion, and HKD 3.197 billion for 2025, 2026, and 2027, respectively, reflecting year-on-year growth rates of 4.8%, 4.8%, and 3.7% [4][23].

格隆汇8月29日丨上海实业控股(00363.HK)公告，自2025年8月29日起：(i)张黔获委任为公司独立非执行 董事，以及审核委员会、薪酬委员会及提名委员会委员；(ii)唐嘉盛获委任为公司独立非执行董事，以 及审核委员会、薪酬委员会及提名委员会委员；及(iii)袁天凡获委任为公司薪酬委员会及提名委员会主 席。 ...

Group 1 - The company announced the appointment of Professor Zhang Qian as an independent non-executive director, as well as a member of the audit committee, remuneration committee, and nomination committee, effective from August 29, 2025 [1] - Mr. Tang Jiasheng has been appointed as an independent non-executive director and a member of the audit committee and remuneration committee, effective from August 29, 2025 [1] - Mr. Yuan Tianfan has been appointed as the chairman of the remuneration committee and nomination committee, effective from August 29, 2025 [1]

Group 1 - Shanghai Industrial Holdings (00363) announced the appointment of Professor Zhang Qian as an independent non-executive director, effective from August 29, 2025 [1] - Mr. Tang Jiasheng has also been appointed as an independent non-executive director, along with serving on the audit committee, remuneration committee, and nomination committee [1] - Mr. Yuan Tianfan has been appointed as the chairman of the remuneration committee and nomination committee [1]

（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 | C | C | | 張 | 黔教授 | | | - | M | M | M | | 唐嘉盛先生 | | | | - | M | M | M | 附註: C 董事委員會的主席 M 董事委員會的成員 香港，二零二五年 ...

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） 委任獨立非執行董事 及 董事會委員會委員變更 董事會謹此公佈，自二零二五年八月二十九日起： 上海實業控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」） 謹此公佈如下變動： 張黔教授（「張教授」）的委任 張教授已確認其符合《香港聯合交易所有限公司證券上市規則》（「《上市規則》」）第3.13 條所載之獨立性指引。 張教授自二零二五年八月二十九日起獲委任為本公司獨立非執行董事。 張教授之簡歷 張教授，52 歲，現為香港科技大學騰訊工程學教授、綜合系統與設計學部主任、計算機科學 及工程學系講座教授。彼同時兼任微軟亞洲研究院-香港科技大學教育部聯合實驗室和香港科 技大學數字生活研究中心主任，以及華為-香港科技大學聯合實驗室聯席主任。張教授於武漢 大學獲得計算機科學理學學士、理學碩士和工學博士學位。彼現為香港工程院院士及國際電 1 (i) 張 ...

Group 1 - The company reported a revenue of HKD 9.476 billion for the six months ending June 30, 2025, representing a year-on-year decrease of 8.61% [1] - The profit attributable to shareholders was HKD 1.042 billion, down 13.25% compared to the previous year [1] - Earnings per share were HKD 0.958, with an interim dividend proposed at HKD 0.42 per share [1] Group 2 - The decline in revenue and profit was primarily due to reduced sales from the real estate business and significant provisions for inventory impairment and fair value decreases in investment properties [1] - The company is actively responding to challenges posed by a complex external environment by seizing national policy opportunities and optimizing its industrial layout [1] - The toll road business continues to provide stable cash flow for the company [1] Group 3 - Looking ahead to the second half of 2025, the company acknowledges the uncertain economic outlook due to ongoing international geopolitical tensions and rising trade unilateralism [2] - The company plans to adhere to a prudent management philosophy and an innovation-driven development strategy, focusing on transforming and upgrading its main businesses [2] - The company aims to enhance its comprehensive risk management system and improve profitability while optimizing its asset structure to strengthen core competitiveness and deliver sustainable value to shareholders [2]

Group 1 - The company reported a revenue of HKD 9.476 billion for the six months ending June 30, 2025, representing a year-on-year decrease of 8.61% [1] - The profit attributable to shareholders was HKD 1.042 billion, down 13.25% compared to the previous year [1] - Earnings per share were HKD 0.958, with an interim dividend proposed at HKD 0.42 per share [1] Group 2 - The decline in revenue and profit was primarily due to reduced sales from the real estate business and significant provisions for inventory impairment and fair value decreases of investment properties [1] - The company is actively responding to challenges by seizing national policy opportunities and optimizing its industrial layout to enhance operational efficiency [1] - The toll road business continues to provide stable cash flow for the company [1] Group 3 - Looking ahead to the second half of 2025, the company acknowledges the uncertain economic outlook due to international geopolitical tensions and rising trade unilateralism [2] - The company plans to adhere to a prudent management philosophy and an innovation-driven development strategy, focusing on transforming and upgrading its main businesses [2] - There will be an emphasis on strengthening the comprehensive risk management system to enhance profitability and optimizing asset structure to improve core competitiveness [2]

格隆汇8月28日丨上海实业控股(00363.HK)发布公告，截至2025年6月30日止六个月，集团的未经审核营 业额为94.76亿港元，同比下跌8.6%；股东应占溢利录得10.42亿港元，同比下跌13.2%，收入和盈利下 跌主要分别由于房地产业务交楼结转销售较去年同期减少，以及房地产存货跌价计提大额拨备及投资物 业公允值减少。董事会决议派发2025年中期股息每股42港仙。 ...