Shenzhen Investment Limited · HKEX:604
Shenzhen Investment — H1 2024 Earnings Presentation
46 slides from Shenzhen Investment's earnings presentation, Nov 21, 2024
Slide 1: Shenzhen Investment 2024 Interim Results
Shenzhen Investment Stock Code 2024 Interim Results August 2024
Slide 2: Contents
contents Results Highlights Business Review Business Plan Appendix 2
Slide 3: Results Highlights
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Slide 4: Key Performance Indicators
Key Performance Indicators Highlight of Profit Sheets（HKD100 million） Key Performance 2024 H1 2023 H1 Changes Indicators Main Revenue Contribution(HKD100 million) Revenue 37.6 60.6 -38% Bus i ne s s Cost of sales -26.7 -39.7 -33% 2024 H1 2023 H1 Changes S e gm e nt Property De cre a se Gross Profit
Slide 5: Financial Management
Financial Management Capital and Financing Bank Loans Cash and cash Asset-Liability Net Gearing equivalents Ratio Ratio (including restricted cash) (excluding advance receipts) HKD 38.43 billion HKD 68.9% 68.3% 11.06 billion Banks Loan and Structure Average Borrowing Cost Short- term 41% HKD 40% Fix
Slide 6: Business Review
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Slide 7: Real Estate Business
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Slide 8: Sales Revenue Booked
Sales Revenue Booked During the period, the revenue booked decreased as most of the pre-sold properties have not yet reached the sales revenue recognition conditions ◆ The Group recorded property sales booked of approximately 54,000 square meters (excluding interests attributable to the major associ
Slide 9: Contracted Sales
Contracted Sales Sales amount Outstanding 6.18 billion RMB Receivables (As of June 30, 2024) (equivalent to 6.80 billion HKD) Sales area is approximately 27.8 billion HKD 239,000 Square meter Expected to be recognized in Zhongshan Bay Front 2024 and 2025 By product 16% By region 30% Shenzhen Sky Par
Slide 10: Summary of Land Reserve
Summary of Land Reserve Land reserves with a building area Distribution by Region By Capacity 6.53 million sqr.m. Building Area * The projects not yet started had a capacity building area of approximately 1.02 million square meters, under construction had a capacity building area of approximately 4.
Slide 11: Operation Business
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Slide 12: Property Investment Business Performed Healthily
Property Investment Business Performed Healthily ◆ Continuous Leasing Efforts: Strengthening Brand and Optimizing Tenant Mix Investment Property Revenue 89% 680 million 70% HKD Shenzhen Holdings Shenzhen Grade A Office Occupancy Rate Occupancy Rate *Data source: Savills ◆ Innovate Operational Models
Slide 13: Operational Business Achieved Breakthrough
Operational Business Achieved Breakthrough Property Management Business Revenue HKD1.47billion Gross Profit Margin 16.7% Increase 3% period-on-period Increase 3.1 percentage points period-on-period Top 100 Property Service Enterprises Top State-Owned Property Management Companies China 2024 (No. 15)
Slide 14: Operational Business Achieved Breakthrough
Operational Business Achieved Breakthrough Contracted GFA 92.29 million ㎡ GFA under management 89.21 million ㎡ ◆ The property management company is making its Independent Third-party Project inaugural entry into the Contribution ratio 79% city of Shantou Undertaking urban property management service
Slide 15: Operational Business Achieved Breakthrough
Operational Business Achieved Breakthrough ◆ Shenzhen Women ◆ Shenzhen UpperHills and Children Tower Ranked first on the Shenzhen Popular Culture During the period, mall foot traffic exceeded 10 million, sales reached 2.1 billion and Art List yuan, and 18 new brand flagship stores were signed ◆ Zhon
Slide 16: Operational Business Achieved Breakthrough
Operational Business Achieved Breakthrough Six Hotels Owned by the Group Revenue recorded during the period (under other operating segments) 210 million HKD, remain stable Mandarin Oriental Shenzhen Suzhou Marriott Holiday Inn Resort Chaohu Hot MUJI Hotel in UpperHills Awarded five-star rating by Fo
Slide 17: Innovative Business
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Slide 18: Innovative Business Takes Another Step Forward
Innovative Business Takes Another Step Forward ◆ High-tech Agriculture ◆ Advanced Manufacturing ◆ Industry Scale Continues to Expand ◆ Jinghua Company made new breakthroughs in respect of its • Continuous Expansion of High-tech Agricultural Industry Scale technology research and development. Mass pr
Slide 19: ESG
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Slide 20: Excellent performance in ESG
Excellent performance in ESG E-Environmental Responsibility Published environmental, Set clear goals of carbon emissions, energy usage, water resources and waste usage as well as the goal of social and governance green building ·Carbon emissions/energy consumption: Reduce carbon emissions intensity
Slide 21: Business Plan
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Slide 22: Focus on the Present and Operate Steadily
01 Focus on the Present and Operate Steadily 22
Slide 23: Promote the Solid Development of Real Estate Business
Promote the Solid Development of Real Estate Business Making all-out Efforts to Promote Sales Turnover Take Further Steps to Expand Resources In a Prudent Manner • Based on sales plan, the major projects for sale will mainly be • Balance stable operation and long-term development, focus on inter
Slide 24: Promote the Solid Development of Real Estate Business
Promote the Solid Development of Real Estate Business Continue to Improve the Quality Control System • Make a reasonable development schedule to ensure the completion and • Improve customer services on the basis of conducting in-depth registration of its major projects, including Bay Front, Park M
Slide 25: Build and Develop Urban Integrated Operation Brand
Build and Develop Urban Integrated Operation Brand Shum Yip Operations will continue to expand its business footprint • Shum Yip Operations will continue to expand its business footprint and improve the market expansion system in an active manner, with a view to achieving a management scale of ove
Slide 26: Build and Develop Urban Integrated Operation Brand
Build and Develop Urban Integrated Operation Brand Commercial Operations Hotel Management • Leveraging the business opportunities brought about by the commissioning of the Shenzhen-Zhongshan Link, the Group will speed up the development of “water street”, the commercial component of Bay Front, g
Slide 27: Adopt Multi-Pronged Measures to Maintain Stable Rental Income
Adopt Multi-Pronged Measures to Maintain Stable Rental Income • The Group will continue to strengthen asset operation and management and efficiency enhancement so as to maintain stable rental income Operational Properties Owned by the Group • Proactively seek changes in traditional park leasing an
Slide 28: Transform for Long-Term Development
02 Transform for Long- Term Development 28
Slide 29: High-Quality Transformation
High-Quality Transformation The road to high-quality transformation is imperative. We Technology will maintain our strategic focus Industry during transformation, work out Investment Service long-term goals, systematically consider the organic synergies Transformation Mainly focused on among our exi
Slide 30: Transitioning Towards Urban Asset Management and Integrated Operations
Transitioning Towards Urban Asset Management and Integrated Operations Property Operation Commercial Operation Urban Asset Management • Benchmark against leading enterprises in • Further hone core competence in commercial operation, • Timely increase investment in urban asset the industry, exp
Slide 31: Transform Towards Technology Industry Investment Service
Transform Towards Technology Industry Investment Service ⚫ State-owned capital shall be concentrated in forward-looking strategic emerging industries ⚫ The hi-tech agriculture business and the advanced manufacturing businesses that we are developing are in line with the policy direction with positiv
Slide 32: Raise Risk Awareness
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Slide 33: Maintain Sustainable and Steady Operation
Maintain Sustainable and Steady Operation 01 02 Manage new Resolutely liquidating investments and existing assets, promoting capital expenditures sales collection and the align with income release of supervised funds, to facilitate rapid cash recovery 03 04 05 Enhancing risk awareness Enhancing prof
Slide 34: Conclusion
Conclusion Despite the complexity and challenges in the current market environment, the Group will continue to forge ahead with firm confidence and great efforts, improve the speed, quality and efficiency of each work, strive to create a new situation of high- quality development, and make new contr
Slide 35: Appendix
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Slide 36: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss 1H2023 1H2024 HKD’ million HKD’ million Revenue 6,058 3,757 Gross profit 2,083 1,086 Overall gross profit margin (%) 34% 29% Change in fair value of investment properties 276 (27) Change in fair value of financial assets (78) 8 Share of profits from jointly-c
Slide 37: Balance Sheet
Balance Sheet 31 December 2023 30 June 2024 HKD’ million HKD’ million Net assets (after non-controlling interests) 42,338 40,092 Total assets 174,413 173,078 Total liabilities 126,933 127,954 Cash (including restricted cash) 14,443 11,059 Bank loans and other borrowings 39,039 38,434 Amount due to d
Slide 38: Property Sales Booked in 1H2024
Property Sales Booked in 1H2024 Net Sales Property Name Type City Booked Area RMB’000 Shum Yip Natural City Residential Shenzhen 5,651 174,368 Shum Yip Cloud Center Residential Shenzhen 4,399 168,565 Taifu Square Apartment Shenzhen 230 8,978 Innovative industrial UpperHills Shenzhen 533 32,576 build
Slide 39: Property Sales Booked in 1H2024 (Continued)
Property Sales Booked in 1H2024 (Continued) Booked Net Sales Property Name Type City Area/Parking Space RMB’000 Nanhu Rose Bay Residential Wuhan 7,368 121,767 Shum Yip Huafu Garden Commercial Changzhou 138 1,781 Splendid City Commercial Taizhou 97 1,147 Jiangyin Shum Yip Technology Plant Wuxi 816 3,
Slide 40: Contracted Sales in 1H2024
Contracted Sales in 1H2024 Sales Area Sales ** Property Name * City Type (sq.m.) (RMB’000) Shum Yip Cloud Center Shenzhen Residential 29,057 544,868 Shum Yip Upper Coast Shenzhen Residential 683 61,590 Shum Yip Tairui Mansion Shenzhen Residential 13,506 617,957 UpperHills Shenzhen Industrial R&D, of
Slide 41: Contracted Sales in 1H2024 (Continued)
Contracted Sales in 1H2024 (Continued) Sales Area Sales ** Property Name * City Type (sq.m.) (RMB’000) Garden Hills Huizhou Residential 5,964 47,688 Wanlin Lake Huizhou Residential 330 644 Oujing City Dongguan Parking space 36 590 Residential, Bay Front Zhongshan 17,909 384,190 apartment Parkview Ga
Slide 42: Contracted Sales in 1H2024 (Continued)
Contracted Sales in 1H2024 (Continued) Sales Area Sales ** Property Name * City Type (sq.m.) (RMB’000) Shum Yip Dongyue Mansion Chengdu Residential 2,440 38,561 Qingbaijiang Shum Yip Taifu Square Chengdu Residential 9,482 68,589 Commercial, Nanhu Rose Bay Wuhan 10,104 181,848 parking space Jiangyin
Slide 43: Land Bank
Land Bank Total GFA Area Province City (sq.m.) Proportion Shenzhen 1,726,474 26.4% Guangzhou 237,002 3.6% Zhongshan 1,639,149 25.1% Guangdong Huizhou 609,569 9.3% Dongguan 12,727 0.2% Foshan 58,538 0.9% Hong Kong SAR Tuen Mun 43,938 0.7% Shanghai Shanghai 189,131 2.9% Hefei 55,451 0.8% Anhui Ma’ansh
Slide 44: New Construction Projects in 1H2024
New Construction Projects in 1H2024 New Construction Project Name City Type Area (sq.m.’000) Changsha Luxiyunjing Phase 2 Changsha Commercial 43 Zhongshan G29 (Vanke Shum Yip Yiwan Zhongshan Residential 67 Garden Phase 2) Zhongshan Bay Front Phase 2 (F36, 28 Zhongshan Commercial 108 Water Street Com
Slide 45: New Completed Projects in 1H2024
New Completed Projects in 1H2024 New Construction Project Name City Type Area (sq.m.’000) Guangzhou Shum Yip Scenery Bay Guangzhou Residential 189 Phase 1 Zhongshan Bay Front Project Phase 1 Zhongshan Commercial 9 (F34 Detached Office 4-9#) Zhongshan Bay Front Project Phase 1 Zhongshan Commercial 15
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