Shenzhen Investment Limited · HKEX:604
Shenzhen Investment — H1 2025 Earnings Presentation
44 slides from Shenzhen Investment's earnings presentation, August 2025
Slide 1: Shenzhen Investment 2025 Interim Results
Shenzhen Investment 2025 Interim Results August 2025
Slide 2: Contents
Results Highlights CONTENTS Business Review Business Plan Transformation Roadmap Appendix 2
Slide 3: Results Highlights
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Slide 4: Results Highlights
Results Highlights Highlight of Profit Sheets（HKD100 million） Main Revenue Contribution(HKD100 million) Key performance Bus i ne s s 2025 H1 2024 H1 Changes 2025 H1 2024 H1 Cha nge s Indicators S e gm e nt Property 74.6 10.2 +633.5% Revenue 103.5 37.6 +175.5% Development Property 15.9 14.7 +8.3% Man
Slide 5: Financial Management
Financial Management Capital 37.19 billion 10.35 billion 68.1% 73.0% (Unit: HKD) Cash and cash equivalents Asset-Liability Ratio Total Bank and Net Gearing Ratio (including restricted cash) (excluding advance receipts) Other Borrowings Bank Loans Structure Average Borrowing Cost ⚫ Successfully arran
Slide 6: Business Review
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Slide 7: Real Estate Business Met Expectations
01 Real Estate Business Met Expectations 7
Slide 8: Sales Revenue Booked
Sales Revenue Booked 2025 H1 property sales revenue booked Main Projects Increase 633% year-on-year HKD 7.46 billion 2025 H1 property sales area booked Increase 439% year-on-year 292,485 square meters Gross profit margin Shum Yip Park Mansion, Shenzhen, Guangming Parkview Garden, Zhongshan 13.8% Sal
Slide 9: Contracted Sales
Contracted Sales H1 Contracted sales amount Main Projects Increase 10% year-on-year HKD 7.4 billion H1 Contracted Sales Area Increase 26% 300,000 Square meters year-on-year Average price per square meter RMB22,751 per square meter Shum Yip Natural City, Shenzhen, Pingshan Shum Yip Luxury Mansion, Sh
Slide 10: Land Reserves
Land Reserves ⚫ Land Expansion 6.03 million Total Land Reserve GFA • A land contract was signed for the south land plot of Phase II of the First Renewal Unit in Chegongmiao, which officially entered development phase square meters • Covering a total area of 28,000 square meters, capacity building ar
Slide 11: Property Rental Business Operated in a Steady Manner
02 Property Rental Business Operated in a Steady Manner 11
Slide 12: Steady Operation of Property Rental Business
Steady Operation of Property Rental Business Amid intensifying commercial competition and lasting office market downturn, the Group focuses on renovating and upgrading old properties to enhance asset value and rental income ⚫ Sign approximately 70 new branded tenants in the commercial sector HKD650
Slide 13: Urban Integrated Operation Business Progressed Steadily
03 Urban Integrated Operation Business Progressed Steadily 13
Slide 14: Comprehensive Strength in Property Operations Improved Steadily
Comprehensive Strength in Property Operations Improved Steadily Property Management Business Business revenue HKD1.59 billion Operational GFA: 105.85 million m² 8% YoY growth Net expansion of 3.11 million m² in H1 2025 Property Management Urban Coverage Expansion • Ma'anshan Zhengpugang New District
Slide 15: Prominent Commercial Operation Brand Effect
Prominent Commercial Operation Brand Effect Launched a new "3+X" commercial product line strategy Building "Mall + Park + Cultural-Sports-Tourism" IP Shum Yip Upperhills Tanglang City Women and Children Tower City Flagship Commerce TOD Better Life Complex National Child - Friendly Space Model • Spar
Slide 16: Progressive Expansion of Hotel Operation
Progressive Expansion of Hotel Operation Hotel Business Performance Hotel Operation Scale Hotel Business Revenue Gross profit margin Hotels in operation or management Hotels under construction or planning (Under other operating segment) HKD210 million 22.9% 8 9 3% YoY growth 8.7pp YoY growth Other O
Slide 17: Technology Industry Investment Business Advanced in an Orderly Manner
04 Technology Industry Investment Business Advanced in an Orderly Manner 17
Slide 18: Technology Industry Investment Business Advanced in an Orderly Manner
Technology Industry Investment Business Advanced in an Orderly Manner Advanced Manufacturing Efficiency Modern Agriculture Business Revenue Ongoing Enhancement of “Promotion- Improved Generation Achieves Breakthrough Investment Linkage” for Parks Jinghua Company Performance Growth Revenue Growth "Pr
Slide 19: Corporate Governance Improved in both Quality and Efficiency
05 Corporate Governance Improved in both Quality and Efficiency 19
Slide 20: Corporate Governance Improved in both Quality and Efficiency
Corporate Governance Improved in both Quality and Efficiency ⚫ Institutional system has been ⚫ ESG performance remained outstanding further strengthened The Group maintained its rating of A from MSCI ESG, and received a rating of A from 2025 Wind ESG • A series of regulations have been revised and i
Slide 21: Impact of Associates
Impact of Associates ➢ The Group significantly increased its revenue and maintained the 01 stability of its core business in general by adopting a series of effective measures ➢ Loss of associates and joint ventures, impairment provisions causing material negative impact on the Group ➢ The Group had
Slide 22: Business Plan
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Slide 23: Accelerate Real Estate Sales De-stocking and Booked
Accelerate Real Estate Sales De-stocking and Booked Segmented Strategies for Sales De-stocking Ensure Delivery and Accelerate Revenue Booked Sold but unrecognized amount HKD30.4 billion (As of June 30, 2025) Expected recognition in 2025 and 2026 Shum Yip Natural City Shum Yip Dongling Tairui Mansion
Slide 24: Strengthen the Management of Real Estate Assets
Strengthen the Management of Real Estate Assets Strengthen the investment operation and efficiency enhancement of leasing properties, and take various measures to safeguard the stability of rental income Increase Investment Promotion and Lease Renewal Efforts, to Enhance Project 01 Competitiveness •
Slide 25: Strengthen the Integrated Urban Operations Business
Strengthen the Integrated Urban Operations Business Further expand scale, strengthen operations and optimize services to build the second growth curve of the Group’s performance In terms of property operation 僑香村-迴圈經濟示範項目 • Expand scale and drive resource aggregation through bidding, joint venture
Slide 26: Actively Promote the Landing of Strategic Resources; Strengthen Financial Risk Management
Actively Promote the Landing Strengthen Financial Risk of Strategic Resources Management and Control Actively and steadily push forward Continue to reduce scale of offshore debts interest integration and urban renewal projects 01 • Promote the Bagualing Area 6-1 project, the Shangbu Industrial Zon
Slide 27: Transformation Roadmap
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Slide 28: Shenzhen Investment Strategic Transformation
Shenzhen Investment Strategic Transformation Business Foundation System Reconstruction Operational Business Continue to improve Key Revenue reached asset quality and Performance service delivery Progressively Reduce the Proportion HKD5 billion Support of Development Business capabilities Real Estate
Slide 29: Enhance the Scale of Real Estate Management
Enhance the Scale of Real Estate Management Expand the Scale of Asset Management Revenue from asset management ➢ Currently holds over 1.70 million square meters of prime Revenue from asset and integrated management and integrated operations of real properties (covering multiple sectors such as comme
Slide 30: Strengthen the Operation and Management of Real Estates
Strengthen the Operation and Management of Real Estates Operations are ultimately about creating value through service; when we deliver offerings that customers love and are willing to pay for, revenue follows. Deliver High-Quality Services and Establish a Competitive Real Estate Operation and Manag
Slide 31: Build a Closed Loop of Real Estate Capital
Build a Closed Loop of Real Estate Capital Building a closed loop of real estate capital, enhancing the efficiency of capital circulation, and improving asset operating income Full-cycle Asset Management System Investment Exit Investment Management Financing Development • Carry out the management of
Slide 32: Build Investment and Service Capabilities in the Technology Sector
Build Investment and Service Capabilities in the Technology Sector Industrial Space Technology Services Investment and Incubation Focus more on technology Deeply involve in the industrial By aligning with the parent company’s sector and develop specialized ecosystem where customers technology resour
Slide 33: Support System and Outlook
Support System and Outlook Over the next five years, as our transformation strategy Enhance takes deeper hold, revenue from real-estate asset organizational effectiveness management and integrated operations will progressively Optimize become the Group’s core earnings pillars, the full-cycle Busines
Slide 34: Appendix
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Slide 35: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss 1H2025 1H2024 HKD’million HKD’million Revenue 10,350 3,757 Gross profit 1,773 1,086 Overall gross profit margin (%) 17% 29% Change in fair value of investment properties (100) (27) Change in fair value of financial assets 1 8 Share of profits from jointly-con
Slide 36: Balance Sheet
Balance Sheet 30 June 2025 31 December 2024 HKD’million HKD’million Net assets (after non-controlling interests) 36,764 38,550 Total assets 167,828 171,170 Total liabilities 124,084 125,850 Cash (including restricted cash) 10,352 11,800 Bank loans and other borrowings 37,189 37,365 Amount due to dir
Slide 37: Property Sales Booked in 1H2025
Property Sales Booked in 1H2025 Net Sales Property Name Type City Booked Area RMB’000 Shum Yip Park Mansion Shenzhen Residential 44,560 1,803,293 Shum Yip Natural City Shenzhen Residential 26,404 643,946 Shum Yip Cloud Center Shenzhen Residential 16,928 501,382 Apartment/ Taifu Square Shenzhen 9,181
Slide 38: Property Sales Booked in 1H2025 (Continued)
Property Sales Booked in 1H2025 (Continued) Net Sales Property Name Type City Booked Area RMB’000 Upper Life Nanjing Residential/ commercial 805 13,368 Residential/ ancillary Heron Mansion Changsha 259 3,204 office Shum Yip Tairong Mansion Chengdu Residential 36,896 701,778 Shum Yip Dongyue Mansion
Slide 39: Contracted Sales in 1H2025
Contracted Sales in 1H2025* Sales Area Sales Property Name City Type (sq.m.) (RMB’000) Shum Yip Luxury Mansion Shenzhen Residential 25,271 1,698,417 Shum Yip Natural City Shenzhen Residential 37,260 1,011,802 Shum Yip Cloud Center Shenzhen Residential 17,048 546,890 Tairui Mansion Shenzhen Residenti
Slide 40: Contracted Sales in 1H2025 (Continued)
Contracted Sales in 1H2025 (Continued) Sales Area Sales Property Name City Type (sq.m.) (RMB’000) Gaobangshan No. 1 Huizhou Residential 18,798 141,788 Garden Hills Huizhou Residential 12,303 79,994 Wanlin Huafu Huizhou Residential 3,969 43,361 Wanlin Lake Huizhou Residential 1,678 9,676 Residential,
Slide 41: Contracted Sales in 1H2025 (Continued)
Contracted Sales in 1H2025 (Continued) Sales Area Sales Property Name City Type (sq.m.) (RMB’000) Shum Yip Hua City Chengdu Residential 112 1,580 Shum Yip Yihu Rose Garden Chengdu Commercial 34 114 Commercial, parking Nanhu Rose Bay Wuhan 11,658 150,049 space Jiangyin Shum Yip Technology Wuxi Indust
Slide 42: New Construction Projects in 1H2025
New Construction Projects in 1H2025 New Construction Area Project Name City Type (sq.m.’000) Phase 1 of the First Urban Renewal Unit in Shenzhen Commercial services 207 Chegongmiao Tairan Industrial Zone Wuhan Shum Yip Cuiwei Valley Phase 1 Wuhan Residential 163 Total 370 42
Slide 43: New Completed Projects in 1H2025
New Completed Projects in 1H2025 New Completed Area Project Name City Type (sq.m.’000) Longgang Shum Yip Chuangzhi Building Shenzhen Industrial 51 Entire Phase Zhongshan G29 Phase 1 Zhongshan Residential 75 Bay Front Project Phase 1 (Residential Zhongshan Residential 49 F26/3) Nanwan Mansion Phase 2
Slide 44: Thanks!
HE z THANKS!