Shanghai Industrial Holdings (363) H1 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2026 was HK$8,805 million, down 7.1% year-over-year, mainly due to lower property and tobacco sales.

• Net profit attributable to owners rose 1.6% to HK$1,058 million, aided by a lower impairment provision in real estate compared to last year.

• Interim dividend of HK42 cents per share declared, unchanged from the prior year.

Financial highlights

• Gross profit margin increased by 8.1 percentage points year-over-year, reflecting a lower provision for real estate inventory impairment.

• Profit before tax was HK$1,244 million, up from HK$1,165 million in the prior year.

• Basic and diluted EPS were HK$0.973, compared to HK$0.958 last year.

• Equity attributable to owners reached HK$51,674 million as of 30 June 2026.

Outlook and guidance

• Management expects continued macroeconomic uncertainty and will focus on prudent operations and environmental health as a core growth driver.

• Infrastructure and environmental protection will pursue high-potential projects and M&A, while real estate will focus on asset revitalization and inventory destocking.

• Consumer products will accelerate digital transformation and cost control to enhance competitiveness.