SDHG (00412) released its interim results for the six months ended June 30, 2024, and the Group achieved revenue...
According to the Zhongtong Finance APP, SDHG (00412) released its interim results for the six months ended June 30, 2024, and the group achieved revenue of HKD 3.069 billion, a decrease of 0.2% year-on-year. Gross profit was HKD 1.562 billion, down 6.05% year-on-year. The net loss attributable to shareholders of the company was HKD 0.394 billion, with a loss per share of 6.54 HK cents.
In response to the continued fluctuations in international and domestic markets, the Group actively followed the policy direction of vigorously promoting the construction of the modern industrial system, comprehensively implemented the new development concept, dug deep into investments in emerging industries, and continued to promote the strategic transformation towards becoming an excellent industry-holding group. It is steadfast in its efforts to achieve the annual operational target. In terms of industrial investment business, the Group firmly grasps the principle of "growth and certainty", seizes the layout opportunities of the emerging industry track, and has already formed an industrial holding platform mainly engaged in new energy and new infrastructure through the acquisition of SDHS New Energy Group Co., Ltd. (SDHSNE) and strategic investment in 21Vianet (VNET.US). As of June 30, 2024, the Group's total asset scale was approximately HKD 78.84 billion, of which the scale of investment in emerging industries was approximately HKD 58.06 billion, accounting for 73.6% of the total asset scale. The Group comprehensively manages post-investment to enable rapid development of its subsidiaries from the aspects of finance, resources, branding, and mechanism. Meanwhile, it strengthens the management standardization construction in accordance with the standardized legal person governance structure and state-owned assets supervision requirements, enhances the competitiveness of enterprises, and improves long-term development value. In terms of other investment business, the Group actively responds to changes in market environment, enhances risk awareness and bottom-line thinking, strengthens risk prevention, prudently carries out traditional investment businesses, and strictly controls investment risks brought by market volatility. At the same time, the Group orderly carries out the disposal of stock risk assets, and is committed to maximizing the protection of the company's interests, and forging a healthy, sustainable, and high-quality development path.
In terms of industrial investment business, the Group firmly grasps the principles of 'growth and certainty', seizes the first-mover advantage in the layout of emerging industries, and has formed an industrial holding platform with 'new energy + new infrastructure' as its main business by controlling and acquiring SDHS New Energy Group Co., Ltd. (SDHS New Energy) (01250) and strategically investing in 21Vianet (21Vianet) (VNET.US). As of June 30, 2024, the Group's total assets amounted to approximately HKD 78.84 billion, with the scale of investment assets in emerging industries reaching approximately HKD 58.06 billion, accounting for 73.6% of the total asset scale. The Group coordinates and manages post-investment matters well. On the one hand, it empowers its subsidiary companies for rapid development in terms of funds, resources, brands, mechanisms, and other aspects. On the other hand, it strengthens the management norms and enhances the long-term development value by following standardized corporate governance structure and state-owned assets regulatory requirements.
In response to the changing market environment, the Group enhances its risk awareness and bottom-line thinking, strengthens its risk prevention, cautiously conducts traditional investment business, and strictly controls the investment risks brought by market fluctuations. At the same time, the Group is actively disposing of existing risk assets to maximize the protection of the company's interests and to explore a healthy, sustainable and high-quality development path.