Shenzhen Investment Limited (SZI, stock code: 604.HK) disclosed its main business progress for the third quarter of 2025. The Group spotlighted continued property renovations, robust urban operation capabilities, steady real estate development sales, and advancements in technology industry investment services.
Property renovations and upgrades progressed with enhancements at the UpperHills commercial complex, including asset updates to its cinema zone. A new concept garden, 「The Gardens,」 is set to integrate international dining with high-end cinema functions, aiming to launch early next year.
Comprehensive urban operation business demonstrated strong brand recognition. Shum Yip Operations received honors such as the 「2025 China Property Service Quality Leading Brand」 and 「Outstanding Industrial Property Service Brand in China 2025.」 UpperHills introduced Shenzhen’s first in-town duty-free store, combining duty-free, tax-refund, and taxable operations under a diversified model. Thirteen Fortune 500 companies have settled in UpperHills’ office building, and Mo Bar at Mandarin Oriental Shenzhen was selected among 「Asia’s 50 Best Bars」 for the first time. The hotel also earned a spot in 「2025 Global MICHELIN Key Hotels.」
Commercial expansion accelerated with Shum Yip Commercial Management winning the Huafu Village Project in a partnership with a Shenzhen state-owned enterprise, marking the initial community commercial venture under 「Shum Yip-Shiji.」 The commercial project at Huangmugang Metro Hub is slated to open in the fourth quarter. Shum Yip Operations won bids for multiple property service ventures, including those with Shenzhen Longhua District People’s Court and Industrial Bank Quanzhou Branch, further extending into specialized greening services.
Real estate development business registered unaudited contracted sales of approximately RMB3.025 billion in the third quarter and RMB9.838 billion in the first three quarters of 2025, a 24.0% year-on-year increase. Contracted sales area totaled about 428,242 square meters, up 36.3% year-on-year, with an average selling price of roughly RMB22,973 per square meter. Several key projects, including Shenzhen Shum Yip Upper Coast and Shum Yip Luxury Mansion, were delivered during the period.
Technology industry investment services also performed positively. Jinghua Company made progress in expanding client partnerships while refining production capabilities. Modern agriculture operations showed increased efficiency, with agricultural product sales rising more than 160% year-on-year. The agri-tourism project Dapeng · Seasons Coastal Countryside drew about 60,000 visitors and was recognized as a 「Shenzhen Child-Friendly Practice Base.」
SZI indicated a continued focus on urban asset management, integrated operations, and technology industry investment services, aiming to facilitate the Group’s high-quality development going forward.