Shanghai Industrial (HKG:0363) saw a 13% decline in attributable profit in the first half of 2025 to HK$1.04 billion from HK$1.2 billion in the year-ago period, a Thursday filing with the Hong Kong bourse said.

Earnings per share stood at HK$0.958 in the interim period, down from HK$1.105 in the corresponding period of the last year.

Revenue fell 8.6% to HK$9.48 billion in the six months from HK$10.4 billion a year prior.

The firm attributed the lower profit and revenue to a decline in booked sales from property delivery in the real estate business, as well as substantial provisions for the impairment of real estate inventory and a decrease in the fair value of investment properties.

The company declared an interim dividend of HK$0.42 per share, payable Oct. 15 to shareholders of record on Sept. 26.