Our Businesses

Real estate business comprises property development and property investment, featuring both residential and commercial properties. Presently, real estate assets mainly include (1) the Hong Kong-listed SI Urban Development (563 HKSE) and (2) the Shanghai-listed SI Development (600748 SSE) located in Shanghai. Landbank resources cover the coastal region of eastern China, areas along the Yangtze River, the Yangtze River Delta, the Bohai Rim, as well as second- and third-tiered cities in central and western China. Total landbank was 4.76 million square meters. Capitalizing on the relatively low-cost land resources and prime-quality management and operations teams, The Company's real estate business has demonstrated considerable potential for appreciation and profitability. SIHL will closely follow policies and market trends, revitalize existing assets, further strengthen its overall risk management and promote healthy, stable and quality development.

Shanghai Industrial Development Co., Ltd. (Stock code 600748 SSE)

http://www.sidlgroup.com

SIHL holds 48.60% equity interest in SI Development, a company listed in the A-share market in Shanghai. Shanghai Industrial Development Co., Ltd.  (600748 SSE) recorded revenue of RMB9.855 billion during the year, representing a growth of 87.8% year-on-year. Net profit amounted to RMB129 million, representing an increase of 5.2%. During the year, the total contract amount reached RMB551 million, and the villa project Shanghai Bay (Phase 5) in Qingpu, Shanghai, was sold out in the first half of the year.

SI Development’s Diaoyutai Hotel Qingdao and MGM Hotel Qingdao officially opened in June and has become the Company's flagship hotel operation project. The occupancy rate of the serviced-apartment in Jiading has reached 95%, and the serviced-apartment project in Gucun, Baoshan was put into trial operation. In terms of property management services, the area under management exceeded 30 million square meters for the first time.

Shanghai Industrial Urban Development Group Co. Ltd. (“SIUD”, stock code: 563 HKSE)

http://www.siud.com

SIHL holds 43.12% equity interest in SI Urban Development. SIUD(563 HKSE) recorded a turnover of HK$7.954 billion during the Year, declining by 27.8% compared with last year. Profit attributable to shareholders was HK$495 million, representing a year-on-year increase of 21.6%. The increase in profit was mainly attributable to the delivery of residential properties with higher gross profit margins during the year. The contracted value was RMB8.229 billion throughout the year, increasing by 4.1% when compared with last year. The projects mainly include “Originally” in Xi'an, and University Project in Tianjin, and others. Rental income for the year was approximately HK$773 million.

Major Development Properties