Shandong High-Tech Holdings Co., Ltd. (Shanghai High-Tech Holdings) released its interim results today (August 30). The announcement shows that the company achieved operating revenue of approximately HK$3.074 billion in the first half of 2023, with industrial investment assets reaching HK$50.364 billion, accounting for approximately 75.37% of total assets. Overall, Shandong High-Tech Holdings recorded a profit of approximately HK$486 million from its industrial investments.
In the first half of the year, amidst increased financial market volatility due to tightening monetary policies in major global economies, Shandong High-Tech Holdings aimed for steady development, focusing on investing in and operating new energy assets with long-term value. It strengthened its risk control measures, solidified its business foundation, sought strategic investment opportunities, and continuously enhanced its internal growth momentum.
Since acquiring Shandong High-Tech New Energy (1250.HK) last year, Shandong High-Tech Holdings has actively explored the “transportation + new energy” business model, continuously enriching wind and solar new energy application scenarios, building a green integrated smart energy brand, and fully leveraging the advantages of its industrial investment holding platform. It actively researches and deploys investment opportunities in the upstream and downstream industrial chains of new energy, connecting acquired companies with high-quality industrial resources in specific segments, and building a mutually beneficial industrial synergy network by establishing strategic partnerships with leading companies in the energy industry. In February of this year, Shandong High-Tech New Energy was included in the Hang Seng Composite Index, and subsequently, in March, it was officially included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, reflecting the capital market’s full affirmation of the development quality of Shandong High-Tech New Energy.
Shandong High-Tech Holdings stated that in the future, based on its medium- and long-term strategic transformation plan, it will continue to optimize its asset allocation and organizational structure, focusing on industrial investment, supplemented by standardized and non-standardized investments, to achieve long-term asset appreciation while maintaining ample short-term liquidity. In terms of investment direction, it will continue to focus on the two strategic emerging industries of new energy and new infrastructure, carefully selecting investment targets with good growth potential, high strategic synergy, and a certain market scale, steadily increasing the proportion of industrial investment, and continuously amplifying the industrial synergy with the main business of its controlling shareholder, Shandong High-Tech Group, to form core competitiveness for the future.
(Source: Zhitong Finance)
