On August 29, Shandong Hi-Speed ​​Group Holdings Limited (00412.HK) released its interim report, stating that in the first half of 2022, the group achieved double-digit growth in both revenue and profit. Revenue reached HK$1.2 billion, a 1.25-fold increase compared to the same period in 2021; profit reached HK$300 million, a 16% increase compared to the same period in 2021; and as of June 2022, the group’s total assets reached HK$77.65 billion, a 2.38-fold increase compared to the end of 2021. The group stated that its business growth was mainly driven by industrial investment.

According to the group’s development strategy, Shandong Hi-Speed ​​Group Holdings Limited is committed to becoming an excellent industrial holding group. It focuses on strategic emerging industries such as new energy and new technologies, carefully selecting high-quality investment targets with strategic and industrial synergies and strong growth potential that align with its controlling shareholder, Shandong Hi-Speed ​​Group, and continuously and steadily increasing the proportion of industrial investment. In May of this year, the group completed the acquisition of 43.45% of the shares of Shandong High Energy Technology Co., Ltd. (1250.HK), becoming the controlling shareholder of Shandong High Energy Technology Co., Ltd. (1250.HK) and indirectly becoming the largest single shareholder of Beijing Qingyuan Energy Co., Ltd. (000803.SZ). This allows the group to quickly enter the new energy industry chain and is expected to obtain stable and considerable investment returns under the “dual carbon” strategy.