Shenzhen Investment Holdings Limited has announced its key operational developments for the second quarter of 2026. A new commercial cluster has been launched, introducing an innovative integrated model. On June 26th, the Shenye Bay Zhongshang City commercial complex and the Magic World IP theme park officially opened. This initiative pioneered the "commercial + theme park" cultural-tourism-commerce integration model, establishing a 20,000-square-meter international IP indoor complex. It brings together globally renowned IPs such as Barbie, Transformers, and Snoopy, featuring three major theme parks and a dedicated themed hotel. Shenye Bay Zhongshang City introduced two first-in-China stores and over ten first-in-Zhongshan stores, covering diverse formats including trendy retail, specialty dining, and family entertainment. This project enhances the strategic commercial layout in the Greater Bay Area and accumulates practical experience for the standardized replication of the Shenye commercial product line in other locations. The company is establishing a new cross-border consumption hub in the Bay Area, creating a dual-city symbiotic commercial complex. Shenye Commercial Management successfully secured the Hedao Central Commercial Center, adjacent to the new Huanggang Port. This expands the "commercial + park + port" integrated model for smart living across Shenzhen and Hong Kong, fostering exchanges and resource integration between the two cities and aiming to create the premier stop for cross-border interaction. The commercial portfolio is further expanding, with brand influence continuously rising. The operational strength of its commercial projects has repeatedly gained recognition from the market and institutions. Shenye Shang City was selected for the authoritative industry index "2026 Outstanding Performance in Retail Commercial Comprehensive Strength" by Viewpoint Index, recognized for its excellent commercial operations, forward-looking adjustment strategies, significant urban value contribution, and comprehensive strengths across operations, brand, management, and innovation. The Mandarin Oriental Hotel was listed among the "Travel+Leisure World's 500 Best" (only 7 Mandarin Oriental hotels globally were selected), ranking 34th globally and 6th in Asia.
Property Operations Business
Operational expansion continues to achieve breakthroughs, with significant gains in the public infrastructure segment. In Q2 2026, Shenye Operations achieved net expansion of contracted area of approximately 2.191 million square meters, with a net expansion contract value reaching RMB 443 million, continuously solidifying its regional market advantage. Public infrastructure projects accounted for over 90% of the expansions. The company successfully won bids for several landmark, high-quality public property projects, including the new Shenzhen Huanggang Port, the special railway protection service for the Shenzhen Railway Public Security Department, the Naval Shanghai Ship Shore Logistics Department, and the 966 Hospital of the Joint Logistics Support Force. This deepens its focus on the port services sector and reinforces its professional capabilities in medical formats and military logistics services.
Property Development Business
Sales progress is advancing steadily. Key projects in the Shenzhen region, such as Yiyuefu and Tairuifu, are maintaining good sales momentum. Projects located in Nanjing, Shanghai, and Chengdu are also performing well. For the second quarter of 2026, the Group's unaudited contract sales amounted to approximately RMB 2.924 billion, with a contract sales area of about 138,400 square meters, representing an 8.6% increase compared to the previous quarter.
Project construction and delivery are ensuring quality. The Group strictly controls project milestones to ensure high-quality delivery and completion. In the second quarter, the Yiyuefu (Phase II) project was successfully completed and obtained its completion acceptance filing as scheduled. The Group completed the filing for several phases across a total of 7 projects, with a total construction area of approximately 485,000 square meters, continuing to supply the market with high-quality products.
Shenzhen Investment will continue to accelerate the establishment of a new development model. Aligned with its development vision of being an "innovative builder of industry-city integration and an operator of well-being for the people," the company is actively promoting the transformation of its core business towards becoming a "real estate asset manager and comprehensive urban operations service provider." It is committed to building a business portfolio with strong anti-cyclical attributes, capable of providing long-term, stable cash flow and performance contributions.