Shenzhen Holdings (00604) had contract sales of about 2,924 billion yuan in the second quarter

Zhitong Finance App News, Shenzhen Holdings (00604) announced major business developments for the second quarter of 2026:

Commercial operation business

The opening of a new business cluster unlocks a new model of integration. On June 26, Shenye Bay Zhongshangcheng Commercial and Magic World IP Park officially opened. Innovate to create a “business+theme park” cultural, commercial and tourism integration model, and land on a 20,000 square meter international IP indoor complex, bringing together the world's top IPs such as Barbie, Transformers, and Snoopy, to support the three major theme parks and exclusive theme hotels. Zhongshangcheng in Shenye Bay introduced two first stores in mainland China and more than 10 first stores in Zhongshan, covering various business formats such as trendy retail, specialty restaurants, and parent-child experiences. Improve the commercial strategic layout of the Greater Bay Area and accumulate mature practical experience for standardized export of Shenzhen's commercial product lines from other places.

A new cross-border consumption hub in the Luozi Bay Area to create a two-city symbiotic commercial complex. Shenzhen Commercial Management successfully acquired the Hetao Central Business Center, close to the new Huanggang Port, expanding the new “business+park+port” smart life integration model between Shenzhen and Hong Kong, promoting exchanges and resource integration between Shenzhen and Hong Kong, and creating the first stop for cross-border exchanges between Shenzhen and Hong Kong. The commercial landscape has been further expanded, and the brand's influence continues to grow.

Our ability to operate commercial projects has been repeatedly recognized by the market and institutions. With excellent commercial operations, forward-looking reform strategies, and remarkable urban empowerment value, Shenzhen Industrial Uptown was selected for the “2026 Outstanding Comprehensive Strength Performance in Retail Business” list by the Authoritative Industry Organization Opinion Index with its comprehensive advantages in multiple dimensions such as operation, brand, management, and innovation. Mandarin Oriental was selected in the “Travel+Leisure” Global 500 (only 7 Mandarin Oriental companies in the world), ranking 34th in the world and 6th in Asia.

Property operation business

Operational development continues to make breakthroughs, and public circuit construction has made a lot of money. In the second quarter of 2026, Shenzhen's net operating contract area was about 2.191,000 square meters, and the net expansion contract amount reached RMB 443 million, continuously consolidating its regional market advantage. The public construction sector accounts for more than 90% of the expansion. It successfully won the bid for iconic high-quality public buildings such as Shenzhen Xinhuanggang Port, the Shenzhen Railway Public Security Department's Railway Protection Joint Defense Special Service, the Navy's Shanghai Naval Shore Service Department, and the 966 Hospital of the Joint Security Department. It continues to deepen the port service circuit and consolidate the professional capabilities of the medical industry and military logistics services.

Real estate development business

Sales elimination is progressing steadily. Key regional projects in Shenzhen (such as Yiyuefu, Tairuifu, etc.) are holding and selling well, while projects in Nanjing, Shanghai and Chengdu have also performed well. In the second quarter of 2026, the Group's unaudited contract sales were about RMB 2,924 million, and the contract sales area was about 138,400 square meters, up 8.6% from the previous quarter.

Quality delivery of project construction. The Group strictly controls engineering nodes to ensure high-quality delivery and completion of projects. In the second quarter, the Group's Yiyuefu (Phase II) project was successfully completed and registered as scheduled. In total, the Group has completed a number of phased completion and filing involving 7 projects, with a construction area of about 485,000 square meters, and continues to provide high-quality products to the market.

Shenzhen Holdings will continue to accelerate the construction of a new development model, actively promote the transformation of its main business into a “real estate asset management and integrated urban operation service provider” in accordance with the development vision of “an innovative builder in industrial cities and an operator for people's livelihood”, and is committed to building a business portfolio that is resistant to cycles and can provide long-term stable cash flow and performance contributions.