Shenzhen International (00152) releases annual performance, with shareholders' net profit of HK$2.249 billion, a decrease of 21.69% year-on-year.

Shenzhen International (00152) announced its annual performance for the year ending December 31, 2025, with a group revenue of HK$16.345 billion, representing a year-on-year growth of 4.98%; the attributable profit to shareholders was HK$2.249 billion, down by 21.69% year-on-year; basic earnings per share was HK$0.93; and the final dividend was HK$0.46 per share. In terms of logistics business, the revenue for the year was approximately HK$2.031 billion, an increase of 11% compared to the same period last year, mainly due to the gradual operation of several logistics port projects in the Guangdong-Hong Kong-Macao Greater Bay Area. Shareholders suffered a loss of approximately HK$55.84 million, mainly due to the lack of income from the "investment-construction-management" business model for the logistics port projects and the high initial operating costs of some new projects still in the incubation period. As of December 31, 2025, the Group had a presence in 42 cities nationwide, managing and operating 59 logistics port projects with a total operating area of approximately 7.54 million square meters, and an overall rental occupancy rate of about 87% for mature logistics parks. In the transformation and upgrade of logistics park business, the revenue for the year was approximately HK$160 million, up by 35% compared to the same period last year, mainly benefiting from the continuous improvement of the leasing situation in the office section of the Deep International South China Digital Valley. Shareholders enjoyed a profit of approximately HK$2.607 billion, up by 11% compared to the same period last year, primarily due to the confirmation of post-tax income of approximately HK$2.933 billion from land preparation in the Deep International South China logistics park. In the port and related services business, the revenue for the year was approximately HK$4.059 billion, up by 13% compared to the same period last year, mainly driven by the growth in revenue from port supply chain business. Shareholders suffered a profit decline of approximately 35% year-on-year, to about HK$39.35 million, mainly due to increased competition in the port industry putting pressure on profit margins, combined with new operational projects still in the incubation stage, and increased depreciation and amortization costs of fixed assets.