shenzhen int'l (stock code: 00152.HK) announced its interim financial report on June 30, 2024, showing that the company's operating income was HKD 6.61 billion, a 4% decrease from the same period last year. The attributable profit to shareholders increased by 609% to approximately HKD 0.653 billion, mainly benefited from the placement of the Huaxia Shenzhen International Warehousing and Logistics Closed-end Infrastructure Securities Investment Fund (the "Huaxia Shenzhen International REIT"), recording a post-tax income of approximately HKD 0.587 billion, and a substantial decrease in exchange losses. The operating profit was approximately HKD 1.686 billion, a 20% decrease from the same period last year, mainly due to a fair value loss of approximately HKD 0.209 billion on the logistics project, and the impact of increased operating costs compared...Show More

shenzhen int'l (stock code: 00152.HK) announced its interim financial report on June 30, 2024, showing that the company's operating income was HKD 6.61 billion, a 4% decrease from the same period last year. The attributable profit to shareholders increased by 609% to approximately HKD 0.653 billion, mainly benefited from the placement of the Huaxia Shenzhen International Warehousing and Logistics Closed-end Infrastructure Securities Investment Fund (the "Huaxia Shenzhen International REIT"), recording a post-tax income of approximately HKD 0.587 billion, and a substantial decrease in exchange losses. The operating profit was approximately HKD 1.686 billion, a 20% decrease from the same period last year, mainly due to a fair value loss of approximately HKD 0.209 billion on the logistics project, and the impact of increased operating costs compared to the previous year due to the nurturing phase of the newly operational logistics port projects. In terms of logistics business, the revenue was approximately HKD 0.882 billion, a 5% decrease from the same period last year. The attributable profit to shareholders increased by 34% to approximately HKD 0.527 billion from the same period last year, mainly benefited from the successful placement of the Hangzhou Phase I project and the Guizhou Longli project into the Huaxia Shenzhen International REIT, confirming income for the group.