Summary by Futu AI
Shishin Industrial Co., Ltd. announced its mid-term performance report for 2024, showing a 5.1% year-on-year increase in revenue, while EBITDA decreased by 0.7% annually. The income from the commercial business increased by 10.8%, demonstrating the initial effectiveness of the strategy optimization in the Liyuan District. Liyuan District in Shanghai has started operating, and 70% of office space has been leased. The Gairulan Mountain Road project is expected to be completed in the second half of 2026. The group maintains a first interim dividend of HKD 0.27 per share. As of the six months ended June 30, 2024, the group's shareholders' equity decreased by 0.6%, and the net asset value per share decreased by 0.6% year-on-year. The board of directors announced the distribution of the first interim dividend of HKD 0.27 per share, which will be distributed in cash.