On November 1, Shoucheng Holdings (0697.HK) announced financial results for the third quarter. In the first three quarters, Shoucheng Holdings achieved revenue of HK$0.935 billion, up 42% year on year; gross profit of HK$0.429 billion, up 49% year on year. In addition to continuing to be deeply involved in main businesses such as parking, park management, and REITs, Shoucheng Holdings also continues to strengthen its moat in the field of equity investment.
At the beginning of this year, the Beijing Robotics Industry Development Investment Fund with a target size of 10 billion yuan was launched. As one of the managers of the industry fund, Shoucheng Capital has completed the first batch of project funding, covering various segments such as physical intelligence, brain-computer interfaces, bionic robots, medical robots, etc. The investment targets include the humanoid robot company Matsuban Power, quantum precision sensing quasi-unicorn non-magnetic technology, and Guangdong 10 Robotics, a leading intelligent cold chain logistics robot company.
At the 2024 World Robotics Conference in August, all of these investee companies appeared, showcasing the latest scientific and technological achievements. Through this fund, Shoucheng Holdings not only injected capital vitality into the robotics industry, but also established a diversified investment layout, further consolidating its leading position in the industry and creating a “new engine” for future growth.
For a long time, Shoucheng Holdings has invested in various high-tech fields such as technological innovation, robotics, new materials, and new energy vehicles through its first venture capital. In October of this year, Horizon, a company invested by First Capital, a subsidiary of First Journey Holdings, was successfully listed on the Hong Kong Stock Exchange and set a record for the largest technology IPO project in Hong Kong stocks during the year, once again confirming Shoucheng Holdings' precise vision and exit strategy in the field of cutting-edge technology. The ideal automobile project previously invested in, is conservatively estimated by Shoucheng Holdings to have achieved several times the return when Ideal Auto was launched in 2020, making it a classic investment case in the industry.
In the future, Shoucheng Holdings' investment portfolio will be more diversified with the support of the 10 billion robot fund. As the invested companies perform more brilliantly in the capital market, these potential stocks are expected to become the next ideal car, bring rich equity returns to Shicheng Holdings, and further free up room for revenue and profit growth.