Shenzhen Investment Limited (SZI) Reports Robust Q1 2026 Business Progress and Recent Developments
Hong Kong, 18 May 2026 – Shenzhen Investment Limited (“SZI”, SEHK: 604.HK) has released its main business progress report for the first quarter of 2026, revealing strong operational achievements, award-winning performance, and significant expansion across key business segments. The company’s unaudited figures and recent accolades position it as a formidable player in the property and commercial operations sector, with several developments likely to be of interest to investors and could be price sensitive.
Key Highlights
- Commercial Operations: SZI’s flagship project, UpperHills, received multiple prestigious industry awards, including the CSVB 2025 “Gold Award for Urban Regional Commercial Benchmark” and “Silver Award for Repositioning Pioneer”. The Mandarin Oriental Hotel at UpperHills was listed among “The 500 Best Hotels in the World” by Travel+Leisure, one of only seven Mandarin Oriental properties globally to be recognized. It also won the “2026 DONG Connection Best Business Hotel” award and maintained its Forbes “Double Five-Star” rating for three consecutive years. Its “The Bay by Chef Fei” restaurant earned a Black Pearl One Diamond award, reinforcing UpperHills’ status as a high-end commercial landmark.
- Traffic & Sales Growth: Large-scale branded events, such as the “Greater Bay Area Flower Show” and the “Spartan Race China Series Opening Race”, drove substantial increases in customer traffic and sales. The 11-day flower show alone attracted over 2.117 million visitors, resulting in RMB191 million in mall sales (up 12% YoY), an 80% surge in sales for park merchants, a 13% increase in retail sales, and double-digit growth in catering revenue. During the May Day holiday, UpperHills saw customer traffic rise 18% and sales increase 10% YoY, further consolidating its market leadership.
- Commercial Ecosystem Expansion: The opening of Gree’s “Dong Mingzhu Health Home” in Shum Yip Taifu International Home Furnishing Square further diversified SZI’s commercial brand matrix.
- Property Operation Business: SZI’s property management arm, Shum Yip Operations, continued to win industry recognition, ranking 13th in the “2026 Top 100 Property Service Companies in China” and being named “China’s Leading Smart City Service Enterprise” for the sixth consecutive year. In Q1 2026, the company achieved a net expansion of contracted area of approximately 6.458 million square meters. Notably, it secured the operation and maintenance contract for the new joint inspection building at Huanggang Port, a key hub for the Greater Bay Area.
- Real Estate Development: Despite challenging market conditions, SZI’s development projects in Shenzhen (Nongke East City, Shum Yip Taifu Square, Tairui Mansion, Luxury Mansion), as well as in Zhongshan, Shanghai, and Chengdu, posted strong sales. Q1 2026 unaudited contracted sales reached approximately RMB3.052 billion with a contracted sales area of about 127,403 sqm. During the May Day holiday, cumulative sales hit RMB500 million, up 18% YoY, underscoring the Group’s brand strength and product competitiveness.
- Project Delivery: High-quality construction and timely project completion remain a focus. Tairui Mansion and the F25 plot of the Bay Front project were delivered as planned in Q1, with several phases across six projects (totaling about 428,000 sqm) completing filings, ensuring a robust pipeline of high-quality assets.
- Strategic Direction: SZI is accelerating its transition towards an urban asset management and integrated operations model, including technology industry investment services, aiming for sustainable, high-quality development.
Potentially Price-Sensitive Information for Shareholders
- Multiple Industry Awards and Global Recognition: These honors enhance the Group’s brand value and market positioning, potentially driving future revenue growth and supporting premium asset valuations.
- Strong Sales Momentum and Traffic Growth: The robust year-on-year increases in both customer traffic and sales, as well as significant contracted sales figures, signal strong market demand and product appeal, likely to have a positive impact on future earnings.
- Significant Expansion in Property Management Contracts: The addition of 6.458 million sqm in contracted area and the major Huanggang Port contract further consolidate SZI’s regional leadership and revenue base.
- Ongoing High-Quality Project Delivery: Timely delivery of prime projects supports revenue recognition and cash flow.
- Strategic Transformation: The ongoing shift to asset-light and integrated urban asset management models could unlock new business lines and operational efficiencies, potentially rerating the company’s valuation multiples.
Outlook
SZI’s solid operating performance, continued industry accolades, and strategic initiatives underscore its resilience and growth potential within the Greater Bay Area’s dynamic property and commercial sectors. Investors should monitor the Group’s ability to sustain sales momentum, execute on project deliveries, and further its transformation strategy as key drivers for future share price performance.
Disclaimer: The information provided is based on the company’s internal unaudited data for the first quarter of 2026 and recent developments. Investors should exercise caution and not rely solely on this summary for investment decisions. Please refer to official filings and consult financial advisors before making investment choices.
深圳投資有限公司（SZI）2026年第一季及近期業務進展詳情
香港，2026年5月18日 — 深圳投資有限公司（「SZI」，港交所：604.HK）公布2026年第一季度主要業務進展，顯示集團在核心業務板塊表現強勁，榮獲多項權威獎項及實現重要擴展。公司未經審核的數據及最新動向，對投資者具重要參考價值，並有潛在價格敏感信息。
重點摘要
- 商業運營： 集團旗艦項目UpperHills憑藉卓越運營及前瞻性策略，榮獲CSVB 2025「城市區域商業標桿金獎」及「重塑先鋒銀獎」。曼谷東方文華酒店登上Travel+Leisure「全球500最佳酒店」榜單（全球僅7家東方文華酒店獲選），同時獲得「2026 DONG Connection最佳商務酒店」及連續三年蟬聯福布斯「雙五星」評級，「The Bay by Chef Fei」餐廳更獲黑珍珠一鑽殊榮，鞏固高端商業地位。
- 人流與銷售增長： 大型IP活動如「大灣區花展」及「斯巴達勇士賽」推動人流及銷售雙增長。11天花展累計吸引超過211.7萬人次，推動商場銷售達1.91億元人民幣（同比增長12%），園區商戶銷售同比上升80%，零售銷售增長13%，餐飲收入亦錄得雙位數增長。五一假期UpperHills人流同比增長18%，銷售增長10%，鞏固大灣區核心商圈地位。
- 商業生態擴展： 格力「董明珠健康之家」深圳首店於深業泰富國際家居廣場開業，進一步豐富集團商業品牌矩陣。
- 物業運營： 深業運營連續六年獲評「中國智慧城市服務領軍企業」，2026中國物業服務百強排名第13，並獲多個細分市場獎項。2026年首季淨增合同面積約645.8萬平方米，進一步鞏固區域市場領先地位。五月初中標深圳黃崗口岸新聯檢大樓運維項目，助力打造輻射大灣區及連接國內外的超級口岸綜合樞紐。
- 地產開發： 地產項目（深圳農科東城、深業泰富廣場、泰銳府、華府）及中山、上海、成都項目表現強勁。2026年首季未經審核合同銷售約30.52億元人民幣，合同銷售面積約127,403平方米。五一銷售約5億元，同比增長18%，彰顯品牌號召力及產品競爭力。
- 項目交付： 首季泰銳府及灣畔項目F25地塊按期完工及備案，集團六個項目多期共完成備案建築面積約42.8萬平方米，確保高質量供應。
- 戰略方向： 集團加速向城市資產管理及綜合運營、科技產業投資服務轉型，致力推動高質量發展。
對股東具有潛在價格敏感性的資訊
- 多項權威獎項及國際認可： 有助提升品牌價值及市場定位，或推動未來收入增長及資產估值提升。
- 銷售增長及人流持續向好： 顯示市場需求及產品吸引力強，有利未來盈利表現。
- 物業運營合同大幅擴張： 合同面積顯著增加及中標重大口岸項目，有利鞏固收入基礎。
- 高質量項目交付： 按期交付支持收入確認及現金流。
- 業務轉型： 輕資產及綜合資產管理新模式有望釋放新業務潛力及提升估值。
展望
集團穩健經營表現、持續獲獎及積極轉型，彰顯其在大灣區地產及商業運營板塊的競爭力及增長潛力。投資者宜密切關注銷售動能、項目交付及轉型成效，這將成為未來股價走勢的關鍵因素。
免責聲明： 本文根據公司2026年第一季未經審核內部數據及最新動態整理，僅供參考。投資者請審慎決策，勿僅依賴本摘要作投資判斷。請參閱公司正式公告及諮詢專業顧問。
