行业研究公司研究宏观策略财报招股书会议纪要 seedance2.0 低空经济 DeepSeek AIGC 大模型

SHANGHAI GROWTH2024年报

2025-04-28 港股财报坚守此念

Shanghai International Shanghai Growth Investment Limited 2024 Annual Report Summary

Performance Review

The company reported a net loss of $357,498 for the year ended December 31, 2024, compared to a net loss of $455,345 in 2023. The reduction in net loss was primarily due to net gains from securities investments, offsetting the operating costs.
The stock market in Hong Kong experienced significant volatility throughout the year, with the Hang Seng Index reaching a low of 14,794 points in late January before rebounding to 20,059.9 points by year-end.
The company's listed investment portfolio returned 4.64% in 2024, mainly driven by the telecommunications sector. The performance of the portfolio was influenced by various macroeconomic factors, including global economic conditions and specific policies in China.
The company's net asset value (NAV) per share decreased to $0.11 from $0.15 in 2023, reflecting the overall market performance and the impact of securities investments.
No dividends were declared for the year ended December 31, 2024.

Management Discussion and Analysis

China's economy slowed down in the second and third quarters of 2024 due to local consumption deceleration and real estate market adjustments. However, growth rebounded in the fourth quarter to 5.4% with the implementation of unprecedented measures.
The company's investment strategy focuses on equity and debt securities, as well as other financial instruments and investment platforms, with a target of achieving long-term capital appreciation in the Greater China region.
The investment policy emphasizes reasonable diversification, with limits on the percentage of voting rights and asset value allocated to any single investment.
The company's listed investments performed well in 2024, with the telecommunications sector being the primary contributor to the positive return of 4.64%. Notable holdings include China Mobile and Tencent Holdings.
The company divested its investment in Global Market Group Limited in 2024, recognizing its limited future economic value contribution.

Key Financial Data

The company's cash and bank balances decreased slightly to $1,064,658 from $1,117,399 in 2023, primarily due to operational and administrative expenses.
The company had no significant borrowing or major contingent liabilities.
The current ratio improved to approximately 24.77, while the total debt-to-asset ratio decreased to around 4.04%.
The company faced currency risk due to its investments in foreign currencies, but the impact was considered minimal due to the pegged exchange rate between the Hong Kong dollar and the US dollar.

Outlook

The company remains optimistic about China's economic growth, particularly in high-tech manufacturing and consumer spending.
The company will continue to explore investment opportunities that align with its investment strategy and contribute to long-term shareholder value.

13 64 1617 P.O. Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands 48-62151501 48-62151501 9816200021 http://shanghaigrowth.etnet.com.hk 770 Maples and Calder SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED Shanghai International Shanghai Growth Investment Limited 357,498455,345 64,12718,85210,2571,92015,39523,44269,265436,064 14,79413.2%16,54119,70617,718 17,00016,441.416.6%15.8%2,88621,133.623,241.720,059.913.7% 17.7% 4.64% 0.110.1526.67%0.340.14209% 331-33312 1617 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED Shanghai International Shanghai Growth Investment Limited +5.0+5.2+5.8+4.6+3.5+7.2+0.2+0.2+3.2+3.0–27.1–8.0+7.1+0.6+2.3–0.3992.0823.23,202.43,238.0 5.4% 6.1%4.385%7.1%2.552.3%1.84 0.2% SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED (i)30%(ii)20% 14,79413.2%16,541 19,70617,718 17,00016,441.416.6%2,88615.8%21,133.6 23,241.713.7%20,059.9 17.7% 4.64% SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 0700 1,0000.00001%56,18853,6784.30% 2,76442,5902,510(–4.47% 0941 8,5000.00004%78,15783,8116.72% 0941 9,55817,4675,654+7.24%5G B2B SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED B2BT 500 96 1,064,6581,117,399 24.7722.554.04%4.44% SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 3649 13 601955 29 74 39138340GEM SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 36105711248340GEM C1 C.2.1C.2.9C.2.7 C.2 F.2.2 B.2.4(b) B.2.4(b) SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 5052 3.09D3.09D 1315http://shanghaigrowth.etnet.com.hkhttp://www.hkexnews.hk 130,00060,000 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 3.10 3.13 98(b)98(c) 93 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 1234 53 (a)(b)(c)(d) 3/33/33/3 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED (a)(b)(c) (a)(b)(c)(d) 1/11/11/1 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 109A(a) http://shanghaigrowth.etnet.com.hk •••• 0/1 1/11/11/1 1/1 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 42P.O. Box 309,Ugland House, Grand Cayman, KY1-1104, Cayman Islands 42 48-62151501 +852 2840 1286 A.2.1 1.2.3.4.5. SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED C3 Vistra 3.29 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED D.2 ••• 4.64% Committee of Sponsoring Organizations of the Treadway CommissionCOSO ••••• •••• (i)(ii)(iii) 5559 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 1634 C2 48-62151501 1 50590% 100%234 6118 (i) 1(ii)2(iii)3(iv) 3,2533,1173,2533,117 (i)51/6 1 (ii) (iii)2 (iv)3 (i) (ii) (iii)0.30.30.30.3 (i)6(ii)(iii) (i) (i)61/6 LED25˚C SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 312 6095 96 129,134 98(b)98(c) 93 3.13 1315 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 13.51B(1) 130,00060,000 C.3.3 A 0.5% (20%)8,182,713 20% SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED (1) (2) (3) 30,000234,00061,000475,80067,000522,60036,000280,800 17.8 A 29,048 (i)(ii)(iii) 300074014A.56 352 SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 5%336 (1)1,884,792(2)1,781,000 336 25% Shanghai International Shanghai Growth Investment Limited SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED Shanghai International Shanghai Growth Investment Limited 6095Shanghai International Shanghai Growth Investment Limited Shanghai International Shanghai Growth Investment Limited 137,48911% •••• Shanghai International Shanghai Growth Investment Limited 405 Shanghai International Shanghai Growth Investment Limited • • • • • Shanghai International Shanghai Growth Investment Limited 65,837,201(1,920)664,127(18,852)6(5,847,458)–2,816– 59 45,97543,09712137,489466,909131,064,6581,117,399 141,068,6001,068,600129,134486,632 a. 5,837,2011,920 1. Shanghai International Shanghai Growth Investment Limited770P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands 2.1 2.2 1 11 2.3 189711 21 1791071 12 1811811818818733341818 2.3 97 —111779107 •77B387IG1IG14IG20B77 •9993.3.395.1.39A •7737 2.4 ––– 2.4 (a)(i)(ii)(iii) (b) (i)(ii)(iii)(iv)(v)(vi)(a)(vii)(a)(i)(viii) 2.4 SPPISPPI 2.4 • •(a)(b) 2.4 90 1–2–3– 2.4 2.4 •• 2.4 •• 2.4 3. 183 3. 13318 4. –– 12 4. 4. 5. 7 6. 7. 383(1)(a)(b)(c)(f)2 50,08749,815 8. 7 1,000,0001,000,0011,500,0001,500,0012,000,000 9. 16.5% 0%0% 10. 11. 357,498455,34510,686,00010,686,000 12. 8,734,8979.36% 5,847,458 22,789 38,85428,54541,33818,852 13. 14. 10,686,00010,686,0000.101,068,6001,068,600 15. 1,197,7341,555,23210,686,00010,686,000 16. (a) (i) 0.5% 16. (a) (ii)20%31,048,0608,182,713 (b) 5 14A (c)29,14727,993 (d)7 17. 17. 27,993 18. 18. 18. 18. –5,847,458(5,847,458) 19. (i) 19. (i) 5.82%7.54% * 19. (ii) % 2.372682.37268 3.333853.33385 19. (iii) 1,064,6581,117,399 1

点击免费查看完整报告