Shoucheng (697) investor relations material

Executive summary

• Achieved revenue of HK$1,437 million for 2025, up 18% year-over-year, with profit attributable to owners at HK$310 million and adjusted EBITDA at HK$904 million, up 6% year-over-year.

• Declared total dividends of HK$1,149 million, including a special dividend, with a dividend yield of 5.6% based on average market capitalization.

• Completed strategic transformation into an intelligent infrastructure asset service provider, deepening robotics industry investments and digital asset operations.

Financial highlights

• Revenue increased 18% to HK$1,437 million compared to 2024; asset operation revenue rose 12% to HK$1,035 million, and industrial funds revenue grew 37% to HK$402 million.

• Gross profit reached HK$565 million, up 11% year-over-year; operating profit was HK$622 million.

• Profit attributable to owners was HK$310 million, down from HK$410 million in 2024, mainly due to a one-off, non-cash fair value adjustment on convertible bonds.

• Adjusted EBITDA rose 6% to HK$904 million; basic and diluted EPS were HK4.09 cents.

• Total assets increased to HK$15,567 million, net assets to HK$11,144 million; asset-liability ratio improved to 28.4%, and debt-equity ratio dropped to 8.8%.

• Bank balances and cash stood at HK$3,671 million; fixed income financial assets at HK$4,163 million.

Outlook and guidance

• Plans to intensify investments in core regions, key industries, and assets, leveraging full industry-chain synergies and deepening the “Asset circulation + Digital-intelligent operation” model.

• Will continue to expand in the robotics sector, aiming to build a complete ecosystem and enhance digital management of assets.

• Expects to launch new funds supporting early-stage and growth-stage technology innovation companies and asset restructuring.