Our Businesses

(1) Toll Roads/Bridge:

SIHL owns three toll roads in Shanghai including Jing-Hu Expressway (Shanghai Section), Hu-Kun Expressway (Shanghai Section), Hu-Yu Expressway (Shanghai Section) and the Hangzhou Bay Bridge (SIHL accounted for its 23.0584% equity interest). They are representing Shanghai's main traffic gateways in the north-west, south-west and west directions, and connecting Shanghai and coastal cities in Zhejiang Province. These investment projects have been delivering stable revenue and recurring cash flow to SIHL. As at the end of June 2024, the key operating figures are as follows:

During the period, mainly due to increased festive and holiday travels during the first Spring Festival following the transition of pandemic-control measures, in addition to natural growth in traffic flow, the overall traffic volume on our three toll roads and the Hangzhou Bay Bridge increased steadily. 

(2) Water Services

SIHL's water services business consists of two operating platforms, namely SIIC Environment (BHK SGX; 807 HKSE) and General Water of China.

In the first half of 2024, the revenue of SIIC Environment recorded a decline of 17.3% year-on-year to RMB3,324 million, and net profit attributable to shareholders decreased by 14.8% year-on-year to RMB321 million. The reduction in revenue and profit was mainly due to the completion of the construction of the Baoshan Project in 2023 while the main construction of key new projects in 2024 is not due to commence until the second half of the year. During the period, SIIC Environment made great efforts to develop its business and achieved major progress in three projects, respectively in Hubei Province, Shandong Province and the Guangxi Zhuang Autonomous Region of CHina, with a total planned daily capacity of 285,000 tonnes. SIIC Environment will capitalize on development opportunities brought about by these favourable policies while closely keeping an eye on new high-quality project opportunities. Looking ahead, SIIC Environment will continue to streamline its business layout, expand its market share, and consolidates its leading position in China's water services and environmental protection industries.

• SIIC Environment (BHK SGX; 807 HKSE)

http://www.siicenv.com

SIIC Environment Holdings Ltd. (“SIIC Environment”) is a top-tier integrated player in China's environmental industry. The group is previously known as Asia Water Technology Ltd. (“Asia Water”) which was listed on SGX-ST Catalist in 2005. In 2010, SIHL acquired a controlling stake and completed debt restructure in Asia Water and subsequently renamed SIIC Environment and transferred to SGX-ST mainboard in 2012. Since the restructuring, SIIC Environment has shown tremendous growth and continuous to increase its market share in China's water and environment protection sector. SIIC Environment completed primary dual listing on the Hong Kong Stock Exchange on 23 March 2018. As at the end of June 2024, SIHL holds 49.25% equity interests of the company.

As at the end of June 202, SIIC Environment's daily water treatment capacity was 13.32 million tonnes.

General Water of China

http://www.cecep.cn/g3031.aspx

In the first half of 2024, General Water of China Investment Co., Ltd. (“GWC”) recorded operating revenue amounted to HK$956 million, representing a year-on-year decrease of 10.3%. Net profit amounted to HK$130 million, representing a year-on-year decrease of 26.5%. During the period, General Water of China secured five new projects with an investment value of approximately RMB385 million and daily water treatmet capacity of 155,000 tonnes.

In addition, for the 21th consecutive year, the Company was awarded as one of the “Top 10 Most Influential Enterprises in China's Water Industry” and remained in the top three in six years.

Water Services Projects 

(3) Investment in New Business Arena

With respect to new business arena, as at the end June of 2024, the photovoltaic asset capacity of Shanghai Galaxy and its subsidiary, Galaxy Energy (Shanghai) Co., Ltd., reached 740 MW. During the period, 15 photovoltaic power projects completing approximately 519 million kWh of on-grid electricity, representing a year-on-year decrease of 6.8%, mainly due to the drastic increase in installation of photovoltaic and wind power stations in various provinces during the period which made the restriction of power generation limit significantly higher than expected, for the safety of the grid system, and also power outage caused by the failure of the main transformer of certain power stations.

In addition, Sure Advance Holdings Limited, a wholly-owned subsidiary of the Group, holds a total of 2.78% and 7.41% equity interest in CIRC(1763.HK) and Riverine China(1417.HK) separately.