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Shenzhen Investment Holdings Bay Area Development Company
(OTC:0737)
Shenzhen Investment Holdings Bay Area Development Company (0737) vs. iShares MSCI Hong Kong ETF (EWH)
Shenzhen Investment Holdings Bay Area Development Company Business Overview & Revenue Model
Shenzhen Investment Holdings Bay Area Development Company Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 879.49M | 944.78M | 789.70M | 613.51M | 0.00 |
| Gross Profit | 344.98M | 300.82M | 189.89M | 257.47M | 0.00 |
| EBITDA | 516.23M | 457.35M | 718.76M | 1.22B | 337.45M |
| Net Income | 460.92M | 528.48M | 278.57M | 711.43M | 688.66M |
Balance Sheet | |||||
| Total Assets | 12.80B | 12.41B | 12.22B | 7.17B | 6.62B |
| Cash, Cash Equivalents and Short-Term Investments | 1.11B | 1.01B | 925.46M | 1.90B | 1.56B |
| Total Debt | 4.54B | 4.05B | 3.98B | 1.94B | 1.08B |
| Total Liabilities | 5.16B | 4.71B | 4.83B | 2.09B | 1.62B |
| Stockholders Equity | 4.55B | 4.75B | 4.54B | 5.06B | 4.98B |
Cash Flow | |||||
| Free Cash Flow | 294.04M | 159.08M | -231.09M | -183.59M | -52.04M |
| Operating Cash Flow | 568.94M | 467.85M | 87.18M | -183.05M | -50.90M |
| Investing Cash Flow | 47.65M | 234.53M | 310.00M | 1.22B | -19.44M |
| Financing Cash Flow | -366.89M | -696.19M | -1.78B | -8.75M | 533.27M |
Shenzhen Investment Holdings Bay Area Development Company Technical Analysis
Shenzhen Investment Holdings Bay Area Development Company Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | ¥169.40B | 10.62 | 4.42% | 3.13% | 5.63% | -31.54% | |
69 Neutral | $5.55B | 11.00 | 9.85% | 8.60% | -33.66% | -13.02% | |
| $788.63M | 8.65 | 5.60% | 7.03% | ― | ― | ||
| $2.41B | 9.26 | 8.46% | 6.30% | ― | ― | ||
| $3.25B | 12.34 | 5.52% | 3.99% | ― | ― | ||
78 Outperform | HK$3.51B | 6.11 | 11.55% | 5.13% | -2.20% | -12.73% | |
69 Neutral | HK$4.08B | 7.77 | 12.09% | 5.37% | 23.94% | -9.82% |
Shenzhen Investment Holdings Bay Area Development Company Corporate Events
Shenzhen Investment Holdings Bay Area Development Company Limited has announced a new agreement for the maintenance of the Coastal Expressway (Shenzhen Section) from 2025 to 2028. This agreement, formed with the Engineering Development Company after a competitive tendering process, will ensure continued maintenance services for the expressway, impacting the company’s operational stability and compliance with listing rules, while exempting it from certain shareholder approval requirements.
In May 2025, Shenzhen Investment Holdings Bay Area Development Company Limited reported varied changes in toll revenue across its expressways due to modifications in the surrounding road network. The GS Superhighway and GZ West Superhighway experienced declines in revenue, while the Coastal Expressway saw an increase. These fluctuations highlight the impact of regional infrastructure changes on the company’s operations and may influence future strategic decisions.
Shenzhen Investment Holdings Bay Area Development Company Limited has revised the terms of reference for its Nomination Committee, effective from July 1, 2025, to align with the latest amendments to the Listing Rules of the Hong Kong Stock Exchange. The Committee is tasked with overseeing board nominations, diversity, and succession planning, ensuring transparent and independent oversight in these areas. This move is expected to enhance the company’s governance practices and ensure compliance with regulatory standards, potentially impacting its operational efficiency and stakeholder confidence.
Shenzhen Investment Holdings Bay Area Development Company Limited has announced the provision of guarantees for two significant banking facilities. The company has entered into agreements with CMB Wing Lung Bank and HSBC to secure loan facilities totaling up to RMB1,000,000,000 each. These facilities are intended to support the company’s general working capital, dividend distribution, and refinancing needs, thereby strengthening its financial position and operational capabilities.
Shenzhen Investment Holdings Bay Area Development Company has entered into an agreement with Guangzhou North Second Ring Company for the construction and management of the Huocun Interchange Project. This project is a significant infrastructure development involving the reconstruction of a major interchange hub with 12 ramps, aimed at enhancing connectivity in the region. The agreement outlines comprehensive responsibilities for the construction management, including project surveying, design, and maintenance, with an expected completion timeline of five years. This transaction is classified as a discloseable transaction under the Hong Kong Listing Rules, indicating its importance but not requiring shareholder approval.
Shenzhen Investment Holdings Bay Area Development Company has announced two significant agreements related to infrastructure development in the Guangdong region. The company has entered into a Joint Construction Management Agreement with Dongguan Luqiao for the Wudianmei Interchange and an Entrusted Construction Management Agreement with Guangdong Bay Area Transportation and Dongguan Luqiao for the Xinlian Interchange. These agreements, which involve mutual entrustment of construction and management services, are part of a broader strategy to enhance connectivity in the area. The total aggregate amount payable under these agreements is approximately RMB505.02 million. These transactions are classified as discloseable under Hong Kong’s Listing Rules, indicating their significance to the company’s operations and market positioning.
Shenzhen Investment Holdings Bay Area Development Company has announced a revision to the annual cap for its continuing connected transactions related to the 2025 Coastal Expressway (Shenzhen Section) Maintenance Services Agreement. The Coastal Company, a subsidiary of the firm, entered into a Supplemental Agreement with the Engineering Development Company to increase the annual cap from approximately RMB22.96 million to RMB23.79 million for the year ending December 31, 2025. This change reflects the company’s anticipation that the existing cap would be insufficient to cover the required maintenance services. The revision is subject to reporting and announcement requirements under Chapter 14A of the Listing Rules but is exempt from circular and independent shareholders’ approval requirements.
In April 2025, Shenzhen Investment Holdings Bay Area Development Company Limited reported varied changes in toll revenue across its expressways due to modifications in the surrounding road network. The GS Superhighway and GZ West Superhighway experienced declines in revenue by 4% and 14% respectively, while the Coastal Expressway saw a 21% increase. These fluctuations highlight the impact of infrastructure changes on traffic volumes and subsequent revenue, emphasizing the need for stakeholders to consider these dynamics when evaluating the company’s performance.
Shenzhen Investment Holdings Bay Area Development Company Limited, a company involved in investment and development, held its Annual General Meeting on May 21, 2025, where all proposed resolutions were passed by shareholders. The resolutions included the approval of the audited financial statements for 2024, a final dividend of RMB7.15 cents per share, re-election of directors, and re-appointment of KPMG as auditors. Shareholders have the option to receive dividends in Renminbi or Hong Kong Dollars, with the final dividend payment scheduled for July 15, 2025.
Shenzhen Investment Holdings Bay Area Development Company has entered into a new lease agreement for office premises in Shenzhen, PRC, with Shenzhen Expressway, its intermediate holding company. The lease, commencing on June 1, 2025, and ending on December 31, 2028, is valued at approximately RMB21.40 million and will be recognized as right-of-use assets and lease liabilities in the company’s financial statements. This transaction, considered a connected transaction under Hong Kong’s Listing Rules, highlights the company’s strategic move to secure office space for its operations, potentially impacting its financial positioning and stakeholder interests.
Shenzhen Investment Holdings Bay Area Development Company Limited reported its unaudited operating information for March 2025, highlighting varied year-on-year toll revenue changes across its expressway projects. The GS Superhighway and GZ West Superhighway experienced declines in toll revenue by 8% and 15% respectively, attributed to changes in the surrounding road network. Conversely, the Coastal Expressway (Shenzhen Section) saw an 18% increase in toll revenue, indicating a positive impact from the same changes. These fluctuations reflect the dynamic nature of infrastructure usage and its impact on the company’s financial performance.
Shenzhen Investment Holdings Bay Area Development Company Limited reported its unaudited financial results for the first quarter of 2025. The company experienced a decline in toll revenue for the GS Superhighway and GZ West Superhighway due to new competing routes, while the Coastal Expressway saw a significant increase in toll revenue attributed to new infrastructure developments. Additionally, the company achieved contract sales of approximately RMB274 million in its Grand Park City project, reflecting a robust real estate market performance.
Shenzhen Investment Holdings Bay Area Development Company Limited has announced its Annual General Meeting to be held on May 21, 2025, in Hong Kong. Key agenda items include the approval of financial statements, a final dividend payment, director re-elections, auditor re-appointment, and resolutions for share repurchase and issuance mandates. These decisions are expected to impact the company’s financial strategies and shareholder value.
Shenzhen Investment Holdings Bay Area Development Company Limited has announced the promotion of Mr. Jianming Wu to the position of General Manager, effective April 11, 2025. Mr. Wu, who has extensive experience in project and corporate management, will continue as an executive director and member of the executive committee. This strategic appointment is expected to enhance the company’s operational management and strengthen its position in the infrastructure development sector.
Shenzhen Investment Holdings Bay Area Development Company Limited, listed under stock codes 737 and 80737, announced the composition of its board of directors and their respective roles. The board includes executive, non-executive, and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement provides clarity on the governance structure of the company, which could impact its strategic direction and reassure stakeholders about its management oversight.
Shenzhen Investment Holdings Bay Area Development Company Limited has announced a board meeting scheduled for April 25, 2025, to approve the financial results for the first quarter of 2025. This meeting is significant as it will provide insights into the company’s financial health and operational performance, potentially impacting its market positioning and stakeholder confidence.