Guotai Junan Securities: SHANGHAI IND H operates steadily, with outstanding growth in its consumer goods and health sectors, maintaining an "Outperform" rating

Guotai Junan Securities maintains a "Outperform" rating for SHANGHAI IND H, expecting the net profit attributable to the parent company for 2025-2027 to be HKD 2.934 billion, HKD 3.084 billion, and HKD 3.197 billion, respectively. The company's infrastructure and environmental protection are stable, with significant growth in the consumer goods and health sectors, an increase in the dividend payout ratio, and a decrease in financial expenses, indicating promising investment value in the future. In the first half of the year, infrastructure and environmental protection revenue was HKD 4.433 billion, consumer sector revenue grew by 11%, and the health sector's net profit increased by 118.4% year-on-year