In the first half of the year, while accelerating the transformation, quality improvement, and efficiency enhancement of traditional industries such as real estate and infrastructure, the Greenland Group saw rapid development in a number of its new business sectors. Particularly, digital finance, energy supply security, and inbound tourism all achieved double-digit growth, injecting momentum into the company's overall transformation.
Financial Business Achieves Key Breakthroughs with Significant Transformation Results
During the first half, Greenland's financial business continued to strengthen the synergistic effects of "industry + finance + technology," driving a series of businesses to produce results and highlights. Among these, the digital finance business achieved double-digit growth in both revenue and profit, while supply chain finance sales saw a substantial increase. The green finance building carbon credit business also gained widespread social recognition. Through digital transformation, the company has advanced its corporate transformation to a new level and provided strong support for the implementation of several key projects.
Digital finance has continuously improved the profit structure and deepened the empowerment of business by artificial intelligence. The digital banking business maintained steady growth. By optimizing the asset-liability structure, reducing single-industry risk exposure, lowering the concentration of interest rate-sensitive businesses, and accelerating the expansion into diversified operations such as foreign exchange settlement and mobile payments, the company has focused on building a more balanced and resilient profit system, further enhancing its risk control capabilities. Artificial intelligence technology has been deeply embedded in 16 key business scenarios, significantly improving service efficiency and effectively reducing operational costs.
Supply chain finance has continuously expanded the industrial ecosystem and tapped into new momentum for the future. The refined oil supply chain business has achieved "acceleration" in its new track development through innovative models. In the first half, its operating revenue already exceeded the total for the entire previous year, achieving comprehensive breakthroughs in business scale, industry reputation, and excess returns.
Green finance has continuously established benchmarks in its sector, serving the national "dual carbon" strategy. The building carbon credit business has made a full-force effort, with simultaneous improvements in business scale, market influence, and revenue conversion. Both product listings and trading volume exceeded the levels of the entire previous year. The company launched a number of pioneering projects such as "Qingpu Gold Carbon" and "Southwest Carbon Reduction," and its products have been applied in multiple locations both domestically and internationally.
Energy Business Achieves Rapid Growth, Strengthening Energy Security Safeguards
In the first half, as a platform enterprise for coal reserve and supply security in Shanghai, Greenland Energy adhered to its primary responsibility and core mission of coal supply security, earnestly shouldering the mission and responsibility of a state-owned enterprise. Focusing on "overcoming resource supply challenges, deepening relationships with core clients, and vigorously improving quality and efficiency," its operational effectiveness was prominent.
The company deepened upstream channels. It continued to deepen cooperation with key enterprises such as China National Coal Group and Jinneng Holding Group, vigorously improving the fulfillment rate of long-term agreements. It expanded channel resources like Huaihe Energy and signed contracts for 300,000 tons of required coal types. Through high-level coordination, it tackled mine-mouth business, developing procurement channels for eight low-ash, high-quality coal types from mines. In the second quarter, 54 trainloads were dispatched, exceeding the plan by 80%.
The company focused on the terminal market. In the Shanghai region, it significantly improved the fulfillment rate for clients such as Huaneng, Shanghai Electric Power, and Shenergy, while steadily expanding the sales scale of spot market coal. It strengthened the development of high-quality major clients outside the region. Coal sales volume in the second quarter increased by 38% compared to the previous quarter, with 1 million tons of new spot contracts added. Coal sales reached 3.64 million tons for the quarter, and the cumulative sales for the first half reached 6.29 million tons.
The company expanded the scale of its shipping business. It continuously enhanced the integrated service capability of "procurement, transportation, storage, and sales," optimizing route planning and shipping capacity allocation. In the second quarter, it completed 94 voyages for coal transportation, with a volume of 5.12 million tons, a 57% increase from the previous quarter. The cumulative figures for the first half reached 153 voyages and a transportation volume of 8.38 million tons.
Hotel and Tourism Business Remains Stable with Improvements, Achieving Multiple Breakthroughs through Innovation
In the first half, Greenland's three major sectors—hotels, exhibitions, and tourism—adhered to activating cultural and tourism consumption through scene innovation and stimulating regional economies through resource linkage. They built an integrated industrial ecosystem with "hotels as the carrier, exhibitions gathering traffic, and tourism expanding the market," achieving multiple breakthroughs.
The hotel business integrated across sectors to gather momentum, creating scenes that enhance the city's cultural and tourism profile. Greenland Hotels strengthened holiday marketing and online promotions, created distinctive IPs like pet-friendly vacations, and steadily implemented various cooperative projects. It continued to create new, high-quality cultural and tourism consumption scenes. Several benchmark hotels saw year-on-year increases in revenue and occupancy rates. The revenue of Shanghai Sanjiagang Hotel increased by 97% year-on-year. A total of 10 light-asset hotel projects were successfully launched. The company was selected for the list of China's Top 60 Hotel Groups.
The tourism business achieved multiple successes across three tracks: inbound tourism, red tourism, and industrial tourism. Inbound tourist reception increased by 193% year-on-year. Shanghai Airlines Tourism was selected for the red-themed tourist routes jointly released by Shanghai and Sanming City, Fujian Province, and became one of the first companies to be stationed in the "Lingang New Area Tourism Alliance Reception Hall."
The exhibition business improved the quality and efficiency of venue operations, creating distinctive features through multiple efforts. The three major exhibition venues in Nanchang, Xi'an, and Lanzhou maintained good regular operations, hosting a total of 33 exhibitions with a total exhibition area of nearly 1.7 million square meters and visitor traffic exceeding 1 million, providing solid support for attracting economic and cultural-tourism traffic to various regions.
Furthermore, in the first half, Greenland's automotive distribution business addressed its shortcomings. It reached an overseas re-export cooperation agreement with SAIC International, obtained exclusive overseas sales rights for Changan Deep Blue and secured export orders, and successfully launched an Audi vehicle project, achieving a zero breakthrough in large-scale vehicle projects. The commercial and trade industry accelerated its transformation and upgrading, completing upstream resource lock-ins and trade chain designs for core categories such as flaxseed, electrolytic copper, and sulfur. The Greenland Bund Customization Center was successfully inaugurated and signed up a number of brand merchants. Greenland Youmi Technology commenced operations and established a full-link service chain.
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