SDHG (00412) announced its annual results for the period ending December 31, 2025. The group recorded revenue of RMB 5.027 billion, a decrease of 9.92% year-on-year. The loss attributable to owners of the company amounted to RMB 537 million, shifting from profit to loss compared to the previous year. Loss per share was 8.93 cents.
Faced with profound transformations and historic opportunities arising from the restructuring of global industrial chains, the group maintained strategic focus and actively adapted to changes. Aligning with the national "16th Five-Year Plan" strategic deployment, SDHG has anchored its direction in two strategic emerging industries: clean energy and intelligent computing centers. The group is committed to deepening the industrial ecosystem for the coordinated development of "green power and computing power" through systematic thinking, promoting deep integration of these two sectors in planning, construction, and operation via model and technological innovation.
On this foundation, the group firmly pursues a path of high-quality development, balancing growth with security, scale with efficiency, and continuously enhancing core competitiveness. It aims to seize opportunities in the new wave of technological revolution and industrial transformation, laying a solid foundation for medium- to long-term sustainable development.
In industrial investment, the group continues to deepen its expertise in the integrated field of new energy and computing power, building a distinctive "electricity-computing synergy" industrial ecosystem. As of December 31, 2025, the group's total asset size was approximately RMB 65.931 billion, with investments in emerging industries accounting for about RMB 51.071 billion, or 77.46% of total assets.
Subsidiary SDHG New Energy Group Limited has strengthened its foundation in the new energy sector, achieving substantial breakthroughs in transportation-energy integration and promoting a commercial closed-loop model combining "road networks, power grids, and capital networks." Strategic investee company CenturyLink Data Centers has steadily upgraded and expanded its operations.
The group is focused on enhancing investment management capabilities, balancing industrial empowerment with governance improvements, and strengthening corporate competitiveness through a closed-loop internal control system to continuously boost industrial value creation.
In other investment activities, the group continues to prudently reduce exposure to traditional investments, intensifying efforts to revitalize and dispose of existing risk assets while accelerating value realization and cash flow recovery from沉淀 assets. Closely aligned with its core development strategy, SDHG is precisely targeting structured investment and financing opportunities along the clean energy and intelligent computing center industry chains. It actively explores high-quality projects that offer technological synergy and scenario complementarity with its main business, directing capital toward strategic segments.
Through these measures, the group continues to improve asset turnover efficiency and risk resilience, building a robust foundation for high-quality development and ensuring stable operations and strategic initiative in a complex environment.
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