Shenzhen Holdings' Wang Yuwen: Transition from a single real estate developer to a comprehensive industrial group

Viewpoint.com News: On March 31, Shenzhen Holdings held an online 2025 annual results briefing.

At the meeting, Board Chairman Wang Yuwen responded to the company’s transformation direction, specific plans, and the development targets of each business segment. He said that over the past year, through in-depth research and analysis of the economic environment, policy guidance, and market conditions—combined with Shenzhen Holdings’ own resource endowments—and by benchmarking against industry benchmark enterprises, the company has clarified the group’s direction for transformation and development. The goal is to transform from a past single-property developer into a comprehensive industrial group focused on real estate development and asset management, city integrated operations services, and technology investment services.

Specifically, it consists of three aspects. First, in real estate development, Shenzhen Holdings will control the scale of its business, pursue quality, and reduce the revenue share of the development business from the current 80% to below 50%;

Second, Shenzhen Holdings will make real estate asset management and city integrated operations its core segments—serving as the ballast for performance and the main engine for growth. According to the plan, by the end of the “Fifteenth Five-Year Plan” period, the overall asset scale of this segment will grow from the current RMB 35 billion to RMB 50 billion, with operating revenue reaching RMB 10 billion. Through orderly asset exits, it can achieve revenue of RMB 5 billion. The segment’s share of total revenue will exceed 50%, and its contribution to profit will exceed 70%.

Third, Shenzhen Holdings will rely on industrial parks as a foundation, and will intensify efforts to develop the technology investment services sector. Wang Yuwen stated that Shenzhen Holdings will enhance its industrial service capabilities by building smart industrial parks, attract and nurture more technology companies, and create a vibrant industrial ecosystem. At the same time, it will also invest in and incubate technology-related industries through funds to improve the efficiency of park operations, and obtain value-added gains through investment exits.

Disclaimer: The content and data in this article are compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.

(Editor: Guo Jiandong ）

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