According to the Zhitong Finance App, Shenzhen Holdings (00604) announced major business developments for the third quarter of 2026.
Commercial operation business
The first-store economy continues to grow, and the international brand matrix is taking shape at an accelerated pace. During this period, Shenye Shangcheng focused on the international luxury and trendy retail circuit. The first Coach Play concept store in mainland China was officially launched on September 25. Turkish chef brand CZN BURAK GURME Turkish Restaurant's first store in Shenzhen and the first century-old British brand Hunter Futian opened one after another, forming a “first store+debut+debut” agglomeration effect, and the international brand matrix in the business district continued to be rich.
“Art and Literature + Consumption” two-wheel drive has reached a new high in holiday passenger traffic. During the Mid-Autumn Festival and National Day, Shenye Shangcheng used the “International Art Tour Season” as an engine to launch a custom-designed environmental drama “The Voice of the World” and the giant puppet drama parade “Don Quixote” premiered in Shenzhen, and linked market IPs such as Shenzhen Star Chef · Star Ticking Food Collection and Fizzy Bizzy Wine Festival. On October 1, the number of visitors in a single day was about 180,000, and the cumulative passenger flow for the first four days of the holiday increased by nearly 30% over the same period last year. Relying on the sky covered bridge and ecological bridge, the “watch the movie - enjoy the food - visit the first store - visit the park” is further unblocked, and the “two-way drainage” effect between the park and the business district continues to unleash.
Hotel and park operations have added another world-class title. On September 1, Mandarin Oriental, Shenzhen ranked 90th in the 2026 “World's 50 Best Hotels” 51-100 list, and its MO Bar ranked 5th in the 2026 “Asia's 50 Best Bars”, making it the highest ranked hotel bar in Asia. Bijiashan Sports Park, which is managed by the Group, won the 2026 “Excellent New Park Award” by the World Urban Parks Association (WUP), marking that the Group's park operation and management capabilities have won world-class professional recognition; the park's passenger traffic increased by nearly 40% year-on-year during the two festivals.
Property operation business
Continued breakthroughs in external expansion, and operational strength was once again recognized. With professional venue service experience and full business operation strength, Shenzhen Industrial successfully won the bid for the new Shenzhen Cultural Center, the largest single cultural center in the country, with a total construction area of 83,300 square meters, further consolidating the competitive advantage of major public cultural facilities. On September 2, at the “2026 China Property Service Capability and Brand Value Research Results Conference” hosted by Kerui Property Management, Shenzhen Operation won 9 awards including “2026 China's Top 100 Property Service Enterprises”, “China's Top 100 Property Service Enterprises with Brand Value” and “2026 China's Top 20 High-end Property Service Enterprises”, and its service and brand value fully blossomed.
Real estate development business
Sales elimination is progressing steadily. In the third quarter of 2026, the Group's unaudited contract sales volume was approximately RMB 1,814 million, and the contract sales area was about 85,800 square meters. During the Mid-Autumn Festival and National Day, the Group co-organized a series of marketing activities, achieving a total subscription sales amount of about 886 million yuan. Key regional projects in Shenzhen (such as Yiyuefu, Shanshui Dongcheng, Shenye Yunzhu, etc.) were well held and sold, and projects in Zhongshan and Chengdu also performed well.
Shenzhen Holdings will continue to accelerate the construction of a new development model, actively promote the transformation of its main business into a “real estate asset management and integrated urban operation service provider” in accordance with the development vision of “becoming an excellent industrial group worthy of entrustment”, and is committed to building a business portfolio with strong cyclical properties that can provide long-term stable cash flow and performance contributions.