- H1 2025 Financial Report shows robust performance across all divisions
- Year-on-year net profit surged by 506 percent, reaching RMB 476 million
- Operating income reached 2.503 billion, with emerging sectors accounting for 96 percent
- Total assets stood at RMB 67.531 billion, 76.97 percent of which were in emerging sectors
- The strategic shift towards new energy and computing power has provided a competitive advantage
HONG KONG, Sept. 04, 2025 — Shandong Hi-Speed Holdings Group Ltd. (00412.HK) announced exceptional half-year results, with net profit soaring by 506 percent to RMB 476 million, as detailed in its H1 2025 Financial Report published on August 29. The group’s focused shift towards renewable energy and computing power proved highly successful, with these two burgeoning sectors generating 96 percent of its RMB 2.503 billion operating income.
Overall assets increased to RMB 67.531 billion, 76.97 percent of which were invested in green electricity and data center operations. SDHG’s “dual-engine” approach, integrating renewable energy with computing infrastructure, has solidified its market position, establishing it as a dominant force in China’s rapidly expanding digital and green technology sectors.
Net Profit Jumps Sixfold, Setting New Record
The remarkable 506 percent increase in net profit signifies SDHG’s best half-year achievement to date. This growth was fueled by the company’s industrial investments in green electricity and computing, which have become a primary source of its earnings. VNET Group Inc. (NASDAQ: VNET), where SDHG maintains a strategic interest, and Shandong Hi-Speed New Energy Group Ltd. (SHNE, 01250.HK), under SDHG’s majority control, both reported exceptional outcomes.
VNET saw its Q2 2025 revenue climb 22.1 percent year-on-year to RMB 2.43 billion, with its Wholesale Internet Data Center (IDC) segment experiencing a significant 112.5 percent surge to RMB 850 million. Meanwhile, SHNE registered an H1 2025 operating income of RMB 2.4 billion and a 6.5 percent growth in net profit, reaching RMB 400 million, with its total assets increasing 2.3 percent to RMB 49.5 billion.
Electricity-Computing Integration Fuels Rapid Expansion
SDHG’s leadership in Electricity-Computing Integration is rooted in its investments in SHNE and VNET. This significant investment in both entities has established a mutually beneficial, self-sustaining ecosystem that links green energy production with critical computing infrastructure. SHNE’s wind and solar facilities, boasting an installed grid-connected capacity of 4,799 MW, produced 3.674 billion kWh of electricity during H1 2025. VNET intends to expand its data center capacity to 10 GW by 2036, perfectly complementing SDHG’s renewable energy generation.
The Ulanqab Source-Grid-Load-Storage Integration Project in Inner Mongolia serves as the cornerstone of SDHG’s integrated electricity and computing strategy. By utilizing the region’s vast wind and solar resources and co-locating data centers, this project establishes a closed-loop system for power production and consumption. Zhongtai Securities projects that this endeavor will yield 860 million kWh annually, and the data centers of the 1 GW Ulanqab Phase III are anticipated to generate an additional RMB 1.3 billion in economic value upon full activation.
Advancing the Digital Frontier and Pursuing a Carbon-Neutral Vision
In line with China’s national strategic goals and in response to a dynamic market, SDHG is intensifying its focus on the digital economy and consistently developing new business approaches. In May 2025, Shandong Hi-Speed Group (SDHS), SDHG’s parent entity, formed a strategic alliance with Huawei Technologies Co., Ltd. to create “zero-carbon smart parks” and enhance intelligent transportation, encompassing vehicle-road collaboration and AI-powered autonomous driving systems. This collaboration combines SDHG’s strengths in electricity and computing with Huawei’s AI and technology framework, enabling diverse high-value applications.
SDHG recently made significant strides in fintech, launching Hong Kong’s inaugural corporate notes tokenization product, valued at $40 million, on August 21 through HashKey Chain. The company intends to further its involvement in blockchain and digital currency technologies for asset securitization, cross-border financial transactions, and green finance initiatives.
As China targets carbon peaking by 2030 and carbon neutrality by 2060, SDHG will maintain its strategic emphasis on green energy and computing power. The group is committed to developing a digital economy ecosystem built around AI computing, data assets, and novel applications, aiming to provide strong growth and stable investor returns.
CONTACT: Media Contact Company Name: Shandong Hi-Speed Holdings Group Contact: Stanley Shi Website: https://www.sdhg.com.hk/en/ Email: stanleyshi@sdhg.com.hk
