Major Events - Kangji Medical (09997) received a privatization offer at a premium of approximately 9.9% [1] - China Resources Pharmaceutical (03320) plans to participate in the establishment of a fund [1] - Ganfeng Lithium (01772) intends to jointly integrate a joint venture with LAR to develop the Pozuelos-Pastos Grandes salt lake basin in Argentina [1] - China Antibody-B (03681) signed a comprehensive strategic cooperation agreement with the Hong Kong Advanced Institute of Research at Sun Yat-sen University [1] - Mingyuan Cloud (00909) plans to acquire 100% equity of ASIOT Corporation for 700 million yen [1] - Weilu Group (01196) experienced unusual stock price and trading volume changes and is in preliminary discussions with an independent third party regarding a potential acquisition of mobile game rights [1] Operating Performance - China Unicom (00762) reported revenue exceeding 200 billion yuan in the first half of the year, with a profit attributable to equity holders of 14.484 billion yuan, a year-on-year increase of 5.01% [1] - China Unicom (00762) had approximately 1.208 billion cumulative "Ubiquitous Intelligent Connection" users in the second quarter [1] - Tencent Music (01698) achieved double growth in revenue and profit in the first half of the year, with a profit attributable to equity holders of 6.7 billion yuan, a year-on-year increase of 115.85% [1] - Galaxy Entertainment (00027) reported a mid-term profit attributable to shareholders of 5.24 billion HKD, a year-on-year increase of 19.44% [1] - WH Group (00288) reported a mid-term profit attributable to shareholders of 788 million USD, a year-on-year increase of 0.51%, with an interim dividend of 0.2 HKD per share [1] - Minmetals Resources (01208) reported a mid-term profit attributable to equity holders of 340 million USD, a year-on-year increase of 1511% [1] - China Literature Group (00772) reported a mid-term profit attributable to shareholders of 850 million yuan, a year-on-year increase of 68.5% [1] - Hong Kong Electric (02638) reported a mid-term profit attributable to unit holders of 1.001 billion HKD, a year-on-year increase of 5.7% [1] - 361 Degrees (01361) reported a mid-term profit attributable to equity holders of 858 million yuan, a year-on-year increase of 8.6% [1] - Eagle Precision (01286) reported a mid-term profit attributable to equity holders of 346 million HKD, a year-on-year increase of 13.7% [1] - China Everbright Water (01857) reported a mid-term profit attributable to equity holders of 564 million HKD, a year-on-year decrease of 2.99% [1] - FIT HON TENG (06088) reported a mid-term profit attributable to shareholders of 31.511 million USD, a year-on-year decrease of 3.11% [1] - China Lilang (01234) reported a mid-term profit attributable to equity holders of 243 million yuan, a year-on-year decrease of 13.4% [1] - Fudan Zhangjiang (01349) reported a mid-term profit attributable to shareholders of 5.715 million yuan, a year-on-year decrease of 91.89% [1] - Wharf Holdings (00004) reported a mid-term profit attributable to shareholders of 535 million HKD, returning to profitability [1] - China Resources Land (01109) reported a cumulative contract sales amount of approximately 123.6 billion yuan for the first seven months, a year-on-year decrease of 11.8% [1]

Core Viewpoint - The company reported a mixed performance for the half-year ending June 30, 2025, with a slight increase in net profit but a significant decline in revenue and operating profit across various segments [1]. Financial Performance Summary - The group's underlying net profit increased by 3% to HKD 2.035 billion, primarily due to reduced interest expenses and taxes [1]. - Total revenue decreased by 19% to HKD 5.669 billion, down from HKD 7.032 billion in 2024 [1]. - Operating profit fell by 14% to HKD 2.657 billion, compared to HKD 3.085 billion in 2024 [1]. Segment Performance Summary - Investment property revenue decreased by 4% to HKD 2.281 billion, with operating profit down 6% to HKD 1.484 billion, attributed to soft rental rates for malls and offices [1]. - Development property revenue plummeted by 64% to HKD 739 million, with operating profit down 82% to HKD 71 million, with only one sale recognized during the period [1]. - Hotel revenue increased by 7% to HKD 312 million, but the segment recorded an operating loss of HKD 11 million, primarily due to the early operational phase of new hotels in Changsha [1]. - Logistics revenue slightly rose to HKD 1.076 billion, with operating profit up 11% to HKD 137 million, driven by increased throughput in mainland China [2]. - Investment operating profit decreased by 2% to HKD 1 billion, due to reduced dividend income [3].

期內，集团基础净盈利增加3%至20.35亿港元，主要因为利息支出和税项减少。投资物业收入减少4%至 22.81亿港元；发展物业收入下跌64%至7.39亿港元；酒店收入上升7%至3.12亿港元；物流收入微升至 10.76亿港元；投资营业盈利下跌2%至10亿港元。 本文源自财华网 【财华社讯】九龙仓集团(00004.HK)公布，截至2025年6月30日止六个月，收入约56.69亿港元，同比减 少19.38%；股东应占盈利5.35亿港元，上年同期则为亏损26.37亿港元；每股盈利0.18港元。拟派中期股 息0.2港元。 ...

中新网11月2日电(中新财经记者 左宇坤)伴随着各上市房企接连披露第三季度业绩报告，前10个月的销 售排行榜也随之出炉。备受关注的头部房企间，出现了一些排名的位移与发展的分化。 在三季度一轮轮高频次、大力度政策利好释放后，各地楼市已经历了需求逐渐入市、成交冲高回落的过 程。持续筑底中，房企该如何在四季度的"抢收战"中抢占先机？ "领头羊"有变 中指研究院发布的《2023年1-10月中国房地产企业销售业绩排行榜》显示，TOP100房企前10月销售总 额为52977亿元，同比下降13.1%。 在市场处于调整期的大背景下，房企间的排名也发生了不小的变化。在去年的1-10月销售榜中，销售额 前五强分别是碧桂园、保利发展、万科、中海地产、华润置地；今年的同一个维度下，前五名变成了保 利发展、万科、中海地产、华润置地、招商蛇口。 经过一年市场调整，保利发展与万科依然是闪亮的"双子星"。其中，保利发展以领先第二名565.5亿元 的优势稳居行业榜首，这一差距可谓是一个中型房企的销售规模。 在2022年初的保利发展2022年度工作会议上，董事长刘平提出了"进三争一"的新目标。虽说到了今年4 月的2022年度业绩说明会上，管理层 ...

Group 1 - The core viewpoint of the news is that Kowloon Warehouse Group reported a 3% increase in underlying net profit to HKD 2.035 billion for the first half of 2025, primarily due to reduced interest expenses and taxes [1] - The group declared an interim dividend of HKD 0.20 per share, totaling HKD 611 million, to be paid on September 16, 2025 [1] Group 2 - The group's revenue decreased by 19% to HKD 5.669 billion, and operating profit fell by 14% to HKD 2.657 billion [2] - Investment property revenue declined by 4% to HKD 2.281 billion, with operating profit down 6% to HKD 1.484 billion, attributed to soft rental rates for malls and offices [2] - Development property revenue plummeted by 64% to HKD 739 million, with operating profit dropping 82% to HKD 71 million, with only one sale recognized in Hong Kong during the period [2] - Hotel revenue increased by 7% to HKD 312 million, but the segment recorded an operating loss of HKD 11 million due to the initial operations of hotels in Changsha [2] - Logistics revenue slightly increased to HKD 1.076 billion, with operating profit rising 11% to HKD 137 million, driven by increased throughput in mainland China [2] - The group reported an unrealized revaluation loss of HKD 1.18 billion as of June 30, 2025, compared to HKD 481 million in 2024 [2]

Core Viewpoint - Kowloon Warehouse Group (00004) reported a significant turnaround in its financial performance for the half-year ending June 30, 2025, with a notable increase in shareholder profit compared to the previous year [1] Financial Performance - Revenue for the period was HKD 5.669 billion, representing a year-on-year decrease of 19.38% [1] - Shareholder profit reached HKD 535 million, a recovery from a loss of HKD 2.637 billion in the same period last year, indicating a successful turnaround [1] - Basic earnings per share were HKD 0.18, and the company proposed an interim dividend of HKD 0.2 per share [1] Investment Property Revenue - Investment property revenue decreased by 4% to HKD 2.281 billion, down from HKD 2.364 billion in 2024 [1] - Operating profit from investment properties fell by 6% to HKD 1.484 billion, compared to HKD 1.573 billion in 2024, attributed to soft rental rates for shopping malls and office buildings [1]

Core Viewpoint - Kowloon Warehouse Group (00004) reported a significant turnaround in its financial performance for the half-year period ending June 30, 2025, with a notable increase in profit compared to the previous year [1] Financial Performance - Revenue decreased by 19.38% to HKD 5.669 billion compared to the same period last year [1] - Shareholders' profit amounted to HKD 535 million, a recovery from a loss of HKD 2.637 billion in the previous year, indicating a successful turnaround [1] - Basic earnings per share were reported at HKD 0.18 [1] - The company proposed an interim dividend of HKD 0.2 per share [1] Investment Property Revenue - Investment property revenue fell by 4% to HKD 2.281 billion, down from HKD 2.364 billion in 2024 [1] - Operating profit decreased by 6% to HKD 1.484 billion, compared to HKD 1.573 billion in 2024, attributed to soft rental rates for shopping malls and office buildings [1]

EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 九龍倉集團有限公司 | | 股份代號 | 00004 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至二○二五年六月三十日止半年度中期股息 | | | 公告日期 | 2025年8月12日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.2 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.2 HKD | | 匯率 | 1 HKD : 1 HKD | | ...

[Performance Summary](index=1&type=section&id=%E6%91%98%E8%A6%81) [Group Performance Overview](index=1&type=section&id=%E9%9B%86%E5%9C%98%E6%A5%AD%E7%B8%BE) The Group achieved a 3% increase in underlying net profit to HKD 2.035 billion, turning around to a HKD 535 million profit attributable to shareholders, while maintaining a low gearing ratio and stable interim dividend Half-Year Core Financial Indicators | Indicator | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Underlying Net Profit | HKD 2.035 billion | HKD 1.979 billion | +3% | | Profit/(Loss) Attributable to Shareholders | HKD 535 million | (HKD 2.637 billion) | Turnaround to Profit | Interim Dividend | Item | Amount | | :--- | :--- | | First Interim Dividend | HKD 0.20 per share | | Total Dividend Payout | HKD 611 million | - The Group's financial strategy emphasizes prudent management, including asset revaluation, maintaining a **low gearing ratio**, and using RMB debt for risk hedging and cost savings[6](index=6&type=chunk) [Business Review](index=2&type=section&id=%E6%A5%AD%E5%8B%99%E8%A9%95%E8%AD%B0) [Macroeconomic Environment](index=2&type=section&id=%E5%AE%8F%E8%A7%80%E7%B6%93%E6%BF%9F%E7%92%B0%E5%A2%83) The global economy faces challenges from tariffs and geopolitical instability, while Hong Kong's residential market shows resilience, Mainland China's property market remains weak, and the Group maintains a healthy financial position with a 4.4% gearing ratio - The global economy faces multiple pressures from **US tariffs**, **policy uncertainties**, and **geopolitical instability**[7](index=7&type=chunk) - The Hong Kong residential market demonstrated resilience, contrasting with the **weak Mainland China property market** and subdued consumer sentiment[7](index=7&type=chunk) - The Group maintained a **healthy financial position** with a **low gearing ratio of 4.4%** and ample liquidity at period-end[7](index=7&type=chunk) [Hong Kong Property](index=2&type=section&id=%E9%A6%99%E6%B8%AF%E7%89%A9%E6%A5%AD) The Group strategically focused on the high-end residential market, achieving a record-breaking sale at Mount Nicholson, yet operating profit for development properties declined despite increased recognized revenue - A penthouse unit at Mount Nicholson sold for **HKD 609 million**, achieving a record-breaking **HKD 144,000 per square foot** for stratified units[8](index=8&type=chunk) Hong Kong Development Property Financial Performance (Share of) | Indicator | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Recognized Revenue | HKD 475 million | - | | Operating Profit | HKD 31 million | HKD 179 million | [Mainland China Investment Property](index=2&type=section&id=%E4%B8%AD%E5%9C%8B%E5%85%A7%E5%9C%B0%E6%8A%95%E8%B3%87%E7%89%A9%E6%A5%AD) Mainland China investment properties faced challenges from weak consumer sentiment, oversupply, and e-commerce trends, leading to pressure on office rents and occupancy, with both segment revenue and operating profit declining Mainland China Investment Property Financial Performance | Indicator | H1 2025 | YoY Change | | :--- | :--- | :--- | | Revenue | HKD 2.244 billion | -4% | | Operating Profit | HKD 1.470 billion | -5% | [Mainland China Development Property](index=3&type=section&id=%E4%B8%AD%E5%9C%8B%E5%85%A7%E5%9C%B0%E7%99%BC%E5%B1%95%E7%89%A9%E6%A5%AD) The Group's decision to halt land replenishment reduced portfolio risk, resulting in limited contracted sales and significant declines in recognized revenue and operating profit, alongside impairment provisions for slow-selling office inventory Mainland China Development Property Financial and Sales Performance (Share of) | Indicator | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Contracted Sales | RMB 859 million | RMB 699 million | | Recognized Revenue | HKD 520 million | - (YoY -79%) | | Operating Profit | HKD 40 million | - (YoY -92%) | | Impairment Provisions | HKD 522 million | HKD 564 million | [Hotels](index=3&type=section&id=%E9%85%92%E5%BA%97) The hotel business faced a challenging environment with pressured room rates and declining Mainland China occupancy due to competition, resulting in an overall operating loss despite revenue growth Hotel Segment Financial Performance | Indicator | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Revenue | HKD 312 million | - (YoY +7%) | | Operating Profit/(Loss) | (HKD 11 million) | HKD 12 million | [Logistics Infrastructure](index=3&type=section&id=%E7%89%A9%E6%B5%81%E5%9F%BA%E5%BB%BA) The logistics business was impacted by shipping alliance restructuring and trade concerns, with Hong Kong throughput declining but Shenzhen terminals growing, leading to a slight revenue increase and double-digit operating profit growth - Throughput at Hong Kong Modern Terminals decreased by **3% to 1.7 million TEUs**, while Shenzhen Da Chan Bay and Shekou Container Terminals grew by **20% and 11%** respectively[12](index=12&type=chunk) Logistics Segment Financial Performance | Indicator | H1 2025 | YoY Change | | :--- | :--- | :--- | | Revenue | HKD 1.076 billion | Slight increase | | Operating Profit | HKD 137 million | +11% | [Outlook](index=3&type=section&id=%E5%B1%95%E6%9C%9B) Future market volatility is expected due to geopolitical and trade uncertainties, while Mainland China's property market faces fundamental recovery challenges, and Hong Kong's property market depends on interest rates and economic recovery, requiring the Group to remain vigilant - Future markets will continue to be impacted by complex external factors like **geopolitical developments** and **trade uncertainties**, limiting global economic growth[15](index=15&type=chunk) - Mainland China's property market recovery faces fundamental challenges including **oversupply**, **weak confidence**, and a **sluggish job market**[15](index=15&type=chunk) [Financial Review](index=4&type=section&id=%E8%B2%A1%E5%8B%99%E8%A9%95%E8%AD%B0) [Interim Results Review](index=4&type=section&id=(I)%20%E4%BA%8C%E2%97%8B%E4%BA%94%E4%BA%94%E5%B9%B4%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E8%A9%95%E8%AD%B0) The Group's underlying net profit increased by 3% to HKD 2.035 billion, achieving a turnaround to HKD 535 million profit attributable to shareholders, despite declines in total revenue and operating profit primarily from development properties [Revenue and Operating Profit](index=4&type=section&id=%E6%94%B6%E5%85%A5%E5%8F%8A%E7%87%9F%E6%A5%AD%E7%9B%88%E5%88%A9) Group total revenue decreased by 19% to HKD 5.669 billion and operating profit by 14% to HKD 2.657 billion, primarily due to development property declines and weak investment property rents, while hotels turned to loss and logistics profit rose Revenue and Operating Profit Performance by Business Segment | Business Segment | Revenue Change (YoY) | Operating Profit/Loss Change (YoY) | Main Reason | | :--- | :--- | :--- | :--- | | Investment Property | -4% | -6% | Soft mall and office rents | | Development Property | -64% | -82% | Slow sales of Mainland inventory | | Hotels | +7% | Turnaround from profit to loss | New Changsha hotel in early operation | | Logistics | Slight increase | +11% | Increased Mainland throughput and favorable cargo mix | | Investments | - | -2% | Reduced dividend income | [Profit/(Loss) Attributable to Shareholders](index=5&type=section&id=%E8%82%A1%E6%9D%B1%E6%87%89%E4%BD%94%E7%9B%88%E5%88%A9%EF%BC%8F%EF%BC%88%E虧%E6%90%8D%EF%BC%89) Underlying net profit increased by 3% to HKD 2.035 billion, driven by logistics and development property improvements, but offset by investment property declines, resulting in HKD 535 million profit attributable to shareholders and HKD 0.18 basic EPS after revaluation adjustments Profitability Indicators Comparison | Indicator | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Underlying Net Profit | HKD 2.035 billion | HKD 1.979 billion | | Profit/(Loss) Attributable to Shareholders | HKD 535 million | (HKD 2.637 billion) | | Basic Earnings/(Loss) Per Share | HKD 0.18 | (HKD 0.86) | [Liquidity, Financial Resources and Capital Commitments](index=6&type=section&id=(III)%20%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E3%80%81%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90%E8%88%87%E8%B3%87%E6%9C%AC%E6%89%BF%E6%93%94) The Group maintained a robust financial position with shareholders' equity increasing to HKD 143.3 billion, net debt decreasing to HKD 6.5 billion, and a low 4.4% gearing ratio, supported by ample credit facilities and a liquid investment portfolio [Shareholders' Equity and Asset Position](index=6&type=section&id=%E8%82%A1%E6%9D%B1%E6%AC%8A%E7%9B%8A%E5%8F%8A%E7%B8%BD%E6%AC%8A%E7%9B%8A) As of June 30, 2025, shareholders' equity increased by 5% to HKD 143.3 billion, with NAV per share at HKD 46.89, and total operating assets grew 3% to HKD 185 billion, primarily in property, logistics, and investments Equity and Asset Overview | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Shareholders' Equity | HKD 143.3 billion | HKD 136.8 billion | | Net Asset Value Per Share | HKD 46.89 | HKD 44.77 | | Total Operating Assets | HKD 185.0 billion | HKD 179.6 billion | [Long-Term Investments](index=7&type=section&id=%E9%95%B7%E6%9C%9F%E6%8A%95%E8%B3%87) Long-term investments increased by 15% to HKD 48.4 billion, with listed equities at HKD 39.8 billion, primarily concentrated in Hong Kong across property, new economy, and financial sectors Long-Term Investment Portfolio Analysis (HKD billion) | By Industry | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Property | 19.6 | 17.6 | | New Economy | 14.1 | 12.6 | | Financial & Others | 14.7 | 11.8 | | **Total** | **48.4** | **42.0** | [Net Debt and Gearing Ratio](index=7&type=section&id=%E8%B2%A0%E5%82%B5%E6%B7%A8%E9%A1%8D%E5%8F%8A%E8%B2%A0%E5%82%B5%E6%AF%94%E7%8E%87) Net debt decreased by 9% to HKD 6.5 billion due to operating cash flow and dividend income, maintaining a low 4.4% gearing ratio against total equity Debt Position | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Net Debt | HKD 6.5 billion | HKD 7.1 billion | | Gearing Ratio | 4.4% | 5.0% | [Capital Commitments](index=10&type=section&id=%E6%89%BF%E6%93%94) As of June 30, 2025, the Group's estimated future capital expenditures total HKD 17.6 billion, with HKD 9.5 billion committed primarily for development and investment property construction in Hong Kong and Mainland China Future Major Expenditure Commitments (HKD million) | Segment | Committed | Uncommitted | Total | | :--- | :--- | :--- | :--- | | Investment Property | 33 | 6,448 | 6,481 | | Development Property | 8,120 | 1,643 | 9,763 | | Others | 1,336 | 55 | 1,391 | | **Group Total** | **9,489** | **8,146** | **17,635** | [Human Resources](index=10&type=section&id=(IV)%20%E4%BA%BA%E5%8A%9B%E8%B3%87%E6%BA%90) As of June 30, 2025, the Group employed approximately 6,000 staff, with remuneration based on responsibilities and market trends, including discretionary performance bonuses linked to individual and Group performance - The Group employed approximately **6,000 staff**, with about **1,200** in management operations[45](index=45&type=chunk) [Consolidated Financial Statements](index=11&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) [Consolidated Income Statement](index=11&type=section&id=%E7%B6%9C%E5%90%88%E6%94%B6%E7%9B%8A%E8%A1%A8) The Consolidated Income Statement shows the Group's operating results for the six months ended June 30, 2025, with revenue at HKD 5.669 billion, and a turnaround to HKD 592 million profit from a prior-year loss, largely due to a narrowed fair value decrease in investment properties Key Items from Consolidated Income Statement (HKD million) | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Revenue | 5,669 | 7,032 | | Operating Profit | 2,657 | 3,085 | | Profit/(Loss) Before Tax | 755 | (5,543) | | Profit/(Loss) for the Period | 592 | (2,558) | | Profit/(Loss) Attributable to Company Shareholders | 535 | (2,637) | | Basic Earnings/(Loss) Per Share | HKD 0.18 | (HKD 0.86) | [Consolidated Statement of Comprehensive Income](index=12&type=section&id=%E7%B6%9C%E5%90%88%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) The Consolidated Statement of Comprehensive Income shows a significant improvement to HKD 7.182 billion total comprehensive income for the period, primarily driven by a HKD 5.966 billion gain from fair value changes in equity investments, compared to a prior-year comprehensive loss Key Items from Consolidated Statement of Comprehensive Income (HKD million) | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Profit/(Loss) for the Period | 592 | (2,558) | | Fair Value Change of Equity Investments | 5,966 | (4,920) | | Other Comprehensive Income for the Period | 6,590 | (5,073) | | Total Comprehensive Income for the Period | 7,182 | (7,631) | [Consolidated Statement of Financial Position](index=13&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) The Consolidated Statement of Financial Position as of June 30, 2025, shows total assets at HKD 198.606 billion, total liabilities at HKD 49.565 billion, and net assets at HKD 149.041 billion, all increasing from year-end 2024 Key Items from Consolidated Statement of Financial Position (HKD million) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Non-current Assets | 148,390 | 142,597 | | Current Assets | 50,216 | 47,442 | | **Total Assets** | **198,606** | **190,039** | | Total Liabilities | (49,565) | (47,569) | | **Net Assets** | **149,041** | **142,470** | | Shareholders' Equity | 143,304 | 136,832 | [Notes to the Financial Statements](index=14&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E4%B8%AD%E6%9C%9F%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99%E9%99%84%E8%A8%BB) [Segment Information](index=15&type=section&id=2.%20%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) This note details revenue and performance for the Group's five operating segments, highlighting investment property and investments as key operating profit contributors, with Mainland China generating most revenue and Hong Kong showing stable operating profit Revenue and Operating Profit by Business Segment (H1 2025, HKD million) | Business Segment | Revenue | Operating Profit/(Loss) | | :--- | :--- | :--- | | Investment Property | 2,281 | 1,484 | | Development Property | 739 | 71 | | Hotels | 312 | (11) | | Logistics | 1,076 | 137 | | Investments | 1,000 | 1,000 | Revenue and Operating Profit by Geographical Segment (H1 2025, HKD million) | Region | Revenue | Operating Profit | | :--- | :--- | :--- | | Hong Kong | 2,316 | 1,147 | | Mainland China | 3,219 | 1,379 | | Others | 134 | 131 | [Dividends Attributable to Shareholders](index=21&type=section&id=8.%20%E8%82%A1%E6%9D%B1%E6%87%89%E4%BD%94%E8%82%A1%E6%81%AF) The Board declared a first interim dividend of HKD 0.20 per share for the half-year ended June 30, 2025, consistent with the prior year, totaling HKD 611 million First Interim Dividend Details | Item | 2025 | 2024 | | :--- | :--- | :--- | | Dividend Per Share | HKD 0.20 | HKD 0.20 | | Total Dividend | HKD 611 million | HKD 611 million | [Other Information](index=23&type=section&id=%E5%85%B6%E4%BB%96%E8%B3%87%E8%A8%8A) [Corporate Governance Code](index=23&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%89%87) The company complied with the Corporate Governance Code, except for the combined Chairman and CEO roles, which the Board believes enhances strategic efficiency and maintains a balance of power - The company deviated from Corporate Governance Code Rule C.2.1 regarding the separation of **Chairman and CEO roles**, which the Board considers more effective[68](index=68&type=chunk) [Interim Dividend Related Dates](index=23&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF%E7%9B%B8%E9%97%9C%E6%97%A5%E6%9C%9F) The announcement details the 2025 first interim dividend payment schedule, requiring share transfer documents by September 1, 2025, with the dividend payable on September 16 Key Dividend Payment Dates | Item | Date | | :--- | :--- | | Ex-dividend Date | August 29, 2025 | | Latest Time for Lodging Transfer Documents | September 1, 2025 | | Record Date | September 1, 2025 | | Payment Date | September 16, 2025 |

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 九龍倉集團有限公司 | | | 呈交日期: | 2025年8月6日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 第 2 頁 共 10 頁 v 1.1.1 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） | 1. 股份分類 | | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號(如上市) | | 00004 | 說明 | | | | | | | | | 股份期權計劃詳情 | | 上月底結存的股份期權數 目 | 本月 ...