Financial Data and Key Metrics Changes - The group's underlying profit for the year ended June 30, 2025, was approximately HKD 21.9 billion, reflecting a year-on-year increase of 0.5% driven by high profits from trading and investment properties and lower finance costs, partially offset by impairment provisions of four development properties [3][4] - Reported profit increased by 1.2% year-on-year to HKD 19.3 billion, with underlying earnings per share up 0.5% to HKD 7.54 and reported earnings per share up 1.2% to HKD 6.65 [4][5] - The group's net debt as of June was HKD 93.3 billion, with a net gearing ratio improved to 15.1% from 17.8% in December [5][6] Business Segment Data and Key Metrics Changes - Property Development profit increased by 5.6% to approximately HKD 8.3 billion, mainly due to higher contributions from the Mainland [4] - Net rental income from the Property Rental segment decreased by 3.2% to around HKD 18.4 billion, attributed to a 3.5% drop in net rental income from the Hong Kong portfolio and a 3.2% decrease from the Mainland portfolio [4][14] - The hotel business recorded an operating profit of HKD 615 million, down from HKD 650 million in FY 2024 [5][26] Market Data and Key Metrics Changes - The group's total land bank in Hong Kong was about 57.4 million square feet, including 37.7 million square feet of completed properties and 19.7 million square feet under development [9] - Contracted sales in Hong Kong increased by 6% year-on-year to HKD 26 billion, with major contributors including Yoho West Phase 1 and Novo Land Phase 3B [11] - The Mainland's recognized property sales rose by 214% year-on-year to about HKD 8.4 billion, primarily due to higher sales volume of residential units [21] Company Strategy and Development Direction - The company aims to maintain a stable base of recurring income while leveraging its quality brand and products to drive sales [7][31] - Future projects include Kuala Lumpur Sky Mall and High Speed Rail West Kowloon Terminus development, with a focus on high asset turnover in property development [32][42] - The company plans to adopt a proactive leasing approach and strengthen relationships with tenants to enhance competitive edge [31][43] Management Comments on Operating Environment and Future Outlook - The management noted that the global environment remains volatile, but monetary easing and a growing tourism industry in Hong Kong are expected to drive moderate economic growth [30] - The residential market in Hong Kong is showing signs of stabilization, with expectations of improved buyer confidence and transaction volumes [30][38] - The company remains confident in the long-term prospects of both the Mainland and Hong Kong markets, supported by proactive fiscal and monetary measures [46][47] Other Important Information - The group achieved a significant reduction in net finance costs by 24% year-on-year, driven by lower debt and borrowing costs [6] - The company has been recognized for its commitment to ESG, with an upgraded ESG rating to AA [27] Q&A Session Summary Question: Outlook for the Hong Kong residential market and pricing strategy - Management believes the residential market is nearing a bottom, with low interest rates and rising rents encouraging renters to become buyers [52] Question: Contract sales target for Hong Kong in FY 2026 - The target is set at RMB 30 billion, with several projects planned for launch [55] Question: Expectations for government policy support measures - Management anticipates potential relaxation of stamp duty, which could benefit the residential market [58] Question: Land banking appetite and preferences - The company is focused on acquiring residential land in prime locations while also considering commercial investments [59] Question: Prioritization between new investment, debt repayment, and shareholder returns - The company will focus on paying down debt while looking for the right opportunities for investment [64] Question: Dividend policy and share buyback considerations - The company maintains a policy of paying 50% of underlying profit as dividends and does not currently plan for share buybacks [65] Question: Interest cost adjustments and financing strategies - Interest costs have decreased from 4.4% to 3.7%, with a significant portion of debt at fixed rates [66] Question: Preleasing rates for Shanghai ITC and tenant replacement plans - The Shanghai ITC project is progressing well, with Tower A achieving around 80% occupancy [81]

Financial Data and Key Metrics Changes - The group's underlying profit for the year ended June 30, 2025, was approximately HKD 21.9 billion, reflecting a year-on-year increase of 0.5% driven by high profits from trading and investment properties, alongside lower finance costs, partially offset by impairment provisions of HKD 4 billion on development properties [2] - Reported profit increased by 1.2% year-on-year to HKD 19.3 billion [2] - Underlying earnings per share rose by 0.5% to HKD 7.54, while reported earnings per share increased by 1.2% to HKD 6.65 [3] - The net debt as of June was HKD 93.3 billion, with a net gearing ratio improved to 15.1% from 17.8% [4][5] - Interest coverage improved to around six times compared to 4.6 times a year ago, with net finance costs dropping by 24% year-on-year [5] Business Segment Data and Key Metrics Changes - Property Development profit increased by 5.6% to approximately HKD 8.3 billion, mainly due to higher contributions from the Mainland [3] - Net rental income from the Property Rental segment decreased by 3.2% to around HKD 18.4 billion, attributed to a 3.5% drop in net rental income from the Hong Kong portfolio [3] - The hotel business recorded an operating profit of HKD 615 million, unchanged from FY 2024 [4] - The Group's total operating profit for FY 2025 was slightly down to about HKD 32.2 billion [4] Market Data and Key Metrics Changes - The Group's total land bank in Hong Kong was about 57.4 million square feet, with 37.7 million square feet completed and 19.7 million square feet under development [7] - Recognized property sales in Hong Kong increased by 6% year-on-year to HKD 26 billion, with major contributors including Yoho West Phase 1 and Novo Land Phase 3B [9] - Contracted sales not yet recognized amounted to HKD 35.6 billion, with around HKD 30.1 billion expected to be recognized in FY 2026 [11] - The Mainland's recognized property sales rose by 214% year-on-year to about HKD 8.4 billion, primarily due to higher sales volume of residential units [20] Company Strategy and Development Direction - The Group aims to maintain a stable base of recurring income and leverage its quality brand and products to drive sales [6] - The strategy includes a proactive leasing approach to strengthen competitive edge and cultivate long-term relationships with tenants [30] - New projects in Hong Kong include Kuala Lumpur Sky Mall and High Speed Rail West Kowloon Terminus development, while in Shanghai, three ITC projects are under development [31][44] Management's Comments on Operating Environment and Future Outlook - The global economic environment is expected to remain volatile, but monetary easing and lower interest rates may favor economic growth [29] - In Hong Kong, the residential market shows signs of stabilization, with rising home rents and improved buyer confidence anticipated [29] - The Mainland economy is expected to maintain steady growth supported by proactive fiscal and monetary measures [29] - The Group remains confident in the long-term prospects of both the Mainland and Hong Kong markets [44] Other Important Information - The Group's ESG initiatives have been recognized, with an upgrade to AA in the MSGI ESG rating [27] - The Group has introduced innovative retail formats and family-friendly facilities in its malls to enhance shopper experience [15][16] Q&A Session Summary Question: Outlook for the Hong Kong residential market and pricing strategy - Management believes the market is nearing a bottom due to low interest rates and rising rents, which may lead renters to become buyers [50] - Upcoming launches may see more aggressive pricing, especially for projects like Koolen and Sky [52] Question: Contract sales target for Hong Kong in FY 2026 - The target is set at HKD 30 billion, influenced by potential uncertainties in project approvals [54] Question: Expectations for government policy support - Management anticipates potential relaxation of stamp duty, which could benefit the residential market [56] Question: Land banking appetite and focus - The Group is interested in acquiring residential land, particularly in prime locations, while also considering commercial investments [57] Question: Prioritization between new investments, debt repayment, and shareholder returns - The focus is currently on paying down debt and improving liquidity, with land acquisition prioritized when opportunities arise [62] Question: Dividend policy and share buyback considerations - The Group maintains a policy of paying 50% of underlying profit as dividends and does not plan to initiate share buybacks at this time [63] Question: Interest cost adjustments and financing strategies - Interest costs have decreased from 4.4% to 3.7%, with a significant portion of debt at fixed rates [63] Question: Preleasing rates for Shanghai ITC and tenant replacement plans - The Shanghai ITC project is progressing well, with Tower A achieving around 80% occupancy, and management is in talks with potential new tenants for vacant spaces [80][81]

Financial Performance - The underlying profit attributable to the company's shareholders increased by 0.5% to HK$21,855 million in FY2025 [11] - Reported profit attributable to the company's shareholders increased by 1.2% to HK$19,277 million in FY2025 [11] - Property development operating profit in Hong Kong decreased by 50.9% to HK$3,200 million in FY2025 [30] - Property development operating profit in Mainland increased by 281% to HK$5,090 million in FY2025 [72] - Property rental operating profit decreased by 3.2% to HK$18,392 million in FY2025 [12] - Hotel operations operating profit decreased by 5.4% to HK$615 million in FY2025 [12] Financial Position - Net debt decreased to HK$93,298 million as of 30 June 2025 [13] - Gearing ratio decreased to 15.1% as of 30 June 2025 [13] - Fixed-rate or RMB floating debt accounted for 55% of total debt as of 30 June 2025 [19] Land Bank and Property Development - Total land bank in Hong Kong was 57.4 million sq ft as of 30 June 2025 [23] - Total land bank in Mainland was 65.3 million sq ft as of 30 June 2025 [66] - Contracted sales in Hong Kong amounted to approximately HK$42.3 billion in FY2025 [35] - Contracted sales on the Mainland amounted to approximately RMB4.0 billion in FY2025 [78]

Group 1 - The company reported a revenue of HKD 79.721 billion for the fiscal year 2024/25, representing a year-on-year increase of 11.49% [1] - The profit attributable to shareholders was HKD 19.277 billion, showing a year-on-year growth of 1.21% [1]

格隆汇9月4日丨新鸿基地产(00016.HK)公布2024/25年度全年业绩，收入为797.21亿港元，同比增加 11.5%；营业溢利为260.78亿港元，同比减少2.5%；公司股东应占本年度溢利为192.77亿港元，同比增 加1.2%。董事局议决派发末期股息每股港币2.8元。 ...

智通财经APP讯，新鸿基地产(00016)发布公告，将于2025年11月20日派发截至2025年6月30日止年度的 末期股息每股2.8港元。 ...

Group 1 - The company, Sun Hung Kai Properties (00016), announced a final dividend of HKD 2.8 per share for the year ending June 30, 2025, to be distributed on November 20, 2025 [1]

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，概不對因本公告全部或任何部分內容 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。 (於香港註冊成立之有限公司) 股份代號 : 16 ( 港幣櫃台 ) 及 80016 ( 人民幣櫃台 ) 建議採納新組織章程細則 根 據 香港聯合交易所有限公司 證券上市規則 （「 上市規則 」 ） 第 13.51(1)條，新鴻基地產發展有限公司（「本公司」）謹此宣布， 本公司董事局 （「董事局」 ）建議採納一套新的本公司組織章程細則 （「 新 章程細則 」 ），以納入對本公司現有組織章程細則 （「現有 章程細則 」 ）之 若干修訂 （「 建議修訂」 ）， 旨 在 （其中包括 ） (i) 使其與 近 期 修訂之公司條例 （香港法例第六百二十二章 ） （「公司條例 」 ）（有關對在香港註冊 成立之上市發行人實施庫存 股 份 機 制 及採納默示同意機制透過網站發布 公司通訊 ）一致，該修 訂於二○二五年四月十七日 起 生效； (ii) 反 映 自 二○二三年十二月 三十一日起生效 的上市規則有關擴大無紙化上市 ...

Core Viewpoint - Sun Hung Kai Properties (00016) reported a revenue of HKD 79.721 billion for the fiscal year 2024/25, representing an increase of 11.49% year-on-year, with a net profit attributable to shareholders of HKD 19.277 billion, up 1.21% year-on-year [1] Financial Performance - The profit from property sales for the year was HKD 8.29 billion, compared to HKD 7.85 billion the previous year [1] - The total contract sales amount for the year was approximately HKD 46.6 billion based on equity [1] - Basic earnings per share were HKD 6.65, with a proposed final dividend of HKD 2.8 per share [1] Land Bank and Development Projects - As of June 30, 2025, the company's land bank in Hong Kong is approximately 57.4 million square feet, of which about 13.3 million square feet are under development and available for sale [1] - The company has sufficient development projects to meet its needs for the next six to seven years [1] - The remaining portion of the land bank, approximately 37.7 million square feet, consists of diversified completed properties, primarily used for leasing and long-term investment, generating substantial recurring income for the company [1] Future Strategy - The company will continue to adhere to its prudent financial management principles and will seek to replenish its land bank in Hong Kong at appropriate times to drive future business growth [1]

Core Viewpoint - New World Development Company Limited reported a revenue of HKD 79.721 billion for the fiscal year 2024/25, reflecting a year-on-year increase of 11.49% [1] - The company's attributable profit to shareholders was HKD 19.277 billion, up 1.21% year-on-year, with basic earnings per share at HKD 6.65 [1] - A final dividend of HKD 2.8 per share is proposed [1] Group 1: Financial Performance - The profit from property sales amounted to HKD 8.29 billion, compared to HKD 7.85 billion in the previous year [1] - The total contract sales achieved during the year were approximately HKD 46.6 billion based on the company's equity [1] Group 2: Land Reserves and Development - As of June 30, 2025, the company's land reserves in Hong Kong are approximately 57.4 million square feet, with about 13.3 million square feet being developed and available for sale [1] - The company has sufficient development projects to meet its needs for the next six to seven years [1] - The remaining land reserves consist of approximately 37.7 million square feet of diversified completed properties, primarily used for rental and long-term investment, generating substantial recurring income [1] - The company plans to continue its prudent financial management and will seek to replenish its land reserves in Hong Kong at appropriate times to drive future business growth [1]