EF001 第 2 頁 共 2 頁 v 1.1.1 免責聲明 EF001 | 發行人所發行上市權證/可轉換債券的相關信息 | | | --- | --- | | 發行人所發行上市權證/可轉換債券 | 不適用 | | 其他信息 | | | 其他信息 | 不適用 | | 發行人董事 | | | 於本公布日期，董事會成員包括執行董事羅嘉瑞醫生（主席及董事總經理）、羅孔瑞先生、羅慧端女士、羅俊謙先生、簡德光先生 （總經理）、朱錫培先生及潘嘉陽教授；非執行董事羅杜莉君女士、羅康瑞先生及羅鷹瑞醫生；及獨立非執行董事王于漸教授、李 | | | 王佩玲女士、朱琦先生、何述勤先生及施穎茵女士。 | | | 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 | 鷹君集團有限公司 | | 股份代號 | 00041 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適 ...

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布的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不對因本公布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。 （股份代號：41） 2025 年中期業績公布 鷹君集團有限公司（「本公司）」）董事會（「董事會」）宣布，本公司及其附屬公司（統稱「本 集團」）」截至2025年6月30日止六個月未經審核之綜合財務業績如下： | | 截至 6 月 | 30 | 日止六個月 | | | --- | --- | --- | --- | --- | | | 年 2025 | | 年 2024 | | | | 百萬港元 | | 百萬港元 | 變動 | | 收益表之主要財務數據 | | | | | | 1 按核心業務計 | | | | | | 核心業務收益 | 4,000.0 | | 3,791.0 | 5.5% | | 權益持有人應佔除稅後核心溢利 | 597.3 | | 735.8 | -18.8% | | 權益持有人應佔除稅後核心溢利（每股） | 0.80 港元 | | 0.98 港元 | | | 2 按法定會計準則計 | | ...

Key Points - The top three companies with net inflows from southbound funds are Xinda Biopharmaceutical (01801) with 835 million, China Life (02628) with 403 million, and AIA Insurance (01299) with 373 million [1][2] - The top three companies with net outflows are the Tracker Fund of Hong Kong (02800) with -6.679 billion, Hang Seng China Enterprises (02828) with -2.584 billion, and Anta Sports (02020) with -782 million [1][2] - In terms of net inflow ratio, Canggang Railway (02169) leads with 66.05%, followed by Bosideng (03998) with 49.50%, and Zhengzhou Bank (06196) with 48.61% [1][2] - The companies with the highest net outflow ratios include Skyworth Group (00751) at -52.19%, Anta Sports (02020) at -50.20%, and Ruipu Lanjun (00666) at -44.79% [1][2] Net Inflow Rankings - The top ten companies by net inflow include: - Xinda Biopharmaceutical (01801) with 835 million and a closing price of 95.000 (+8.82%) [2] - China Life (02628) with 403 million and a closing price of 22.800 (+0.71%) [2] - AIA Insurance (01299) with 373 million and a closing price of 76.400 (+3.03%) [2] - Other notable companies include Ideal Automotive (02015) with 365 million and a closing price of 97.150 (+3.30%) [2] Net Outflow Rankings - The top ten companies by net outflow include: - Tracker Fund of Hong Kong (02800) with -6.679 billion and a closing price of 26.080 (+2.35%) [2] - Hang Seng China Enterprises (02828) with -2.584 billion and a closing price of 93.760 (+2.76%) [2] - Anta Sports (02020) with -782 million and a closing price of 90.000 (+0.22%) [2] - Other significant outflows include Alibaba (09988) with -267 million and a closing price of 123.700 (+6.09%) [2] Net Inflow Ratio Rankings - The top companies by net inflow ratio include: - Canggang Railway (02169) with 66.05% and a closing price of 1.310 (-0.76%) [3] - Bosideng (03998) with 49.50% and a closing price of 4.600 (+0.66%) [3] - Zhengzhou Bank (06196) with 48.61% and a closing price of 1.410 (-2.08%) [3] Net Outflow Ratio Rankings - The top companies by net outflow ratio include: - Skyworth Group (00751) with -52.19% and a closing price of 3.260 (+1.24%) [3] - Anta Sports (02020) with -50.20% and a closing price of 90.000 (+0.22%) [3] - Ruipu Lanjun (00666) with -44.79% and a closing price of 12.160 (+5.28%) [3]

Core Viewpoint - The Anhui Provincial High People's Court issued a final judgment against Zhang Feng, a significant shareholder of Huitian New Materials, sentencing him to seven years and nine months in prison for manipulating the securities market, along with a fine of 150 million RMB. The company stated that this matter would not affect its daily operations [2][4]. Summary by Relevant Sections - **Judicial Outcome** - The court's decision reduced Zhang Feng's initial sentence from eight years to seven years and nine months while maintaining the fine of 150 million RMB for the crime of manipulating the securities market [4][6]. - **Legal Analysis** - Legal experts suggest that the reduction in sentence may be related to potential cooperation or contributions made by Zhang Feng during the legal process. The absence of "confiscation of illegal gains" in the second judgment may also indicate a difference in the legal interpretation between the two rulings [7][8]. - **Company Impact** - Huitian New Materials confirmed that Zhang Feng, who is the founder and former chairman, has not held any executive roles since January 2022 and that the legal issues surrounding him will not impact the company's operational activities. As of the end of 2024, Zhang Feng holds 7.49% of the company's shares [8].

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布的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公布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。 （股份代號: 41） 董事會會議召開日期 鷹君集團有限公司（「本公司」）之董事會（「董事會」）謹此宣布，本公司將於 2025年8月26日（星期二）召開董事會會議，藉以（其中包括）批准本公司及其附屬公 司截至2025年6月30日止六個月之中期業績公布，以及考慮派發中期股息（如有）。 承董事會命 鷹君集團有限公司 公司秘書 黃美玲 香港，2025 年 8 月 7 日 於本公布日期，董事會成員包括執行董事羅嘉瑞醫生（主席及董事總經理）、 羅孔瑞先生、羅慧端女士、羅俊謙先生、簡德光先生（總經理）、朱錫培先生及 潘嘉陽教授；非執行董事羅杜莉君女士、羅康瑞先生及羅鷹瑞醫生；及獨立非執行董事 王于漸教授、李王佩玲女士、朱琦先生、何述勤先生及施穎茵女士。 ...

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: 鷹君集團有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 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) | 00041 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,200,000,000 | HKD | | 0.5 HKD | | 600,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,200,000,000 | HKD | | 0.5 HKD | | 600,000,000 | 本月底法定/註冊股本總額： HKD 600,000, ...

Financial Performance - For the fiscal year 2024, the core business after-tax profit was approximately HKD 1,553 million[6]. - Core business revenue for 2024 reached HKD 7,833.1 million, an increase of 4.1% compared to HKD 7,522.3 million in 2023[17]. - Equity holders' post-tax core profit decreased by 16.4% to HKD 1,553.0 million from HKD 1,858.1 million year-on-year[17]. - Total revenue under statutory accounting standards was HKD 10,878.5 million, up 2.2% from HKD 10,644.2 million in the previous year[17]. - The overall operating income declined by 8.7% to HKD 2,885.6 million from HKD 3,161.2 million in the previous year[32]. - The total assets of the group amounted to HKD 99,404 million, with total liabilities of HKD 36,378 million, resulting in a net asset value of HKD 63,026 million[27]. - The group's overall performance remains resilient, with a financial cost increase of 15.4% to HKD 512.0 million due to rising interest rates[34]. - The consolidated financial cost for the year amounted to HKD 1,543 million, with an interest coverage ratio of 2.5 times[95]. Dividends - The proposed final dividend for the year ending December 31, 2024, is HKD 0.50 per share, consistent with the previous year[12]. - The total dividend for the fiscal year 2024 is expected to be HKD 0.87 per share, unchanged from 2023[12]. - The mid-term dividend of HKD 0.37 per share was distributed on October 15, 2024[12]. - The group maintained a consistent annual dividend of HKD 0.87 per share for both 2024 and 2023[17]. Property and Development Projects - The company is involved in several development projects, including two premium residential projects in Hong Kong and two hotel development projects in Tokyo and Venice[5]. - The total number of hotel rooms in the company's portfolio exceeds 11,000 across 31 hotels globally[6]. - The residential development project "Lang Hin Peak" in Ho Man Tin has sold 62.5% of its total usable area, generating approximately HKD 9.3 billion in sales proceeds[78]. - The joint development project in Kai Tak has a total land price of HKD 5.35 billion, with a total gross floor area of approximately 992,270 square feet[79]. - The joint development project in Kowloon City has a total land price of HKD 1.934 billion, with a total gross floor area of approximately 414,920 square feet[80]. - The total gross floor area for the Tokyo hotel redevelopment project is approximately 380,000 square feet, with a flagship hotel featuring 270 rooms designed by Kengo Kuma & Associates[83]. - The Venice Murano Island hotel project has a total building area of approximately 170,000 square feet and is set to feature 133 rooms, with construction starting in Q2 2024[86]. Financial Position and Debt - As of December 31, 2024, the group's consolidated net debt is HKD 25,097 million, a decrease of HKD 3,314 million from HKD 28,411 million on December 31, 2023, primarily due to positive cash flow from operations[87]. - The group's equity attributable to shareholders is HKD 54,089 million as of December 31, 2024, down from HKD 56,779 million a year earlier, mainly due to valuation losses on investment properties[87]. - The group's leverage ratio is 36.1% as of December 31, 2024, down from 39.5% a year earlier, reflecting a decrease in net debt[88]. - The total borrowings of the group, including medium-term notes and other loans, amounted to HKD 31,978 million as of December 31, 2024, compared to HKD 34,378 million on December 31, 2023[91]. Market Outlook - The outlook for 2025 indicates potential disruptions to global trade and investment flows due to geopolitical tensions and rising interest rates, impacting economic growth in mainland China and Hong Kong[99]. - The hotel division's outlook remains stable despite operational challenges, including labor shortages and rising costs, with a focus on cost control and innovation[100]. - The office rental market is under pressure due to high inventory levels, with expectations of continued rental pressure on specific properties[100]. Environmental and Sustainability Initiatives - The company aims to reduce energy consumption by 30% and carbon emissions by 46% by 2030, using 2019 as the baseline[114]. - Since 2019, the overall energy consumption and carbon emissions have decreased by 12.2% and 25.9%, respectively[114]. - The company has identified three main climate risks: typhoons, extreme rainfall leading to flooding, and extreme heat[110]. - The company has installed smart water meters in key properties, with no leaks detected, resulting in a 1.4% reduction in overall water consumption since 2019[114]. - Over 12 tons of oyster shells have been converted into sustainable cement products as part of the "Oyster Shell Upgrade and Reuse Program"[115]. - The company has launched a tenant engagement program called "EcoChampion Pledge" to enhance climate change adaptation and mitigation measures for over 30 tenants[122]. Corporate Governance - The company updated its anti-fraud, bribery, and corruption policies, as well as its employee conduct code and privacy policy in 2024[144]. - The board consists of 35% executive directors, 33% non-executive directors, and 47% independent non-executive directors, ensuring a diverse governance structure[160]. - The board has established a comprehensive governance policy framework, including anti-fraud, bribery, and corruption policies[146]. - The board's responsibilities include approving significant business expansions and changes to the capital structure[163]. - The board held a total of four meetings during the fiscal year ending December 31, 2024, with all meetings conducted via teleconference or video conference[176]. Employee and Director Remuneration - A total of 6,155,000 stock options were granted to eligible employees under the 2019 stock option plan, officially announced on March 20, 2024[144]. - The remuneration policy for executive directors is based on their skills, knowledge, responsibilities, and the company's financial performance, with no director participating in decisions regarding their own remuneration[196]. - The annual director's remuneration for each director is set at HKD 220,000 for the year ending December 31, 2024[197].

Financial Performance - Core business revenue for the year ended December 31, 2024, was HKD 7,833.1 million, an increase of 4.1% from HKD 7,522.3 million in 2023[3] - Equity holders' post-tax core profit decreased by 16.4% to HKD 1,553.0 million, down from HKD 1,858.1 million in the previous year[3] - Total revenue according to statutory accounting standards was HKD 10,878.5 million, reflecting a 2.2% increase from HKD 10,644.2 million in 2023[3] - Total revenue for the year ended December 31, 2024, was HKD 10,878.5 million, an increase of 2.2% compared to HKD 10,644.2 million in 2023[11] - The company reported a net loss of HKD 2,396,773,000 for the year, compared to a profit of HKD 828,037,000 in 2023[105] - Basic and diluted loss per share was HKD 2.32, compared to earnings of HKD 1.02 per share in the previous year[105] - The company reported a loss attributable to shareholders of HKD 1,734,209 for the year[130] - The company reported a loss attributable to shareholders of HKD (1,734,209,000) in 2024, compared to a profit of HKD 763,511,000 in 2023[138] Revenue Breakdown - Property sales revenue increased by 24.7% to HKD 1,340.5 million, compared to HKD 1,075.1 million in 2023[8] - Hotel segment revenue rose by 3.1% to HKD 5,085.2 million, up from HKD 4,932.9 million in the previous year[8] - The net rental income from the Crown Industrial Trust decreased by 6.7% to HKD 1,598.4 million, down from HKD 1,713.7 million in 2023[11] - Rental income from investment properties decreased to HKD 2,342,286 in 2024 from HKD 2,477,189 in 2023, reflecting a decline of approximately 5.5%[121] - The total external revenue from the hotel business was HKD 6,608,501, while the total revenue from property investment was HKD 172,329 in 2024[126] Asset and Liability Management - The total assets of the group as of December 31, 2024, were HKD 99,404 million, with total liabilities of HKD 36,378 million, resulting in a net asset value of HKD 63,026 million[9] - The group’s asset-to-liability ratio was 26.5%, which could decrease to 20.9% when considering the estimated value of owned hotels[6] - The overall net debt of the company decreased to HKD 25,097 million as of December 31, 2024, down from HKD 28,411 million a year earlier, primarily due to positive cash flow from operations[72] - Shareholders' equity, based on professional valuation, decreased to HKD 54,089 million as of December 31, 2024, from HKD 56,779 million a year earlier, mainly due to valuation losses on investment properties[72] - The company's total liabilities surged to HKD 8,827,339,000 in 2024, up from HKD 4,145,142,000 in 2023, indicating a substantial increase of 112.0%[142] Dividend and Shareholder Returns - The interim dividend per share remained stable at HKD 0.37, while the final dividend per share was also maintained at HKD 0.50[3] - The proposed final dividend is HKD 0.50 per share, consistent with the previous year, leading to a total annual dividend of HKD 0.87 per share[86] - The company plans to declare a final dividend of HKD 0.50 per share for the financial year ending December 31, 2024, consistent with the previous year[136] Operational Challenges and Outlook - The group anticipates ongoing challenges due to high inflation and changing consumer preferences, impacting overall profitability[12] - The hotel division's outlook remains stable despite operational challenges, including labor shortages and rising costs, with ongoing efforts to control expenses and innovate in hotel operations[68] - The company is focused on maintaining a cautious approach in operations while actively seeking quality investment opportunities to drive future growth[70] - Future outlook remains positive with ongoing developments in new products and technologies aimed at improving service offerings and customer experience[126] Investment and Development Projects - The group plans to open new hotels under the Ying'nFlo brand in major cities in mainland China by 2025[13] - The group has established a joint venture with a Singapore developer to acquire a hotel portion of a mixed-use development project in Kuala Lumpur, expected to commence operations by the end of 2027[13] - The residential development project "Langham Peak" in Ho Man Tin is set to complete in mid-2025, with 990 units and a total gross floor area of approximately 742,000 square feet[52][54] - The joint development project in Kowloon East has a total land price of HKD 5.35 billion, with a gross floor area of approximately 992,270 square feet[55] - The company remains optimistic about the mid-term outlook for the Hong Kong residential market, supported by increasing housing demand from talent immigration from mainland China[68] Governance and Compliance - The company is committed to strong governance principles to enhance stakeholder confidence and long-term value creation[90] - The company has adhered to most of the corporate governance code provisions as outlined in the Hong Kong Stock Exchange Listing Rules[91] - The audit committee reviewed the company's full-year performance for the year ended December 31, 2024[98] - The company has adopted its own securities trading code, which meets or exceeds the standards set forth in the listing rules[97]

Financial Performance - Core business revenue for the six months ended June 30, 2024, was HKD 3,791 million, representing a 4.4% increase from HKD 3,630 million in the same period of 2023[26]. - Profit attributable to equity holders, after tax, was HKD 735.8 million, a decrease of 33.7% compared to HKD 1,109.5 million in the previous year[26]. - Earnings per share attributable to equity holders after tax was HKD 0.98, down from HKD 1.48 in the same period last year[26]. - Total revenue according to statutory accounting standards was HKD 5,293.5 million, up 4.2% from HKD 5,082.4 million in 2023[26]. - The group recorded a significant increase in other income, which rose by 232.1% to HKD 70.4 million compared to HKD 21.2 million in the previous year[30]. - The group recorded a loss attributable to equity holders of HKD 985.9 million, compared to a profit of HKD 478.7 million in the previous year[34]. - The fair value change of investment properties showed a significant increase of 313.1% to a loss of HKD 1,739.6 million from HKD 421.1 million[34]. - The overall operating income decreased by 16.8% to HKD 1,364.5 million from HKD 1,640.4 million in the previous year[35]. - The company reported a basic and diluted loss per share of HKD 1.32, compared to earnings of HKD 0.64 per share in the prior year[129]. - The total comprehensive loss for the period was HKD 1,762,378, compared to a comprehensive income of HKD 373,877 in the same period last year[130]. Revenue Breakdown - Property sales revenue increased by 31.1% to HKD 769.3 million compared to HKD 586.8 million in the previous year[30]. - The total income from the hotel segment is HKD 2,322.1 million, a 3.2% increase from HKD 2,250.2 million in 2023[30]. - Hotel segment revenue rose by 4.2% to HKD 3,094.0 million from HKD 2,970.4 million[34]. - The hotel division total revenue increased by 3.2% year-on-year to HKD 2,322.1 million for the reporting period[41]. - Hotel revenue increased to HKD 3,065,345, up 4.1% from HKD 2,943,290 in the previous year[143]. - Total revenue from customer contracts for the six months ended June 30, 2024, was HKD 3,879,584, up from HKD 3,813,233 in the previous year, indicating a growth of approximately 1.7%[145]. Asset and Liability Management - The total assets of the group as of June 30, 2024, amount to HKD 98,228 million, with total liabilities of HKD 34,364 million[32]. - The group's equity attributable to shareholders was HKD 55,168 million as of June 30, 2024, down from HKD 56,779 million on December 31, 2023, mainly due to valuation losses on investment properties and financial instruments[62]. - The group's leverage ratio increased to 40.4% as of June 30, 2024, compared to 39.5% on December 31, 2023, reflecting the inclusion of liabilities from subsidiaries[62]. - The total borrowings of the group, including medium-term notes and other loans, reached HKD 34,687 million as of June 30, 2024, compared to HKD 34,378 million on December 31, 2023[65]. - The group has a total of HKD 24,410 million in floating-rate bank loans and HKD 10,277 million in fixed-rate borrowings, indicating a 70.4% and 29.6% distribution respectively[66]. Development Projects - The group is developing two premium residential projects in Hong Kong and has joint ventures in two additional projects in the region[4]. - The company has ongoing hotel development projects in San Francisco, Seattle, Tokyo, and Venice[4]. - The residential development project "Lang Hin Fung" in Ho Man Tin is expected to complete in Q2 2025, with over 50% of the 990 units pre-sold, generating approximately HKD 7.6 billion in sales proceeds as of June 30, 2024[58]. - The total land price for the Kowloon Kai Tak NKIL 6590 joint development project is HKD 5.35 billion, with the company holding a 20% stake[59]. - The total gross floor area for the KIL 11290 project is approximately 414,920 square feet, planning to develop around 640 residential units[60]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, as evidenced by the composition of its audit, remuneration, and nomination committees[78][79][80]. - The company updated its anti-fraud, bribery, and corruption policies, as well as the employee code of conduct, aiming for exemplary corporate governance standards[91]. - The company has adopted a board independence policy to ensure independent opinions are available to the board, which is reviewed annually[91]. - The company emphasizes strong governance principles to enhance corporate image and reduce fraud risk, creating long-term value for stakeholders[89]. - The company has a comprehensive governance policy framework, including anti-fraud and bribery policies, and a code of conduct for employees[90]. Market Outlook - The company maintains a cautious yet optimistic outlook on the Hong Kong property market, anticipating strong rental demand despite economic uncertainties[72]. - The hotel division is expected to remain stable, benefiting from increased global air capacity, although operating cost pressures persist[73]. - The anticipated interest rate cuts in the second half of 2024 are expected to lower borrowing costs and enhance profitability for the company[73]. - The company plans to continue upgrading facilities in phases to improve tenant welfare and attract more tenants with smart and eco-friendly features[73]. - The company plans to continue expanding its market presence, particularly in the United States and Canada, where revenue growth has been observed[152]. Shareholder Information - The company declared an interim dividend of HKD 0.37 per share for the six months ended June 30, 2024, consistent with the previous year's interim dividend[17]. - As of June 30, 2024, the company has issued a total of 747,723,345 shares, with no new shares issued in the six months ending on that date[98]. - Major shareholders include HSBC International Trustee Limited with 315,009,622 shares (42.13% of issued share capital) and Powermax Agents Limited with 246,937,926 shares (33.03%)[124]. - The company has a total of 254,664,393 shares (34.06%) held in trust by HSBC International Trustee Limited for certain directors[125]. Financial Instruments and Risk Management - The company manages interest rate risk associated with floating-rate borrowings through these financial instruments[199]. - The company also utilizes foreign exchange derivative contracts to mitigate risks from currency fluctuations[199]. - The company has entered into interest rate swaps with a total nominal amount of HKD 1,500,000,000, maintaining the same amount as of December 31, 2023[199]. - The interest rate for the swaps ranges from 3.975% to 3.995%, consistent with the previous reporting period[199].

Financial Performance - Core business revenue for the six months ended June 30, 2024, was HKD 3,791.0 million, an increase of 4.4% compared to HKD 3,630.0 million in 2023[3]. - The attributable core profit after tax for equity holders was HKD 735.8 million, a decrease of 33.7% from HKD 1,109.5 million in the previous year[3]. - Total revenue according to statutory accounting standards was HKD 5,293.5 million, up 4.2% from HKD 5,082.4 million in 2023[4]. - The company recorded a loss attributable to equity holders of HKD 985.9 million, compared to a profit of HKD 478.7 million in the same period of 2023[20]. - The net loss attributable to shareholders for the six months ended June 30, 2024, was HKD 1,343,606,000, a significant decline from a profit of HKD 495,876,000 in the same period of 2023[88]. - The company reported a total comprehensive loss of HKD 1,762,378,000 for the first half of 2024, compared to a comprehensive income of HKD 373,877,000 in the same period of 2023[88]. - Total revenue for the six months ended June 30, 2024, was HKD 5,293,488, representing an increase of 4.2% from HKD 5,082,425 in the same period of 2023[96]. Revenue Breakdown - Property sales revenue increased by 31.1% to HKD 769.3 million from HKD 586.8 million in the previous year[7]. - Hotel segment revenue was HKD 2,322.1 million, a 3.2% increase from HKD 2,250.2 million[8]. - The total rental income was HKD 84.2 million, reflecting a 2.2% increase from HKD 82.4 million[9]. - Hotel revenue for the six months ended June 30, 2024, reached HKD 3,065,345, an increase of 4.1% from HKD 2,943,290 in the same period of 2023[96]. - Revenue from property sales surged to HKD 769,286, up 31.0% from HKD 586,817 in the prior year[96]. Operating Income and Expenses - The company’s core operating income decreased by 16.8% to HKD 1,364.5 million from HKD 1,640.4 million in the previous year[12]. - Total operating revenue decreased by 16.8% to HKD 1,364.5 million, primarily due to a lack of sales revenue from the previous year[22]. - Administrative, sales, and other expenses increased by 9.7% to HKD 249.6 million in the first half of 2024, compared to HKD 227.5 million in the same period of 2023[24]. - Financial costs rose by 39.0% to HKD 260.7 million in the first half of 2024, up from HKD 187.5 million in the same period of 2023[24]. Asset and Liability Management - The total assets as of June 30, 2024, amounted to HKD 95,152,071,000, an increase from HKD 88,440,942,000 at the end of 2023, indicating a growth of approximately 7.7%[89]. - The total equity attributable to shareholders decreased to HKD 54,551,003,000 as of June 30, 2024, from HKD 56,156,763,000 at the end of 2023, a decline of about 2.9%[90]. - The company's current liabilities decreased to HKD 14,401,898,000 as of June 30, 2024, from HKD 22,722,227,000 at the end of 2023, a reduction of approximately 36.7%[89]. - The group's consolidated net borrowings amounted to HKD 28,128 million, a decrease of HKD 283 million from HKD 28,411 million on December 31, 2023, primarily due to positive cash flow from operations[62]. Investment and Development Projects - The company recorded approximately HKD 7.6 billion in sales from the pre-sale of "朗賢峯" since its launch in late April 2024[5]. - The company plans to expand its mid-range brand Ying'nFlo with several new locations in mainland China by 2025[21]. - The residential development project "Lang Hin Peak" in Ho Man Tin has sold over half of its units, generating approximately HKD 7.6 billion in sales proceeds as of June 30, 2024[51]. - The Tokyo hotel redevelopment project has a planned gross floor area of approximately 380,000 square feet, with a flagship hotel designed by Kengo Kuma & Associates[55]. Market Outlook and Strategy - The company maintains a cautious optimism regarding the mid-term outlook for the Hong Kong property market, despite ongoing economic uncertainties and high inventory levels[60]. - The group continues to explore new strategies for market expansion and product development[101]. Corporate Governance and Shareholder Information - The board declared an interim dividend of HKD 0.37 per share for the six months ended June 30, 2024, consistent with the previous year[71]. - The company has issued a total of 747,723,345 shares as of June 30, 2024, with no new shares issued during the six-month period[83]. - The company has maintained over 25% of its issued shares held by the public, ensuring sufficient public float[84]. - The 2024 Share Option Plan was approved by shareholders on May 29, 2024, effective for 10 years, aligning with the revised listing rules effective January 1, 2023[80].