智通财经APP讯，恒隆地产(00101)发布公告，于2025年9月24日根据有关截至2025年6月30日止六个月的 中期股息的以股代息安排配发5463.45万股新股份。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 恒隆地產有限公司 呈交日期： 2025年9月24日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00101 | 說明 | 不適用 | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 佔有關事件前的現有已發 | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | 事件 | | 已發行股份 ...

Company Overview - Company has enhanced confidence in the operational performance of Shanghai Hang Lung Plaza for the second half of the year and next year, based on recent research findings [1] - The third phase of the project, with a total floor area of approximately 3,000 square meters, is expected to open in Q3 2026, expanding the total rentable area to about 32,000 square meters [1] Operational Strategy - The company is actively expanding rentable space and optimizing space usage efficiency through strategies such as converting large shops into smaller ones and improving the connection between office buildings and commercial spaces [1] - The introduction of new brands and flagship stores, including a new three-story Chanel flagship store expected to open in Q4, is anticipated to significantly contribute to retail sales [1] Market Performance - Shanghai Hang Lung Plaza's retail sales showed a gradual improvement in the first half of 2025, with a projected continuation of this trend in the second half, supported by a lower comparative base from the previous year [2] - Marketing activities, including a collaboration with Jellycat and the annual anniversary celebration, are expected to drive customer traffic growth [2] Financial Outlook - The company maintains an outperform rating and has slightly raised the target price by 6% to HKD 9.46 per share, reflecting a 15 times core P/E for 2025 and a target dividend yield of 5.5% [2] - The contribution of Shanghai Hang Lung Plaza to the company's total rental income was approximately 16% in the first half of 2025, providing support for the overall annual performance and dividend payout [2]

恒隆 地 產有 限 公司 HANG LUNG PROPERTIES LIMITED (Incorporated in Hong Kong with limited liability) 於香港註冊成立之有限公司 ) (Stock Code 股份代號: 00101) N O T I F I C AT I O N L E T T E R 通知信函 Dear Non-registered Shareholder* , Hang Lung Properties Limited (the "Company") - Notice of Publication of 2025 Interim Report Yours faithfully, For and on behalf of HANG LUNG PROPERTIES LIMITED Winnie MA Company Secretary This letter is in English and Chinese. In case of any inconsistency, the English version shall prevail. 各位非登記股東*： 恒隆 ...

恒隆 地 產有 限 公司 HANG LUNG PROPERTIES LIMITED (Incorporated in Hong Kong with limited liability) ( 於香港註冊成立之有限公司 ) (Stock Code 股份代號: 00101) N O T I F I C AT I O N L E T T E R 通知信函 September 24, 2025 Dear Registered Shareholder, Hang Lung Properties Limited (the "Company") - Notice of Publication of 2025 Interim Report We are pleased to inform you that the English and Chinese versions of the 2025 Interim Report of the Company are now available on the Company's website at www.hanglung.com (the "Company's website") ...

為確保及時收到最新的公司通訊及可供採取行動的公司通訊**，本公司建議 閣下透過掃描隨本函附上的回條（「回條」） 上列印的專屬二維碼以提供 閣下的電子郵件地址。在行使上述選擇權時，請 閣下填妥回條，並在回條上簽名，然後把回條 寄回或親手交回本公司（經本公司之股票過戶及登記處（「股票過戶及登記處」），即香港中央證券登記有限公司，地址為香港灣 仔皇后大道東 183 號合和中心 17M 樓）。倘 閣下在香港投寄回條，可使用回條上的郵寄標籤寄回，而毋須貼上郵票；否則， 請貼上適當的郵票。如 閣下提供之電子郵件地址無效，直至股票過戶及登記處收到 閣下有效的電子郵件地址前， 閣下或 (i)無法收到任何有關發布公司通訊的通知；及(ii)需要主動查看本公司網頁 www.hanglung.com（「本公司網頁」）和香港交易及結 算所有限公司的網頁 www.hkexnews.hk（「交易所網頁」）以留意公司通訊的發布。 如本公司於 2025 年 10 月 22 日前尚未收到 閣下已妥為填寫及簽署的回條，及在 閣下按照有關法例及規例另行透過本 公司股票過戶及登記處預先給予合理時間的書面通知本公司前， 閣下將被視為已同意以電子形式閱覽 ...

2025 2025 2 0 2 5 目錄 | 2 | 公司資料 | | --- | --- | | 3 | 董事長致股東函 | | 7 | 財務摘要 | | 8 | 業務回顧 | | 30 | 其他資料 | | 40 | 獨立核數師審閱報告 | | 42 | 財務報表 | | 67 | 詞彙 | | 68 | 投資者參考資料 | 公司資料 榮譽董事長 陳啟宗 大紫荊勳賢 董事 陳文博 （董事長） 盧韋柏 （行政總裁） 袁偉良* 陳南祿* 陳嘉正 銅紫荊星章、太平紳士 * 馮婉眉 銅紫荊星章、太平紳士 * 李天芳* 趙家駒 （首席財務總監） 授權代表 盧韋柏 馬婉華 公司秘書 馬婉華 註冊辦事處 香港中環德輔道中4號28樓 電話：2879 0111 傳真：2868 6086 網址：http://www.hanglung.com 電郵：HLProperties@hanglung.com 核數師 畢馬威會計師事務所 於《會計及財務匯報局條例》下的註冊公眾利益實體核數師 * 獨立非執行董事 審核委員會 馮婉眉 銅紫荊星章、太平紳士（主席） 陳南祿 陳嘉正 銅紫荊星章、太平紳士 提名及薪酬委員會 袁偉良 （主席） 陳嘉 ...

Core Viewpoint - CICC maintains a "outperform" rating and profit forecast for Hang Lung Properties (00101), raising the target price by 6% to HKD 9.46 per share, reflecting a 15x target core P/E for 2025 and a 5.5% target dividend yield, with an 8% upside potential [1] Group 1: Expansion and Development - The company is actively expanding its leasable area, with the third phase of Shanghai Hang Lung Plaza expected to open in Q3 2026, adding approximately 3,000 square meters to the current 32,000 square meters of leasable area [2] - The opening of the third phase is anticipated to enhance the project’s leasable area, accommodate more flagship stores, and improve customer experience through better space utilization [2] Group 2: Brand Adjustment and Performance - The company expects to see results from brand adjustments within this year, with a new three-story flagship store for Chanel anticipated to open in Q4, potentially contributing significantly to retail sales [3] - New brands such as Rolex have already opened this year, and the company is also introducing experiential brands like DJI and Hasselblad to enhance brand diversity [3] Group 3: Operational Performance Outlook - The retail performance of Hang Lung Properties' mainland shopping centers showed improvement in the first half of 2025, with Shanghai Hang Lung Plaza experiencing a quarterly improvement trend [4] - The company expects the operational performance to continue improving in the second half of the year, supported by a lower comparative base from last year and various marketing activities planned [4] - Shanghai Hang Lung Plaza is crucial for the company's overall performance, contributing approximately 16% to total rental income in the first half of 2025, providing support for annual performance and dividend payout [4]

Core Viewpoint - CICC maintains a "outperform" rating and profit forecast for Hang Lung Properties (00101), raising the target price by 6% to HKD 9.46 per share, corresponding to a 15x 2025 target core P/E and a 5.5% target dividend yield, indicating an 8% upside potential [1] Group 1: Expansion and Development - The company is actively expanding its leasable area, with the third phase of Shanghai Hang Lung Plaza expected to open in Q3 2026, adding approximately 3,000 square meters to the current 32,000 square meters of leasable area [2] - The opening of the third phase is anticipated to enhance the project’s leasable area, accommodate more flagship stores, and improve customer experience through better space utilization [2] Group 2: Brand Adjustment and Performance - The company expects to see results from brand adjustments within this year, with Chanel's new three-story flagship store likely to open in Q4, potentially contributing significantly to retail sales [3] - New brands such as Rolex have already opened this year, and the company is also introducing experiential brands like DJI and Hasselblad to enhance brand diversity [3] Group 3: Operational Performance Outlook - The retail sales of Hang Lung Properties' mainland shopping centers showed a trend of improvement, with Shanghai Hang Lung Plaza's sales improving quarter by quarter [4] - The company anticipates that the operational performance in the second half of the year will continue to improve, supported by a lower comparative base from last year and various marketing activities planned [4] - Shanghai Hang Lung Plaza is expected to contribute approximately 16% to the company's total rental income in the first half of 2025, providing support for the company's overall performance and dividend payout [4]

"我们认为内地消费市场是个很好的市场，我们也继续在投资，加大我们的面积。" 9月22日，在恒隆地产65周年活动上，公司董事长陈文博在谈及对市场的看法时表示，对内地零售市场 有信心，从跟租户的交流来看，租户对市场态度有所保留，但看到增长的数字，租户的态度出现了积极 的转变。"我们认为内地消费市场是个很好的市场，我们也继续在投资，加大我们的面积。" ...