Core Viewpoint - The company, Yuehai Property (00124), has announced a positive earnings forecast, expecting a profit of at least HKD 260 million for the six months ending June 30, 2025, compared to a loss of approximately HKD 217 million in the same period of 2024 [1] Group 1: Earnings Forecast - The expected profit of at least HKD 260 million marks a significant turnaround from the previous year's loss [1] - The company’s stock price increased by nearly 8% following the earnings announcement, reaching HKD 0.275 with a trading volume of HKD 6.3213 million [1] Group 2: Factors Influencing Performance - Key projects contributing to the expected performance include Guangzhou Yuehai Yun Port City, Huizhou Yuehai Yigui Mansion, and Shenzhen Yuehai City (North Plot), with the Guangzhou project having a higher gross margin [1] - The company has recognized impairment provisions for certain property projects due to signs of impairment in the current real estate market environment [1] - There was a fair value loss on investment properties during the review period, contrasting with a fair value gain in the same period of 2024 [1]

截至2024年年报，粤海置地营业总收入62.59亿元、净利润-12.81亿元。 7月31日，预计2025年中报业绩预增，归属股东应占溢利约2.6亿港元，同比增长219.82%。 粤海置地控股有限公司是广东省最大规模的境外综合性企业集团，主要从事房地产开发及投资业务，包 括在广东省深圳市和广州市的多个物业项目。公司在中国广东省深圳市持有粤海城项目及若干投资物 业，并在广东省广州拥有三个物业项目，其可供出售或出租总楼面面积合共超过100,000平方米。 8月1日，粤海置地(00124)盘中上涨17.65%，截至09:30，报0.3元/股，成交213.1万元。 本文源自：金融界 作者：行情君 ...

Performance Updates - 开拓药业-B (09939.HK) has completed patient enrollment for the Phase III clinical trial of KX-826 solution for androgenetic alopecia in adult males in China [2] - 李氏大药厂 (00950.HK) has received approval from the National Medical Products Administration for Socazolimab to be used in combination with chemotherapy for first-line treatment of extensive-stage small cell lung cancer in mainland China [2] - 恒瑞医药 (01276.HK) has received approval for clinical trials of SHR-8068 injection, Adebali monoclonal antibody injection, and Bevacizumab injection [2] - 恒瑞医药 (01276.HK) has also received approval to conduct clinical trials for HRS-5041, intended for prostate cancer treatment [2] - 深圳高速公路股份 (00548.HK) reported toll revenue of 106 million yuan for the outer ring project in June [2] - 大成生化科技 (00809.HK) has signed an EPC contract with Northeast Electric and Liaoning Electric for boiler renovation projects, with a maximum cost of 129.1 million yuan [2] - 小黄鸭德盈 (02250.HK) has signed a contract to develop an AI marketing system to diversify revenue sources [2] Buyback and Financing Activities - 威海银行 (09677.HK) plans to issue up to approximately 758 million domestic shares and 154 million H-shares, raising nearly 3 billion yuan [2] Financial Results - 香港电讯-SS (06823.HK) reported total revenue of 17.322 billion HKD for the first half, a year-on-year increase of 4%, with a net profit of 2.07 billion HKD, also up 4% [4] - 青岛银行 (03866.HK) reported operating revenue of 7.662 billion yuan for the first half, a growth of 7.5%, and a net profit of 3.065 billion yuan, up 16.05% [4] - 中国石油化工股份 (00386.HK) expects mid-term net profit to be between 20.1 billion and 21.6 billion yuan, a year-on-year decline of 39.5%-43.7% [4] - 汽车之家-S (02518.HK) reported total revenue of 3.212 billion yuan for the first half, a decrease of 7.75%, with a net profit of 772 million yuan, down 15.99% [4] - 绿茶集团 (06831.HK) issued a profit warning, expecting mid-term net profit to be between 230 million and 237 million yuan, a year-on-year increase of approximately 32%-36% [4] - 粤海置地 (00124.HK) issued a profit warning, expecting mid-term net profit to exceed 260 million HKD, turning from loss to profit [4] - 药师帮 (09885.HK) issued a profit warning, expecting mid-term net profit to exceed 70 million yuan [4] - 中国东方教育 (00667.HK) issued a profit warning, expecting mid-term net profit to grow by 45%-50% year-on-year [4] - 中核国际 (02302.HK) issued a profit warning, expecting mid-term revenue to increase to at least 585 million HKD, with net profit of at least 9.5 million HKD [4] - 大唐环境 (01272.HK) issued a profit warning, expecting mid-term net profit to decrease to between 350 million and 400 million yuan [4] - 长江生命科技 (00775.HK) issued a profit warning, expecting mid-term net loss of approximately 150 million HKD, turning from profit to loss year-on-year [4] - 延长石油国际 (00346.HK) issued a profit warning, expecting mid-term loss of approximately 27.9 million HKD [4]

Core Viewpoint - Yuehai Property (00124) expects to achieve an unaudited profit attributable to shareholders of not less than HKD 260 million for the six months ending June 30, 2025, compared to a loss of approximately HKD 217 million for the same period in 2024 [1] Summary by Relevant Sections - **Expected Performance**: The company anticipates a significant turnaround in performance, moving from a loss in 2024 to a profit in 2025 [1] - **Key Projects**: The expected performance is primarily driven by the delivery of properties, notably the Guangzhou Yuehai Yun Port City project, Huizhou Yuehai Yigui Mansion project, and Shenzhen Yuehai City (North Plot) project, with the Guangzhou project having a higher gross profit margin [1] - **Market Impact**: The latest real estate market conditions have led to impairment indications for some of the company's property projects, resulting in inventory impairment provisions during the review period [1] - **Investment Property Valuation**: The company recorded a fair value loss on investment properties during the review period, contrasting with a fair value gain in the same period of 2024 [1]

Core Viewpoint - The company, Yuehai Property (00124), anticipates an unaudited profit attributable to shareholders of no less than HKD 260 million for the six months ending June 30, 2025, a significant recovery from an unaudited loss of approximately HKD 217 million in the same period of 2024 [1] Group 1: Performance Expectations - The expected performance improvement is primarily driven by the delivery of properties, including the Guangzhou Yuehai Yun Port City project, Huizhou Yuehai Yigui Mansion project, and Shenzhen Yuehai City (North Plot) project [1] - The Guangzhou Yuehai Yun Port City project has a higher gross profit margin, contributing to an increase in property sales profit compared to the same period in 2024 [1] Group 2: Impairment and Valuation Losses - The company has recognized inventory impairment provisions during the review period due to indications of impairment in some property projects, influenced by the latest real estate market conditions [1] - The company recorded a fair value loss on investment properties during the review period, contrasting with a fair value gain on investment properties in the same period of 2024 [1]

Core Viewpoint - The company, Yuehai Property (00124.HK), anticipates a profit of no less than HKD 260 million for the six months ending June 30, 2025, compared to a loss of approximately HKD 217 million for the same period in 2024 [1] Group 1: Expected Performance - The expected performance for the six months ending June 30, 2025, is significantly improved due to the delivery of properties such as Guangzhou Yuehai Yun Port City, Huizhou Yuehai Yigui Mansion, and Shenzhen Yuehai City (North Plot) [1] - The gross profit margin of the Guangzhou Yuehai Yun Port City project is notably high, contributing to an increase in property sales profit compared to the same period in 2024 [1] Group 2: Factors Affecting Performance - The company has recognized impairment indicators for some property projects due to the latest real estate market conditions, leading to the provision for inventory impairment during the review period [1] - The company recorded a fair value loss on investment properties during the review period, contrasting with a fair value gain on investment properties in the same period of 2024 [1]

（於百慕達註冊成立之有限公司） （股份代號：00124） 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。 影響前述本集團截至 2025 年 6 月 30 日止六個月預期業績的主要因素包括： 本公司目前仍在編製本集團截至 2025 年 6 月 30 日止六個月之中期業績。本公告所載資 料僅以本集團截至 2025 年 6 月 30 日止六個月之未經審核綜合管理賬目之初步審閱為基 準，該等資料未經本公司核數師審核或審閱。於本公告日期，本集團截至 2025 年 6 月 30 日止六個月之綜合業績尚未最終確定，並會作出調整（如有）。本集團截至 2025 年 6 月 30 日止六個月之未經審核財務資料（其可能與本公告所載資料存在差異）預期將 於 2025 年 8 月底前公佈。 股東及潛在投資者於買賣本公司股份時，務請審慎行事。 正面盈利預告 本公司根據《上市規則》第 13.09(2)(a) 條及《證券及期貨條例》第 XIVA 部項下之 內幕消息條文發出本公告。 ...

Financial Performance - The group's consolidated revenue for the three months ended March 31, 2025, was approximately HKD 759.06 million, a decrease of 56.4% compared to HKD 1.74 billion for the same period in 2024[5]. - The group recorded a loss attributable to equity holders of approximately HKD 153.98 million, an increase of 54.4% from a loss of HKD 99.75 million in the same period last year[5]. - The fair value loss on investment properties was HKD 4.83 million, a significant decline of 2683.4% compared to a gain of HKD 0.19 million in the previous year[4]. - Total assets decreased by 1.4% to HKD 40.01 billion from HKD 40.56 billion as of December 31, 2024[4]. - Equity attributable to equity holders decreased by 3.9% to HKD 3.42 billion from HKD 3.56 billion as of December 31, 2024[4]. - The net asset value per share was HKD 2.00, down 3.8% from HKD 2.08[4]. - The decrease in revenue was primarily due to a reduction in the total floor area of properties sold during the review period[5]. Property Development and Management - The group has several ongoing projects, including residential and commercial developments in Shenzhen, Guangzhou, and other cities, with various completion timelines[6]. - The Guangzhou project "粤海雲港城" is currently for sale, with a total floor area of approximately 726,990 square meters, expected to be completed by 2028[6]. - The group is actively managing its property portfolio and exploring new development opportunities to enhance future revenue streams[6]. - The total signed and delivered floor area for the period was approximately 49,000 square meters and 47,000 square meters respectively, compared to 58,000 square meters and 79,000 square meters in the previous period[8]. - As of March 31, 2025, the group held completed unsold properties valued at approximately HKD 12.138 billion and properties under development valued at approximately HKD 13.413 billion, totaling about HKD 25.551 billion[10]. - The sales amount for properties that have been signed and paid for but not yet delivered was approximately HKD 10.135 billion, an increase from HKD 9.386 billion as of December 31, 2024[10]. Project Status and Delivery Rates - The Guangzhou Yuehai Yun Port City project has completed the filing for all properties on Lot 11, while construction is ongoing for the basement and main structure on Lot 4[9]. - The total area of properties signed in Shenzhen Yuehai City (Northwest Plot) was 114,986 square meters, with a delivery rate of 91.5%[7]. - The Guangzhou Yuehai Shigui Mansion achieved a signing rate of 97.6% for its total area of 2,764 square meters[7]. - The total area of properties signed in Foshan Yuehai Shigui Mansion was 146,382 square meters, with a delivery rate of 70.2%[7]. - The Zhuhai Yuehai Shigui Mansion's first phase has completed the filing, and the main structure of non-first phase properties has been capped[9]. - The total area of properties signed in Jiangmen Yuehai City was 119,334 square meters, with a delivery rate of 89.8%[7]. - The Huizhou Yuehai Shigui Mansion's main structure has been capped, and it is currently undergoing finishing work[9].

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 6,759,320,000, representing a 74.3% increase compared to HKD 3,877,416,000 in 2023[7] - Gross profit for the same period was HKD 780,248,000, reflecting a 110.1% increase from HKD 371,346,000 in 2023[7] - The company reported a loss attributable to equity holders of HKD 1,382,983,000, which is a 43.4% improvement from a loss of HKD 2,444,888,000 in the previous year[7] - The loss attributable to the company's owners decreased to approximately HKD 1.383 billion in 2024 from HKD 2.445 billion in 2023[20] - The return on equity improved to -32.2% in 2024 from -38.1% in 2023, an increase of 5.9 percentage points[36] - The group recorded a net cash inflow from operating activities of approximately HKD 1.936 billion in 2024, a decrease from HKD 3.607 billion in 2023[40] Asset and Liability Management - Total assets decreased by 17.1% to HKD 40,560,000,000 from HKD 48,933,000,000 in 2023[7] - The debt ratio increased to 402.9%, up by 95 percentage points from 307.9% in 2023, indicating a higher level of leverage[7] - The group's total liabilities decreased to HKD 36,214,353,000 in 2024 from HKD 42,503,678,000 in 2023, a reduction of approximately 15%[66] - The net asset value as of December 31, 2024, was HKD 4,345,821,000, down from HKD 6,429,406,000 in 2023, representing a decline of about 32%[66] Operational Efficiency and Strategy - The company achieved a delivery rate of over 96% for major projects, outperforming the industry average[11] - The increase in revenue was primarily due to a higher total floor area sold compared to the previous year[20] - The group aims to enhance operational efficiency by improving brand strength, product value, and operational capabilities[17] - The group plans to closely monitor policy dynamics and market trends in 2025 to ensure cash flow safety through flexible rental and sales strategies[17] Project Development and Real Estate - The total signed floor area for the year reached approximately 314,000 square meters, an increase from 274,000 square meters in 2023[23] - The total delivered floor area for the year was approximately 310,000 square meters, up from 222,000 square meters in 2023[23] - The Shenzhen Yuehai City project has completed construction and is positioned as a multi-functional commercial complex themed around jewelry, with a completion date in August 2023[24] - The Guangzhou Yuehai Cloud Port City project has a total saleable area of approximately 726,990 square meters, with 506,000 square meters expected to be completed by 2028[22] Financial Stability and Debt Management - The company reduced interest-bearing debt by approximately HKD 34.09 billion in 2024, enhancing financial stability[11] - The total interest-bearing loans amounted to approximately HKD 20.451 billion as of December 31, 2024, down from HKD 23.860 billion in 2023[42] - The company has pledged assets worth approximately HKD 11.218 billion to secure bank loans as of December 31, 2024, compared to HKD 8.742 billion in 2023[43] Governance and Compliance - The company reported its audited financial statements for the year ending December 31, 2024[62] - The board of directors is composed of two executive directors, two non-executive directors, and three independent non-executive directors[172] - The company has complied with the Corporate Governance Code and received independence confirmation from three independent non-executive directors[180] - The audit committee consists of three independent non-executive directors, ensuring compliance with the listing rules regarding independence and qualifications[195] Employee and Stakeholder Engagement - As of December 31, 2024, the group employed 376 staff, a decrease from 568 staff in the previous year, with total employee compensation and provident fund contributions amounting to approximately HKD 141 million, down from HKD 292 million in 2023[50] - The company emphasizes customer satisfaction by regularly training sales personnel and conducting customer satisfaction surveys to enhance product quality and customer confidence[47] - The company aims to ensure at least one director of a different gender is present on the board at all times to maintain gender diversity[186] Environmental and Social Responsibility - The group adheres strictly to environmental protection regulations in construction, ensuring that new buildings meet national and local government energy-saving requirements[49] - The company is committed to sustainable development and integrates environmental protection, social responsibility, and corporate governance into its daily operations[171] Future Outlook - The government is expected to implement more proactive fiscal policies to support economic stability and growth in 2025[15] - The group has identified key projects in the Greater Bay Area, which are expected to benefit from the region's economic growth[16] - The company aims to enhance its competitive advantage in the Greater Bay Area real estate market by optimizing asset structure and strengthening capital operations[164]

粤海置地公告，根据本集团未经审核综合管理账目之初步审阅，预期截至2025年3月31日止三个月将录 得未经审核归属于本公司持有人亏损不多于1.7亿港元，而2024年同期未经审核归属于本公司持有人亏 损约为1亿港元。于2025年3月31日，本集团的财务状况维持稳健。影响前述本集团截至2025年3月31日 止三个月预期业绩的主要因素是本集团于本回顾期内交付的物业总楼面面积较2024年同期减少，因此物 业销售溢利较2024年同期有所减少。 ...