Core Viewpoint - The company reported a decline in revenue and a significant reduction in losses for the fiscal year ending December 31, 2025, indicating ongoing challenges in rental income generation [1] Financial Performance - The company achieved a revenue of HKD 301 million, representing a year-on-year decrease of 10.61% [1] - The loss attributable to shareholders narrowed to HKD 388 million, a reduction of 81.57% compared to the previous year [1] - The basic loss per share was HKD 0.204 [1] Revenue Breakdown - The decrease in revenue was primarily due to a reduction in total rental income by HKD 39.8 million during the fiscal year [1]

Financial Performance - Total revenue for the fiscal year ending December 31, 2025, was HKD 301,080,000, a decrease of 10.6% from HKD 336,812,000 in 2024[2] - Gross profit for the same period was HKD 258,039,000, down from HKD 280,226,000, reflecting a gross margin decline[2] - The company reported a pre-tax loss of HKD 371,677,000, compared to a loss of HKD 2,123,964,000 in the previous year, showing improved operational efficiency[2] - The total comprehensive loss for the year was HKD 79,638,000, a substantial reduction from HKD 2,144,357,000 in 2024[3] - Basic and diluted loss per share improved to HKD 0.204 from HKD 1.105, reflecting better performance despite the overall loss[3] - The company reported a loss attributable to owners of HKD 388,499,000 for the year[16] - The net loss attributable to the company's owners for the year was HKD 388,500,000, a significant reduction from HKD 2,108,300,000 in the previous year, with a loss per share of HKD 0.20 compared to HKD 1.11[56] - Core profit for the year was HKD 164,700,000, compared to a core loss of HKD 489,300,000 in the previous year, with a core profit per share of HKD 0.09[57] Revenue Breakdown - Revenue from property rental was HKD 164,795,000 in 2025, down 19.5% from HKD 204,616,000 in 2024[10] - Brokerage and cosmetics sales revenue decreased to HKD 10,417,000 in 2025 from HKD 13,528,000 in 2024, a decline of 23.5%[10] - Revenue from external customers in Hong Kong was HKD 180,101,000, while revenue from the UK was HKD 45,823,000[15] - Total revenue for the year ended December 31, 2025, was HKD 401,034,000, with significant contributions from property development and leasing[15] Investment Performance - Net investment income surged to HKD 138,285,000 from HKD 20,710,000, indicating a significant increase in investment performance[2] - The company’s total investment income from listed equity investments was HKD 32,776,000 in 2025, down 19.1% from HKD 40,486,000 in 2024[10] - Total investment income from bonds increased to HKD 16,694,000 in 2025, up 62.5% from HKD 10,308,000 in 2024[10] - The company achieved a net gain of HKD 81,100,000 from securities investments, compared to a net loss of HKD 4,400,000 in the previous year[50] Asset and Liability Management - Non-current assets increased to HKD 12,343,330,000 from HKD 12,300,194,000, indicating stability in asset management[4] - Current liabilities decreased to HKD 2,331,210,000 from HKD 2,281,355,000, reflecting improved liquidity management[4] - Total assets amounted to HKD 14,771,405,000, with HKD 9,796,046,000 classified as reportable assets[17] - Total liabilities reached HKD 2,836,604,000, with HKD 2,569,223,000 classified as unallocated liabilities[17] Dividend and Shareholder Value - The company did not declare a final dividend for the year, compared to HKD 57,229,000 in the previous year, indicating a conservative approach to cash distribution[5] - The company declared a total dividend of HKD 76,305,000 for the year, with an interim dividend of HKD 0.01 per share paid on September 9, 2025[29] - The company's equity attributable to owners decreased to HKD 11,934,801,000 from HKD 12,090,744,000, indicating a slight decline in shareholder value[5] Operational Efficiency - The company’s operational costs included HKD (9,316,000) in Hong Kong and HKD (22,093,000) in mainland China[15] - Total employee costs, including directors' remuneration, amounted to HKD 115,216,000 in 2025, down from HKD 131,532,000 in 2024, reflecting a decrease of approximately 12.3%[28] - Administrative expenses decreased by 21.8% to HKD 272,200,000 from HKD 348,200,000, mainly due to reduced depreciation and no recorded foreign exchange losses[53] Market Outlook and Strategy - The company anticipates a cautious but optimistic outlook for 2026, with China's economic growth projected at 4.5%[88] - The company plans to continue monitoring its securities investment portfolio to achieve satisfactory returns[84] - The company will maintain a cautious and optimistic approach, actively adjusting strategies and investment portfolios to respond to changing market conditions[89] Compliance and Governance - The company has proposed amendments to its existing company bylaws to align with new listing rules regarding hybrid shareholder meetings and electronic voting[93] - The proposed amendments and adoption of new bylaws will require shareholder approval at the 2026 annual general meeting[93] - The company has confirmed compliance with the securities trading code for all directors and relevant employees during the year[91]

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: | 2026年2月28日 | | | | 狀態: | 新提交 | | --- | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | | 公司名稱: | 華人置業集團 | | | | | | | 呈交日期: | 2026年3月3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) | 00127 | 說明 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | ...

Group 1 - The company, China Overseas Land & Investment Limited (00127.HK), announced that its board will hold a meeting on March 9, 2026, to approve the annual results for the year ending December 31, 2025, and to consider the proposal for a final dividend distribution, if any [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。 CHINESE ESTATES HOLDINGS LIMITED 華人置業集團 香港，二零二六年二月二十五日 於本公布日期，董事會由執行董事陳凱韻女士及陳諾韻女士，非執行董事劉鳴煒先 生及劉玉慧女士，以及獨立非執行董事陳國偉先生、梁潤輝先生及馬時俊先生組 成。 網址： https://www.chineseestates.com 董事會召開日期 Chinese Estates Holdings Limited（｢本公司｣）董事會（「董事會」）謹此公布，董事 會將於二零二六年三月九日（星期一）舉行會議，以（其中包括）批准本公司及其 附屬公司截至二零二五年十二月三十一日止年度之全年業績公布及考慮建議派發末 期股息（如有）。 承董事會命 公司秘書 麥嘉儀 （於百慕達註冊成立之有限公司） （股份代號：127） ...

Core Viewpoint - The company, China Overseas Property (00127.HK), anticipates a significant reduction in net loss attributable to shareholders by 75% to 85% for the fiscal year ending December 31, 2025, alongside a revenue decrease of 5% to 15% compared to the previous year [1][1]. Group 1: Financial Performance - The expected revenue for the fiscal year 2025 is projected to be between HKD 2.86 billion and HKD 3.20 billion, down from HKD 3.37 billion in 2024 [1][1]. - The anticipated net loss attributable to shareholders for 2025 is expected to be between HKD 3.16 billion and HKD 5.27 billion, compared to HKD 21.08 billion in 2024 [1][1]. Group 2: Revenue and Loss Drivers - The decrease in revenue is primarily attributed to a reduction in total rental income [1][1]. - The reduction in net loss is mainly due to a decrease in fair value loss on investment properties [1][1]. Group 3: Property Valuation - The company plans to revalue its investment properties on December 31, 2025, which will result in a fair value loss for the current year [1][1]. - The decrease in fair value loss is primarily driven by properties located in Hong Kong [1][1]. - The unrealized fair value changes are non-cash items and do not impact the company's cash flow [1][1].

Core Viewpoint - The company, China Overseas Land & Investment Limited (00127), anticipates a significant reduction in losses by 75% to 85% and a revenue decline of 5% to 15% by 2025, with projected revenue for 2024 at HKD 337 million and a net loss attributable to shareholders of HKD 2.108 billion [1] Revenue Summary - Revenue is expected to decrease primarily due to a reduction in total rental income [1] - The projected revenue for 2024 is HKD 337 million, indicating a decline from previous figures [1] Loss Summary - The anticipated reduction in losses is attributed to a decrease in fair value loss from investment properties [1] - The net loss attributable to shareholders for the current year is projected at HKD 2.108 billion [1] Fair Value Changes - The group's investment properties will undergo revaluation on December 31, 2025, which will result in fair value changes for the current year [1] - The decrease in fair value loss is primarily linked to properties located in Hong Kong [1] - The unrealized fair value changes are non-cash items and do not impact the company's cash flow [1]

Core Viewpoint - The company expects a significant reduction in net loss attributable to shareholders for the year ending December 31, 2025, by 75% to 85%, while revenue is anticipated to decrease by 5% to 15% compared to the previous year [1] Group 1: Financial Performance - The expected net loss attributable to shareholders for the year ending December 31, 2025, is projected to be between HKD 3.16 billion and HKD 5.27 billion, compared to a net loss of HKD 21.08 billion for the year ending December 31, 2024 [1] - Revenue for the year ending December 31, 2025, is expected to range from HKD 2.86 billion to HKD 3.20 billion, down from HKD 3.37 billion for the year ending December 31, 2024 [1] Group 2: Reasons for Changes - The decrease in revenue is primarily attributed to a reduction in total rental income [1] - The reduction in net loss is mainly due to a decrease in fair value loss on investment properties, particularly from properties located in Hong Kong [1] - The fair value changes are non-cash items and do not impact the company's cash flow [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分 內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINESE ESTATES HOLDINGS LIMITED 華人置業集團 （於百慕達註冊成立之有限公司） （股份代號：127） 內幕消息公布 盈利預告 － 預期虧損減少 本公布乃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部下之內幕 消息條文（定義見上市規則）發出。 (2) 虧損減少主要由於投資物業之公平值變動虧損減少。本集團之投資物業於二零二五 年十二月三十一日進行重估，於本年度將錄得公平值變動虧損。本年度公平值變動 虧損減少主要來自位於香港之物業。未變現之公平值變動乃非現金項目，對本集團 之現金流量並無構成影響。 董事會謹此通知股東及有意投資人士，根據管理層目前所得資料，本集團預期於本 年度可能錄得虧損減少介乎75%至85%而收入則減少介乎5%至15%（與截至二零二 四年十二月三十一日止年度之收入337,000,000港元及本公司擁有人應佔之綜合虧損 淨額2,108, ...

Core Insights - The company expects significant growth in revenue and profitability for 2025, with a projected net profit attributable to shareholders ranging from 95 million to 124 million yuan, representing a year-on-year increase of 405% to 498% [1] - The company has made substantial progress in satellite-based T/R chip development, with several large-scale remote sensing projects entering regular mass delivery phases [3] - The commercial aerospace sector is experiencing comprehensive acceleration, with advancements in policy, cooperation, application scenarios, and satellite manufacturing [4] Financial Performance - The projected net profit for 2025 is estimated at 1.095 billion yuan, reflecting a year-on-year increase of 451.9% [1] - The non-recurring net profit is expected to be between 89 million and 115 million yuan, indicating a year-on-year growth of 304% to 364% [1] - For Q4 2025, the net profit is forecasted to be between 4 million and 34 million yuan, with a median of 19 million yuan [2] Industry Developments - The company is positioned as a core player in the T/R chip sector, benefiting from the growth of the commercial aerospace industry [4] - There is a strong demand for airborne and ground phased array radar systems, with ongoing project accumulation and new orders being placed [3] - The commercial aerospace industry is seeing breakthroughs in various areas, including policy support, application scenarios, and advancements in reusable rocket technology [4] Product and Market Strategy - The company has developed a complete solution for satellite-based systems and is collaborating closely with key downstream users to ensure timely product delivery [3] - The company is actively expanding into new areas such as low-altitude economy and new productivity, leveraging the advantages of phased array antenna systems for high-precision detection [3] - The company has adjusted its profit forecasts for 2025-2027, reflecting confidence in the accelerating deployment of low-orbit satellite networks [4]