Core Viewpoint - Kerry Properties (00683) reported a significant increase in revenue for the first half of 2025, driven by strong performance in specific projects, despite a decline in shareholder profit [1] Financial Performance - The company achieved revenue of HKD 8.059 billion, representing a year-on-year increase of 60% [1] - Shareholder profit decreased by 22% to HKD 612 million, with basic earnings per share at HKD 0.42 [1] - The interim dividend remained stable at HKD 0.4 per share compared to the previous year [1] Sales and Revenue Growth - Contract sales amounted to HKD 16.186 billion, significantly up from HKD 7.044 billion in the first half of 2024, largely due to the strong performance of the Shanghai Jinling Road project [1] - Consolidated revenue grew by 65% to HKD 9.954 billion, compared to HKD 6.039 billion in the first half of 2024, benefiting from increased sales recognition from the Hong Kong Tiwai and Hoi Ying Shan development projects [1] - However, this growth was partially offset by a 5% decline in rental income from investment properties and hotels, indicating ongoing challenges in the commercial property market [1]

嘉里建设公布2025年上半年业绩。集团收入同比增长60%至80.59亿港元，股东应占溢利同比下降22%至 6.12亿港元。撇除特殊项目影响，基础溢利同比下降30%至9.78亿港元，主要原因是发展物业毛利率下 跌、租赁收入减少、税项增加及成本上升。上半年每股盈利为0.42港元，调整后每股盈利为0.67港元。 董事会宣布派发每股0.40港元的中期股息。 此外，集团上半年合约销售额为161.86亿港元，受上海金陵路项目带动。 ...

Core Viewpoint - Kerry Properties (00683.HK) announced an interim dividend of HKD 0.4 per share for the six months ending June 30, 2025 [1] Dividend Details - The interim dividend is set to be paid to shareholders on September 23, 2025 [1] - The ex-dividend date is September 10, 2025, with the last deadline for submitting share transfer documents being September 11, 2025, at 16:30 [1] - Share transfer registration will be suspended from September 12, 2025, until the same day ends [1] - The record date for the dividend is September 12, 2025 [1]

嘉里建设(00683)发布公告，该公司将于2025年9月23日派发中期股息每股0.4港元。 ...

Core Viewpoint - Kerry Properties (00683) reported a significant increase in revenue for the first half of 2025, driven by strong performance in specific projects, despite a decline in net profit attributable to shareholders [1] Financial Performance - The company achieved revenue of HKD 8.059 billion, representing a year-on-year increase of 60% [1] - Net profit attributable to shareholders was HKD 612 million, a decrease of 22% compared to the previous year [1] - Basic earnings per share were HKD 0.42 [1] Sales and Revenue Breakdown - Contracted sales amounted to HKD 16.186 billion, a substantial increase from HKD 7.044 billion in the first half of 2024, largely driven by the strong performance of the Shanghai Jinling Road project [1] - Consolidated revenue grew by 65% year-on-year to HKD 9.954 billion, up from HKD 6.039 billion in the first half of 2024 [1] - The increase in revenue was primarily due to the recognition of sales from the Hong Kong Tiwai and Hoi Ying Shan development projects, although this was partially offset by a 5% decline in rental income from investment properties and hotels, indicating ongoing challenges in the commercial property market [1]

Core Viewpoint - Kerry Properties (00683) reported a significant increase in revenue for the first half of 2025, driven by strong performance in specific projects, despite a decline in net profit attributable to shareholders [1] Financial Performance - The company achieved a revenue of HKD 8.059 billion, representing a year-on-year increase of 60% [1] - Net profit attributable to shareholders was HKD 612 million, a decrease of 22% compared to the previous year [1] - Basic earnings per share stood at HKD 0.42 [1] Sales and Revenue Breakdown - Contracted sales amounted to HKD 16.186 billion, a significant increase from HKD 7.044 billion in the first half of 2024, largely driven by the strong performance of the Shanghai Jinling Road project [1] - Consolidated revenue grew by 65% year-on-year to HKD 9.954 billion, up from HKD 6.039 billion in the first half of 2024 [1] - The increase in revenue was primarily attributed to the recognition of sales from the Hong Kong Tiwai and Hoi Ying Shan development projects, although this was partially offset by a 5% decline in rental income from investment properties and hotels, indicating ongoing challenges in the commercial property market [1]

Core Viewpoint - Kerry Properties (00683.HK) reported a significant increase in revenue for the first half of 2025, but a decline in shareholder profit, indicating mixed performance amid market challenges [1] Financial Performance - The group's revenue for the first half of 2025 reached HKD 8.059 billion, representing a year-on-year increase of 60% [1] - Shareholder profit attributable to the company was HKD 612 million, a year-on-year decrease of 22% [1] - Excluding the impact of special items, the underlying profit decreased by 30% to HKD 978 million [1] - Earnings per share for the first half of 2025 were HKD 0.42, with adjusted earnings per share based on underlying profit at HKD 0.67 [1] - The board declared an interim dividend of HKD 0.40 per share [1] Sales and Revenue Drivers - The group's contract sales amounted to HKD 16.186 billion, driven by strong performance from the Shanghai Jinling Road project [1] - Consolidated revenue increased by 65% year-on-year to HKD 9.954 billion, primarily benefiting from the recognition of sales from the Hong Kong Tiwai and Hoi Ying Shan development projects [1] - However, this growth was partially offset by a 5% decline in consolidated rental income from investment properties and hotels, reflecting ongoing challenges in the commercial property market [1]

| EF001 | | --- | | 其他信息 | | | --- | --- | | 其他信息 | 不適用 | | 發行人董事 | | | 執行董事：郭孔華先生 | | | 獨立非執行董事：許震宇先生、鄭君諾先生及李銳博士 | | | 非執行董事：唐紹明女士 | | 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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。 | 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 | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | Kerry Properties Limited 嘉里建設有限公司 | | 股份代號 | 00683 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年六月三十日止六個月之中期股息 | | 公告日期 | 2025年8月20日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | ...

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。 (1) 合併收入包括來自本公司、其附屬公司以及應佔聯營公司及合營公司在內地及香港的收入。 (2) 收入僅包括來自本公司及其附屬公司的收入。 (3) 基礎溢利指股東應佔溢利，不計入二零二五年上半年發展物業的非現金減值撥備、二零二四年上半年就本集團於古洞 北新發展區持有的若干土地作出的一次性非現金撥備，以及兩個期間投資物業的非現金公允價值變動。 * 僅供識別 二零二五年中期業績公告 董事會欣然公布本集團截至二零二五年六月三十日止六個月之未經審核中期業績。本公司 審核與企業管治委員會在向董事會作出建議以待批准前，已召開會議審閱本集團截至 二零二五年六月三十日止六個月之業績及未經審核之簡明綜合中期財務報表。 | | 二零二五年 | 二零二四年 | 百分比變動 | | --- | --- | --- | --- | | | 上半年 | 上半年 | | | | 百萬港元 | 百萬港元 | | | 合併收入 (1) ...

Core Insights - The logistics real estate industry is characterized by significant regional concentration in China, with upstream supply concentrated in coastal and central regions, while the development and operation segments are primarily located in the Yangtze River Delta, Pearl River Delta, and Beijing-Tianjin-Hebei regions [5] Industry Overview - Logistics real estate serves as a platform for modern logistics facilities, where developers invest in and construct specialized logistics infrastructure based on the needs of logistics enterprises [1] - The main operational activities in logistics real estate include site selection, land acquisition, development, management, and fund operations [1] Competitive Landscape - According to Michael Porter's value chain theory, logistics real estate companies must focus on developing core competencies in strategic segments of the value chain to maintain competitive advantages [2] Company Performance - In 2024, the performance of logistics real estate companies in China shows significant divergence, with Kerry Properties reporting revenue of 19.5 billion yuan and a gross margin of 32.8%, while R&F Properties faced a loss with a revenue of 18.77 billion yuan and a gross margin of -4.7% [7] - Other companies like Joy City maintained stable performance with a revenue of 35.79 billion yuan and a gross margin of 21.8% [7] Investment Trends - Kerry Properties has been divesting logistics assets, including the sale of warehouses in Hong Kong for 4.62 billion HKD in 2022, while R&F Properties has exited the logistics real estate sector by selling its entire stake in Guangzhou Airport Logistics Park to Blackstone for a total of 5.295 billion yuan [10] - SF Holding is actively expanding its logistics footprint, planning to list REITs and investing in multiple industrial parks [10] - Other companies like Transfar Zhilian and Nanshan Holdings are also expanding their logistics networks and pursuing REIT listings [10]