Group 1: Company Performance - CK Hutchison Holdings (长和) reported total revenue of HKD 240.66 billion for the first half of the year, a year-on-year increase of 3.45% [1] - The company's attributable profit to ordinary shareholders was HKD 8.52 billion, a decrease of 91.65% year-on-year, while the basic attributable profit increased by 10.94% to HKD 11.32 billion [1] - The port division showed strong growth, the retail sector improved, and contributions from the infrastructure sector increased [1] Group 2: Port Asset Sale Progress - The sale of port assets outside mainland China and Hong Kong is taking longer than initially expected, with discussions now involving major strategic investors from China [2] - Due to the complexity of the transaction, even if a binding agreement is reached this year, completion may not occur until next year or later [2] Group 3: Real Estate and Leasing Performance - Longfor Group (长实) saw property sales revenue increase by 58.9% to HKD 7.37 billion, but sales revenue decreased by 2.9% to HKD 1.77 billion due to market weakness and discount promotions [2] - The rental income from Hong Kong properties fell by 3.9% to HKD 1.75 billion, reflecting ongoing challenges in the retail and commercial leasing sectors [3] - The hotel and serviced apartment business revenue increased by 2.9% to HKD 2.19 billion, but related profits decreased by 3.5% to HKD 794 million [3] Group 4: Financial Position - As of June 30, Longfor's total bank and other borrowings amounted to HKD 54.4 billion, with bank deposits and time deposits at HKD 33 billion, resulting in a net debt to total capital ratio of approximately 5% [3]

Group 1: Company Performance - CK Hutchison Holdings (长和) reported total revenue of HKD 240.66 billion for the first half of the year, representing a year-on-year increase of 3.45% [1] - The group's profit attributable to ordinary shareholders was HKD 8.52 billion, a significant decrease of 91.65%, while the basic earnings attributable to ordinary shareholders increased by 10.94% to HKD 11.32 billion [1] - The port division showed strong growth, with improvements in the retail sector and increased contributions from the infrastructure sector, despite challenges from commodity price declines and maintenance activities affecting Cenovus Energy's contributions [1] Group 2: Real Estate and Sales - Cheung Kong Property Holdings (长实) saw property sales revenue increase by 58.9% to HKD 7.37 billion, although sales revenue decreased by 2.9% to HKD 1.77 billion due to market weakness and discount promotions [2] - The group's investment property revaluation profit increased by 1.2% to HKD 6.81 billion, while net profit decreased by 26.7% to HKD 6.30 billion [2] - The Hong Kong property sales revenue rose by 7.8% to HKD 2.80 billion, but sales revenue plummeted by 92.9% to HKD 74 million [2] Group 3: Leasing and Hospitality - The retail and commercial property leasing market in Hong Kong remains weak, with rental income and profits showing slight declines compared to the same period in 2024 [3] - Hotel and serviced suite revenue increased by 2.9% to HKD 2.19 billion, but related profits fell by 3.5% to HKD 794 million due to ongoing cost pressures in the industry [4] - The average room rates in the hotel sector have decreased, despite an increase in both inbound and local accommodation travelers [4] Group 4: Financial Position - As of June 30, Cheung Kong Property's total bank and other borrowings amounted to HKD 54.4 billion, with bank deposits and time deposits at HKD 33 billion, resulting in a net debt to total capital ratio of approximately 5% [4]

数据统计显示，中证港股通地产指数近一个月上涨3.85%，近三个月上涨11.21%，年至今上涨18.11%。 金融界8月14日消息，上证指数高开低走，中证港股通地产指数 (港股通地产，931025)报1690.69点。 作者：行情君 从中证港股通地产指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证港股通地产指数持仓样本的行业来看，房地产占比100.00%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。特殊情况下将 对该指数进行临时调整。当样本退市时，将其从指数样本中剔除。如果香港市场新上市相关行业主题企 业市值在香港上市公司中排名前十并纳入港股通范围，将在其纳入港股通范围后第十一个交易日快速纳 入相应的行业主题指数中。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 当港股通范围发生变动导致样本不再满足港股通资格时，将进行相应调整。 本文源自：金融界 据了解，中证港股通地产投资指数从港股通范围合资格证券中选取符合地产主题的不超过50家香港市场 上市公 ...

长实集团在港交所公告，2025年上半年公司股东应占溢利63.02亿港元，上年同期为86.03亿港元。 (本文来自第一财经) ...

Financial Data and Key Metrics Changes - Revenue for the first half of 2025 reached CNY 39.13 billion, an increase of 12.7% compared to 2024 [2] - Profit before IP revaluation was CNY 6.8 billion, with a per share profit of CNY 1.94, up 1.6% [2] - Profit attributable to shareholders decreased to CNY 6.3 billion or CNY 1.8 per share, down 26.2% [3] - Recurring revenue increased to CNY 31.76 billion, representing 81% of total revenue, while recurring profit contribution improved to CNY 8.5 billion, accounting for 83% of profit contribution [3] Business Line Data and Key Metrics Changes - Property sales revenue increased to CNY 7.34 billion, up almost 59%, but profit contribution decreased by 2.9% to CNY 1.77 billion [4] - Property rental revenue was CNY 3 billion, down 3.7%, with a profit contribution of CNY 2.3 billion, down 5.3% [6] - Hotel and service suite revenue reached CNY 2.2 billion, up 2.9%, while profit contribution was CNY 794 million, down 3.5% [9] - Infrastructure and utility operations saw revenue of CNY 12.5 billion, up 5.9%, with profit contribution increasing by 5.4% to CNY 629 million [11] Market Data and Key Metrics Changes - Contribution from Hong Kong was 27%, Mainland China 15%, and overseas markets 58% [3] - Overall occupancy in Hong Kong was around 86%, while the European portfolio exceeded 99% [6] - The retail properties experienced an 11.5% drop in revenue, primarily due to the expiration of a joint venture in Shanghai [7] Company Strategy and Development Direction - The company aims to maintain a low leverage while generating significant cash flow for new investments, particularly in commercial and retail properties in Hong Kong [21][23] - The focus is on returns and risks rather than specific sectors or regions for new investments [25] - The company is interested in land replenishment and corporate lending transactions in Hong Kong [26] Management's Comments on Operating Environment and Future Outlook - The macro environment remains uncertain, but there is optimism regarding cash generation and potential interest rate decreases [21] - The Hong Kong residential property market is expected to see generous launch pricing due to high inventory levels [27] - The company is targeting Hong Kong buyers for properties in the Greater Bay Area, with positive responses reported [31] Other Important Information - The company has a total land bank of 124 million square feet, with 67 million square feet under development [16] - The company maintains a stable credit rating from Moody's and Standard & Poor's [15] Q&A Session Summary Question: What is your view on earnings in the next few years, particularly your earnings from development operations? - Earnings from recurring income businesses are expected to remain strong, but earnings from development operations will not be significant in the next few years [20][20] Question: What is the company's capital allocation strategy for the remainder of the year? - The company will not expand or invest at the expense of leverage and is focused on maintaining cash flow while exploring new investments [21][22] Question: What are the key criteria for new investments and acquisitions? - The focus is on returns and risks rather than specific sectors or regions, with an interest in land replenishment and property investments in Hong Kong [25][26] Question: What is your view on the Hong Kong residential property market? - The primary market has seen increased volume, but price momentum is lacking due to high inventory levels [27] Question: Could you provide an update on the completion schedule of the Anderson Road project? - A delay in the project completion date cannot be avoided, but the impact on operations is expected to be small [29] Question: What kind of development margins should we expect for the full year? - The second half is expected to contribute profit from several projects, but Blue Coast will incur losses [30] Question: What is your strategy to generate sales momentum in the Mainland? - Marketing campaigns targeting Hong Kong buyers for properties in the Greater Bay Area have shown good responses [31] Question: What is the outlook for the pub division in the UK? - The team is working to improve efficiency and protect operating margins, with hopes for a better second half of the year [37]

CK Asset Holdings (01113) H1 2025 Earnings Call August 14, 2025 05:00 AM ET Speaker0Welcome to Teekay Asset Holdings twenty twenty five Interim Results Analyst Briefing. We have with us today two Executive Committee members, Mr. Simon Mann and Mr. Gerald Ma presenting the group's interim results and to answer questions the audience may have. Please submit your questions using the webcast platform and we will handle those during the Q and A session.Thank you, Mr. Man and Mr. Ma.Speaker1Thank you, Sophia. Let ...

本文源自：财华网 期內，未经审核投资物业重估前溢利为68.05亿港元，2024年为67.26亿港元。每股溢利为1.94港元，较 去年同期增加1.6%。 【财华社讯】长实集团(01113.HK)公布，截至2025年6月30日止六个月，集团收入约253.86亿港元，同 比增长15.3%；股东应占溢利63.02亿港元，同比减少26.7%；每股溢利1.8港元。拟派中期息0.39港元。 ...

Group 1: Company Performance - Longfor Group (01113) reported a revenue of HKD 25.386 billion for the first half of 2025, representing a year-on-year increase of 15.3% [1] - Shareholders' profit attributable to the company was HKD 6.302 billion, a decline of 26.7% compared to the previous year [1] - Basic earnings per share were HKD 1.80, with an interim dividend proposed at HKD 0.39 per share [1] Group 2: Property Sales and Rental Income - The group experienced an increase in property sales revenue in the first half of 2025, although related profits decreased [1] - The revenue from leasing operations for the group's properties showed a slight decline compared to the same period in 2024 [1] - The newly completed Changjiang Group Center Phase II, located in the core business district of Central, is actively being promoted for leasing [1] Group 3: Market Conditions and Strategies - The retail and commercial property leasing sector in Hong Kong remained weak during the first half of 2025 [1] - The group's hotel and serviced apartment business saw moderate revenue growth, but related profits slightly decreased due to ongoing cost pressures in the industry [2] - The group plans to optimize its hotel and serviced apartment business mix to enhance revenue from both hotel guests and long-term residents [2]

Financial Performance - Revenue increased by 12.7% from HK$34,727 million in 2024 to HK$39,126 million in 2025[6] - Profit attributable to shareholders decreased by 26.2% from HK$8,603 million in 2024 to HK$6,302 million in 2025[6] - Interim dividend per share (DPS) remained unchanged at HK$0.39[9, 10] Property Sales - Property sales revenue increased by 58.9% from HK$4,635 million in 2024 to HK$7,366 million in 2025[23] - Property sales profit contribution decreased by 2.9% from HK$1,821 million in 2024 to HK$1,768 million in 2025[23] - The company has HK$28,553 million in contracted sales not yet recognized, with approximately HK$22,898 million scheduled for recognition in 2025[27] Property Rental - Property rental revenue decreased by 3.7% from HK$3,118 million in 2024 to HK$3,002 million in 2025[31] - Property rental profit contribution decreased by 5.3% from HK$2,444 million in 2024 to HK$2,315 million in 2025[31] - Overall occupancy of Hong Kong and European portfolios is approximately 86% and 99% respectively[31] Infrastructure and Utility Asset Operation - Infrastructure and Utility Asset Operation revenue increased by 8.1% from HK$12,576 million in 2024 to HK$13,598 million in 2025[57] - Infrastructure and Utility Asset Operation profit contribution increased by 11.7% from HK$4,098 million in 2024 to HK$4,576 million in 2025[57]

长实集团(01113)发布公告，将于2025年9月25日派发截至2025年6月30日止六个月的中期股息每股0.39港 元。 ...