Core Viewpoint - Meilun Group (01200) has reported a significant increase in pre-tax profit, projecting a notable rise in earnings for the fiscal year ending December 31, 2025, driven by strong performance across all business units, particularly in the real estate sector [1][5]. Financial Performance - The preliminary review of the unaudited consolidated management accounts for the 11 months ending November 30, 2025, indicates a pre-tax profit of approximately HKD 460 million, which is over 20% higher than the pre-tax profit of approximately HKD 371 million for the full year ending December 31, 2024 [1][5]. Business Units Performance - The expected increase in profit is attributed to the strong performance of all business units, especially "Meilun Properties" and "Hong Kong Properties," during a period of ongoing recovery in the residential market [1][5]. Strategic Initiatives - The company has successfully achieved business growth through a series of management measures, enhancing its market share in both primary and secondary residential markets, and focusing on operational efficiency while retaining and attracting top talent to provide quality services to clients [1][5].

Core Viewpoint - Meilun Group (01200.HK) experienced a significant increase in stock price, rising over 7% to reach 2.83 HKD per share, with a trading volume of 3.0026 million HKD [1] Company Summary - Meilun Group's stock price increased by 7.2% as of the latest report [1] - The current trading price of Meilun Group is 2.83 HKD per share [1] - The total trading volume recorded is 3.0026 million HKD [1]

Core Viewpoint - Meilun Group (01200) has seen a stock price increase of over 7%, currently at HKD 2.83, following the announcement of significant profit growth expectations for the fiscal year ending December 31, 2025 [1] Financial Performance - The preliminary review of the unaudited consolidated management accounts for the 11 months ending November 30, 2025, indicates a profit before tax of approximately HKD 460 million, exceeding the profit of approximately HKD 371 million for the full year ending December 31, 2024, by more than 20% [1] - The company anticipates a substantial increase in profits for the fiscal year ending December 31, 2025, based on the strong performance of all business units during the 11-month period [1] Business Units Performance - The profit increase is primarily attributed to the impressive performance of "Meilun Property" and "Hong Kong Property" during the ongoing recovery of the residential market [1] - The company has successfully achieved business growth through a series of management measures, enhancing its market share in both the primary and secondary residential markets [1] - Continuous efforts to improve operational efficiency and focus on retaining and attracting top talent have contributed to providing high-quality services to clients [1]

Core Viewpoint - The company, Meilian Group (01200), anticipates a significant increase in profits for the fiscal year ending December 31, 2025, based on preliminary unaudited consolidated management accounts showing a pre-tax profit of approximately HKD 460 million for the 11 months ending November 30, 2025, which is over 20% higher than the pre-tax profit of approximately HKD 371 million for the full year ending December 31, 2024 [1] Group Performance - The expected profit increase is primarily attributed to the strong performance of all business units under the group during the 11-month period ending November 30, 2025, particularly in "Meilian Property" and "Hong Kong Property" [1] - The growth is driven by the ongoing recovery in the residential market, where the group has successfully implemented a series of management measures to achieve business growth [1] Market Position and Strategy - The company has enhanced its market share in both the primary and secondary residential markets [1] - The group continues to focus on improving operational efficiency and is dedicated to retaining and attracting top talent to provide high-quality services to clients [1]

Core Viewpoint - The company, Meilun Group, anticipates a significant increase in profits for the fiscal year ending December 31, 2025, based on preliminary reviews of its unaudited consolidated management accounts, projecting a pre-tax profit of approximately HKD 460 million, which is over 20% higher than the pre-tax profit of approximately HKD 371 million for the fiscal year ending December 31, 2024 [1] Group Performance - The expected profit increase is attributed to the strong performance of all business units under the group, particularly "Meilun Properties" and "Hong Kong Properties" during the 11-month period ending November 30, 2025 [1] - The growth is driven by the ongoing recovery in the residential market, where the group has successfully implemented a series of management measures to achieve business growth [1] Market Positioning - The company has enhanced its market share in both the primary and secondary residential markets [1] - The group continues to focus on improving operational efficiency and is dedicated to retaining and attracting top talent to provide quality services to clients [1]

Core Viewpoint - Meilun Group (01200.HK) anticipates a significant increase in profit for the fiscal year ending December 31, 2025, with a preliminary review indicating a profit before tax of approximately HKD 460 million for the 11 months ending November 30, 2025, which is over 20% higher than the profit of approximately HKD 371 million for the full year ending December 31, 2024 [1] Group Performance - The expected profit increase is primarily attributed to strong performance across all business units, particularly in "Meilun Property" and "Hong Kong Property" [1] - The growth is driven by several factors: - Successful implementation of management measures during the ongoing recovery of the residential market [1] - Increased market share in both primary and secondary residential markets [1] - Continuous efforts to enhance operational efficiency and focus on retaining and attracting top talent to provide quality service to clients [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。 自願公告 業務狀況更新 本公司將不時審視短期業績波動的潛在影響，以評估是否需提供值得注意的更新。本 公司股東及有意投資者應注意，特定期間的業務狀況更新未必能反映本集團全年或半 年的財務表現及應參閱本公司的年度及中期業績披露。 承董事會命 美聯集團有限公司 公司秘書 梅雅美 香港，二零二六年一月二十八日 美聯集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事會欣然通 知本公司股東及有意投資者本集團截至二零二五年十一月三十日止十一個月之各項業 務的最新情況。 根據對本集團截至二零二五年十一月三十日止十一個月之未經審核綜合管理賬目 （「管理賬目」）之初步審閱，並根據本集團現有之資料，該管理賬目錄得除所得稅前 溢利約港幣四億六千萬元，較截至二零二四年十二月三十一日止全年度之除所得稅前 溢利約港幣三億七千一百萬元，超出多於 20%。因此，預期本集團於截至二零二五年 十二月三十一日止年度將錄得顯著的盈利 ...

Group 1 - The Hong Kong real estate market experienced a significant turnaround in 2025, with a record high of HKD 138 billion in residential purchases by mainland buyers, contributing to a 14.1% year-on-year increase in transaction volume to 13,900 units [1] - Mainland buyers showed a strong preference for new properties, with nearly 60% of their investments directed towards first-hand properties, driven by Hong Kong's status as a hub for asset allocation and educational resources [1] - The demand for high-end properties, particularly those priced above HKD 50 million, is notably high among mainland clients, who accounted for nearly 70% of such purchases, indicating a trend where higher-priced properties attract a larger proportion of mainland buyers [2] Group 2 - The luxury property market in Hong Kong is expected to see a significant increase in transaction volumes, with first-hand luxury sales projected to rise by 50% and second-hand luxury sales by 60% in 2026, supported by factors such as the scarcity and high value retention of luxury properties [2] - The residential price index in Hong Kong has rebounded over 4% since March 2025, with an expected further increase of about 5% by the end of 2026, driven by multiple factors including wealth effects from stock market performance and sustained interest from mainland buyers [3] - The influx of mainland technology companies investing over HKD 10 billion in core office spaces in Hong Kong reflects the growing business opportunities and the impact of favorable talent recruitment policies [2]

Core Insights - The analysis by Centaline Property indicates that the number of registrations by mainland buyers in Hong Kong's residential market is expected to reach 13,906 in 2025, an increase of approximately 14.1% from 12,190 in 2024 [1] - The total amount involved is projected to be around HKD 137.9 billion, which is a rise of about 3.8% from HKD 132.8 billion in 2024 [1] - Both the number of registrations and the total amount are expected to set new records [1] Group 1 - The forecast for 2026 suggests that with several favorable factors continuing to take effect, the number of registrations and the total amount from mainland buyers are likely to reach new highs [1] - Mainland buyers are particularly interested in new properties, with approximately 6,495 registrations for first-hand properties in 2025, accounting for about 46.7% of the total [1] - In 2024, first-hand properties accounted for approximately HKD 79.5 billion, representing a significant 57.7% of the total amount, indicating a strong preference for new developments among mainland buyers [1]

Group 1 - The core viewpoint is that the property market is expected to continue its upward trend into 2026, with strong sales of new large-scale developments in Xisha and other new projects launching this month [1] - In January, the estimated number of first-hand property transactions is expected to exceed 2,000, marking the longest streak of over 1,000 transactions in 12 months since the implementation of the first-hand sales regulations in 2013 [1] - The performance of super luxury properties priced over HKD 100 million has been particularly notable, with 6 transactions recorded in the first 5 days of January, nearly half of December's total and double that of January last year [1] Group 2 - The market is anticipated to benefit from six favorable factors: interest rate cuts, wealth effects, economic growth, favorable policies, rising rents, and reduced inventory, leading to a positive trading environment [2] - The total number of first-hand property transactions for the year is projected to reach 21,000, setting a new record since the first-hand sales regulations were introduced in 2013 [2] - The number of super luxury property transactions is expected to exceed 100 for the year, potentially reaching a new high since the introduction of the first-hand sales regulations [2]