北京商报讯（记者 刘卓澜）8月12日，太古地产宣布推出创新智能时尚产品——TK Mates。据介绍， TK Mates基于时尚垂类AI模型，融合全球知识体系、潮流趋势与运营数据，能够构建起"人、内容、场 景"三位一体的智能连接方式。太古地产零售业务董事韩置表示，TK Mates不仅是一次AI技术加持商业 地产运营的尝试，更是构建"情感化商业"的战略落子。AI的价值不止于效率提升，更在于重塑人与商业 的情感纽带。 同时，TK Mates也能为购物中心提供智能运营模式。TK Mates将品牌形象融入交互场景，助力建立深 度情感链接。基于消费者偏好，TK Mates在消费者未主动搜索时精准推送个性化内容，提供"被懂得"的 服务体验。消费者只需提出需求即可获得店铺信息、服务链接。TK Mates亦会根据消费者偏好提供单 品推荐，促成消费体验闭环。 TK Mates同样能够为零售品牌创造新的表达维度和触达方式。通过深入分析消费者行为与品牌参与度 等数据，TK Mates为品牌营销和服务改进提供支持，构建"洞察-互动-转化-运营"的商业价值闭环，打 造"人文、品牌与社群"互通互联的零售体验集结地。 太古地产表示，未来，太 ...

高净值客群、年轻富二代、大众客群，高端商场开始既要又要还要！ 作为中国奢侈品市场的主要风向标之一，恒隆地产一如既往率先于7月底发布了其2025年中期业绩。值得注意的有两点，一是其不再把低迷的销售归咎于消 费者信心、经济等宏观周期性原因，转而认为挑战来源于经济前景不明朗、消费者习惯转变及来自国内外市场的竞争压力，且这是其在财报中首次提到消费 者习惯转变；二是2025年开始不再将旗下内地商场组合划分为"高端"及"次高端"类别。 | | 收入 | | | | 期末相出率 | | | --- | --- | --- | --- | --- | --- | --- | | 所在城市商場名稱 | (人民幣百萬元) | | | 2025 年 | 2024 年 | 2024 年 | | | 2025 | 2024 | 録動 | 6月 | 12月 | 6月 | | 上海恒隆廣場 | 822 | 819 | | 98% | 99% | 100% | | 上海港匯恒隆廣場 | 597 | ર્ રજેવ | 1% | 99% | 99% | 97% | | 無錫恒降廣場 | 245 | 226 | 8% | 96% | 99% | ...

本报记者李贝贝上海报道 8月7日午间，太古地产有限公司（下称"太古地产"，01972.HK）披露，公司今年上半年（报告期内） 营收87.2亿港元，基本溢利增加15%至44.20亿港元，但股东应占经常性基本溢利同比减少4%，由2024 年上半年35.7亿港元减至2025年上半年34.2亿港元，主要是香港办公楼租金收入下降等因素所致。 同期，内地市场表现稳定。而截至今年6月底，太古地产1000亿港元投资计划已有67%的资金投放，其 中计划投放500亿港元于内地市场现已落实92%。 太古地产方面向《华夏时报》记者表示，"落实执行这项策略（1000亿港元投资计划）是我们的重中之 重，焦点将在于拓展香港、内地及东南亚三大核心市场。" 内地零售销售额保持稳定 今年上半年，太古地产零售物业租金收入录得36.52亿港元，基本与去年持平。其中，内地投资物业的 租金收入总额为30.73亿港元，与2024年上半年基本持平。 上半年，集团中国内地零售物业租金收入总额上升2%至22.72亿港元。撇除人民币币值变动，租金收入 总额亦上升2%。其中，尽管受大型结构和改造工程影响，上海兴业太古汇上半年的零售销售额上升 14%，租金收入总额则 ...

Core Viewpoint - The performance of Swire Properties in 1H25 met market expectations, with a revenue increase of 20% year-on-year to HKD 8.72 billion, while the recurring net profit attributable to shareholders decreased by 4% to HKD 3.42 billion, but increased by 15% to HKD 4.42 billion when considering asset disposal gains [1][2] Financial Performance - Revenue for 1H25 rose by 20% to HKD 8.72 billion - Recurring net profit attributable to shareholders decreased by 4% to HKD 3.42 billion - Basic profit attributable to shareholders increased by 15% to HKD 4.42 billion, aligning with market expectations - Interim dividend declared at HKD 0.35 per share, a 3% increase year-on-year, corresponding to a current dividend yield of 1.66% [1] Operational Highlights - Retail sales in mainland shopping centers improved, with a 1% year-on-year increase in 1H25, compared to a decline of 7% in 1H24 - Notable retail sales growth in Shanghai Taikoo Hui (+14%) and Beijing Sanlitun Taikoo Li (+7%) - Rental income from mainland shopping centers increased by 2% to HKD 2.27 billion in 1H25 - Hong Kong office rental income decreased by 5% to HKD 2.46 billion, with an occupancy rate of 88% [1][2] Asset Disposal and Financial Strategy - The company recorded asset disposal gains of HKD 1 billion in 1H25, primarily from the Miami shopping center and adjacent land, with a total consideration of up to USD 760 million - The net debt ratio remained stable at 15.7% compared to the end of 2024 [2] Investment Plans - The company has a HKD 100 billion investment plan, with HKD 50 billion allocated to the mainland market, of which HKD 46 billion is already earmarked - Upcoming projects include the phased opening of Guangzhou Julong Bay Taikoo Li by the end of 2025, the opening of Sanya Taikoo Li in 2026, and the completion of Xi'an Taikoo Li in 2027 [2] Shareholder Returns and Financial Safety - The company reiterated its guidance for a mid-single-digit annual growth in dividends, supported by asset disposals and residential sales - The company has confirmed or planned asset disposals for the second half of the year, including the Miami site and the sale of the 43rd floor of the Eastern Island Center [2] Earnings Forecast and Valuation - Earnings forecasts remain largely unchanged, with expected recurring net profit for 2025 and 2026 projected to decrease by 5% and increase by 17% to HKD 6.17 billion and HKD 7.20 billion, respectively [2] Rating and Target Price - The company maintains an outperform rating with a target price of HKD 23.8 per share, implying a 30% target NAV discount and a 4.8% target dividend yield for 2025, indicating a 13% upside potential [3]

海南：推动优化离岛免税政策 拓宽"即购即提"商品清单目录 8月4日，海南省人民政府办公厅发布关于印发《海南省加快构建具有特色和优势现代化产业体系三年行 动方案（2025-2027年）》的通知。《通知》提到，做好"三篇境外消费回流文章"。打赢免税购物主动 仗，推动优化离岛免税政策，拓宽"即购即提"商品清单目录。擦亮"留学海南"品牌，持续招引境外优质 教育资源，打造"1+3+N"学科专业核心竞争力，力争2027年陵水黎安国际教育创新试验区师生人数达到 18000人。加快推进境外医疗消费回流，持续推动临床真实世界数据应用试点工作走深走实，每年力争 2-4个真实世界研究试点产品获批国内上市，争取每年引进国际创新药械不少于40种，到2027年医疗旅 游人数突破150万人次。 上海虹桥前湾印象城MEGA将于年底正式亮相 8月4日消息，广东中山南区希尔顿花园酒店将于本月启幕迎客。该酒店坐落于南区街道城南一路1号， 楼高17层，内含174间豪华客房（含2间套房、16间家庭房）。据悉，希尔顿花园酒店是希尔顿集团旗下 高端精选服务酒店品牌的全新升级之作。此前，该版本已在重庆、三亚、哈尔滨等城市亮相。（中山发 布、中山南区） 京东 ...

该行指，虽然公司未有公布第二轮股份回购计划，但认为基本面改善，加上强劲的物业销售及投资物业 竣工，将加速盈利增长并支持股价。该行将其2025至27年盈利预测分别上调6.9%、下调0.3%及上调 1.1%，以反映资产处置及交付进度变化。 里昂发布研报称，太古地产(01972)上半年业好过预期，基于出售收益及美国税务抵免。受惠于香港资 本市场复苏等因素，上半年写字楼租赁查询量升30%，中港零售销售亦加速增长。该行认为明年首席财 务官退休应不会影响营运。目标价由18.3港元上调至22.2港元，维持"跑赢大市"评级。 ...

Group 1: Financial Performance - Swire Properties reported a revenue of HKD 87.23 billion for the first half of 2025, a 20% increase year-on-year, but recorded a loss attributable to shareholders of HKD 12.02 billion, marking the first mid-year loss since 2010 [1][3] - The basic profit increased by 15% to HKD 44.2 billion, with basic earnings per share at HKD 0.76, primarily driven by the sale of assets related to the Miami Brickell City Centre [1][3] - The recurring basic profit attributable to shareholders decreased by 4% from HKD 35.7 billion in the first half of 2024 to HKD 34.2 billion in 2025, reflecting a decline in rental income from office properties in Hong Kong [1][3] Group 2: Property Valuation and Market Conditions - The key factor contributing to the loss was a significant decline in the fair value of investment properties, which recorded a loss of HKD 46.8 billion in the first half of 2025, compared to a gain of HKD 8.79 billion in the same period of 2024 [3] - The rental income from office properties in Hong Kong fell by 4.7% to HKD 26.36 billion, with an overall occupancy rate of 88% as of June 30 [3][5] - The overall vacancy rate in the Hong Kong office market increased to 13.6%, with Central Grade A office rents down nearly 45% from the peak in 2019 [5] Group 3: Retail Performance - The retail market in mainland China showed strong performance, with rental income increasing by 2% to HKD 22.72 billion, and retail sales in mainland properties growing by 1% year-on-year [6] - Swire Properties reported that its retail properties in Hong Kong experienced a slight decline in rental income of 2%, but achieved a 100% occupancy rate in key shopping centers [5][6] Group 4: Investment Strategy - The company continues to execute its HKD 100 billion investment plan over the next decade, focusing on core markets including mainland China, Hong Kong, and Southeast Asia [7][8] - As of now, 67% of the planned investment has been allocated, with significant projects in cities like Xi'an, Sanya, and Shanghai [8] - The company aims to double its total built area in mainland China and Hong Kong by 2032, with ongoing developments in six operational shopping centers [8][9]

Core Viewpoint - Swire Properties reported better-than-expected performance in the first half of the year, driven by sales revenue and U.S. tax credits [1] Group 1: Financial Performance - The leasing inquiries for office spaces increased by 30% due to the recovery of the Hong Kong capital market [1] - Retail sales also experienced accelerated growth during the same period [1] Group 2: Management and Future Outlook - The retirement of the Chief Financial Officer next year is not expected to impact operations [1] - Although the company has not announced a second round of share buybacks, the improved fundamentals, strong property sales, and completion of investment properties are anticipated to accelerate profit growth and support the stock price [1] Group 3: Earnings Forecast and Target Price - Earnings forecasts for 2025 to 2027 have been adjusted: up by 6.9%, down by 0.3%, and up by 1.1% respectively, reflecting changes in asset disposal and delivery progress [1] - The target price has been raised from HKD 18.3 to HKD 22.2, maintaining an "outperform" rating [1]

Group 1 - Citi has a positive outlook on Swire Properties, citing its commitment to annual mid-single-digit dividend growth [1] - Despite no new buyback plans, Swire Properties is utilizing revolving capital for capital expenditures to manage debt, indicating long-term value potential with a return on equity of 2.7% compared to a financing cost of 3.6% [1] - The company is prioritizing the execution of a HKD 100 billion investment plan, of which 67% has already been deployed [1] Group 2 - Citi maintains a "Buy" rating on Swire Properties based on a 5.6% yield and visible investment property pipeline [1] - The target price for Swire Properties has been raised from HKD 22.2 to HKD 23.8, maintaining a 55% discount to net asset value (NAV) per share [1]

Core Viewpoint - UBS research report indicates that Swire Properties' recurring underlying profit for the first half of the year decreased by 4% year-on-year to HKD 3.4 billion, in line with expectations [1] Financial Performance - The company raised its interim dividend by 3% to HKD 0.35 per share and maintained its target for single-digit growth in dividends per share [1] - UBS expects the momentum in asset recovery to continue in the short term, primarily due to the strong pre-sale performance of the Miami South Brickell Key project and the disposal of the Tsing Yi Industrial Building, which generated HKD 750 million [1] Future Projects - Swire Properties plans to launch sales for the Chai Wan residential project (expected to generate HKD 8.5 billion) and the Deep Water Bay luxury project (expected to generate HKD 1.3 billion) [1] Valuation - The report highlights that Swire Properties currently has an attractive valuation with a dividend yield of 5.5% and a price-to-book ratio (PB) of 0.44, leading to a "Buy" rating with a target price of HKD 23 [1]