Core Insights - Kering Group and Swire Properties have established a partnership focused on sustainability to enhance environmental, social, and governance performance in retail stores across mainland China and Hong Kong [1][2] - The collaboration aims to integrate sustainability into all aspects of the value chain, from design and procurement to retail operations [1] - Both companies will work closely to improve the overall sustainability performance of their retail projects and achieve their respective sustainability goals [1] Group 1 - Kering's Chief Sustainability Officer emphasized the importance of embedding sustainability into the entire retail value chain [1] - Swire Properties will provide technical guidance for Kering's new stores, focusing on sustainable design and renovation practices [1] - The partnership will enhance data monitoring and sharing to improve the environmental performance of store operations [1] Group 2 - A joint working group will be established to maximize sustainable benefits from the collaboration between Kering and Swire Properties [2] - The working group will focus on improving data sharing for existing stores and discussing key areas such as climate risk assessment and renewable energy applications [2] - Both companies will collaborate on developing solutions to enhance sustainability performance in various operational aspects [2]

8月4日，开云集团(Kering)与太古地产宣布建立以可持续发展为核心的合作伙伴关系，旨在提升开云集 团于中国内地及香港特别行政区太古地产旗下商场内所有新开及现有门店的环境、社会及公司治理 (ESG)表现。 此次合作结合开云集团的"开云绿筑共建指南"，开云集团及旗下高端精品品牌将参与太古地产的"Green Retail Partnership"计划。该计划是太古地产于2024年为零售合作伙伴打造的专属可持续发展计划，重点 包括推动可持续门店设计、加强ESG数据共享和监测，以及提升门店运营的环保表现。 太古地产将为开云集团的新开门店提供技术指引，指导其实践可持续设计及装修，包括照明、室内设计 布局、环保物料，以及能源与用水管理等范畴。双方还将加强数据监测和分享，并提升门店运营的环保 表现。 为扩大业主与租户合作所带来的可持续效益，双方将成立联合工作小组，推动落实合作内容和措施，包 括改善开云集团设于太古地产零售商场的现有门店的数据分享，以及加强双方就气候风险评估、可再生 能源应用、隐含碳排放、循环设计，以及能源、用水及废物管理等重点范畴的积极探讨，并一同研发提 升可持续发展表现的方案。 (开云集团) ...

Investment Rating - The report maintains a "Recommended" investment rating for Swire Properties (01972.HK) [1][6]. Core Views - The report highlights the significant advantages of Swire Properties in prime shopping districts, with retail sales in major shopping centers showing continuous improvement. For instance, retail sales in Shanghai's Xinyi Taikoo Hui, Beijing's Sanlitun Taikoo Li, and Shanghai's Qiantan Taikoo Li increased by 13.5%, 6.8%, and 4% year-on-year, respectively, in the first half of 2025 [1][6]. - The report anticipates that the company's rental income will continue to grow due to its strong operational and leasing capabilities, with projected net profit growth of 449%, 54%, and 37% for 2025, 2026, and 2027, respectively [1][6]. Financial Summary - Total revenue is projected to increase from HKD 14,428 million in 2024 to HKD 18,638 million by 2027, reflecting a compound annual growth rate (CAGR) of approximately 24.3% [1][7]. - The net profit attributable to shareholders is expected to recover from a loss of HKD 766 million in 2024 to HKD 5,671 million by 2027, indicating a significant turnaround [1][7]. - Earnings per share (EPS) is forecasted to rise from -0.13 HKD in 2024 to 0.99 HKD in 2027, demonstrating a strong recovery trajectory [1][7]. Market Performance - The report notes that Swire Properties' shopping centers in Hong Kong have maintained full occupancy, with retail sales growth improving sequentially. For example, retail sales growth for Taikoo Place and Taikoo City Centre was 1.4% and 2%, respectively, in the first half of 2025 [1][6]. - The overall office market in Hong Kong remains relatively weak due to ongoing downward pressure on rents from new supply, but the company has managed to maintain stable rental rates for its office spaces [1][6]. Valuation - The report estimates a target price of HKD 23.92 per share, with a current price of HKD 20.50, suggesting a potential upside [2][6]. - The dividend discount model (DDM) indicates a current per-share net present value of HKD 23.92, corresponding to a dividend yield of 5.6% for 2025 [1][6].

Group 1 - InnoCare (02577.HK) has partnered with NVIDIA to promote the large-scale implementation of the 800 VDC power architecture in AI data centers, which is designed for efficient power supply in megawatt-level computing infrastructure [1] - The 800 VDC system offers significant advantages over traditional 54V systems in terms of efficiency, thermal loss, and reliability, enabling a 100-1000 times increase in AI computing power [1] - The company's third-generation GaN devices provide a comprehensive power solution from 800V input to GPU terminals, covering a voltage range from 15V to 1200V [1] Group 2 - China Ruyi (00136.HK) received a strategic investment of HKD 3.9 billion from Wuji Capital to accelerate business expansion and acquisition plans [2] - LEPU Biopharma-B (02157.HK) has authorized T-cell connector technology with an upfront payment of USD 10 million and potential milestone payments of up to USD 850 million [2] - Sinopec Engineering (02386.HK) signed a front-end engineering design (FEED) contract for a large green hydrogen project in Yanbu, Saudi Arabia [2] Group 3 - Geely Automobile (00175.HK) reported total vehicle sales of 237,700 units in July, a year-on-year increase of 58% [3] - Great Wall Motors (02333.HK) achieved approximately 104,372 vehicle sales in July, reflecting a year-on-year growth of 14.34% [3] - NIO-SW (09866.HK) delivered 21,017 vehicles in July [3]

（原标题：太古地产(01972)第二季度中国香港整体办公楼租用率达91%） 智通财经APP讯，太古地产(01972)公布，于2025年第二季度，已落成投资物业方面，中国香港整体办公 楼租用率达91%。其中，太古坊(整体)出租率达90%，租金下调15%。 中国内地方面，太古汇办公楼租用率达91%，颐堤港一座租用率达86%;香港兴业中心一座及二座租用率 达95%。 ...

Core Viewpoint - Swire Properties (01972.HK) announced that as of June 30, 2025, the overall office property occupancy rate in Hong Kong is 91% [1] Summary by Relevant Categories Rental Performance - As of June 30, 2025, the rental rates for Taikoo Place have decreased by 14% [1] - The rental rates for Taikoo Square have decreased by 15% [1]

中国内地方面，太古汇办公楼租用率达91%，颐堤港一座租用率达86%;香港兴业中心一座及二座租用率 达95%。 太古地产(01972)公布，于2025年第二季度，已落成投资物业方面，中国香港整体办公楼租用率达91%。 其中，太古坊(整体)出租率达90%，租金下调15%。 ...

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。 SWIRE PACIFIC LIMITED 太古股份有限公司 (於香港註冊成立的有限公司) (股份代號：00019 及 00087) 1. 已落成投資物業 辦公樓物業 | 主要物業 | 租用率 | | | | 租用面積 | | | 租金調幅 (1) | | | | | 最新租金 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | (新簽訂或 | 巿值 ) | 6 月 | ( 截至 30 | 2025 日止六個月 | 年 ) | | | ( | | | | ( 於 2024 年 12 月 31 日 ) | ( 於 2025 6 月 30 | 年 日 ) | | 已續約) | | ( | | 包括租金檢討 | ) | 年 | | | | | | ...

SWIRE PROPERTIES LIMITED 太古地產有限公司 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。 SWIRE PACIFIC LIMITED 太古股份有限公司 (於香港註冊成立的有限公司) (股份代號：00019 及 00087) (於香港註冊成立的有限公司) (股份代號：01972) 公告 太古地產有限公司 二零二五年第二季度 營運數據滙報 本滙報載述太古地產有限公司二零二五年第二季度若干營運數據資料。有關資料 乃根據內部管理紀錄編製，並未經外聘核數師審核或審閱。 1. 已落成投資物業 辦公樓物業 | 主要物業 | 租用率 | | | | 租用面積 | | | 租金調幅 (1) | | | | | 最新租金 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | (新簽訂或 ...

太古地產有限公司 (於香港註冊成立的有限公司) (股份代號：01972) 公告 SWIRE PACIFIC LIMITED 太古股份有限公司 (於香港註冊成立的有限公司) (股份代號：00019 及 00087) SWIRE PROPERTIES LIMITED 太古地產有限公司 二零二五年第二季度 營運數據滙報 本滙報載述太古地產有限公司二零二五年第二季度若干營運數據資料。有關資料 乃根據內部管理紀錄編製，並未經外聘核數師審核或審閱。 1. 已落成投資物業 辦公樓物業 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。 | 主要物業 | 租用率 | | | | 租用面積 | | | 租金調幅 (1) | | | | | 最新租金 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | (新簽訂或 ...