Core Viewpoint - Hang Lung Properties (00101.HK) reported a significant decline in total revenue for the first half of 2025, primarily due to a sharp drop in property sales revenue and ongoing challenges in the rental market [1] Financial Performance - Total revenue for the six months ending June 30, 2025, was HKD 4.968 billion, a decrease of 19% compared to the same period last year [1] - Property sales revenue fell by 87% to HKD 161 million, contributing to the overall revenue decline [1] - Operating profit decreased by 5% to HKD 3.255 billion, reflecting the impact of reduced rental income [1] Rental and Hotel Operations - Rental income and operating profit both declined by 3%, amounting to HKD 4.678 billion and HKD 3.346 billion, respectively, due to a slowdown in consumer spending and weak demand for office space in Hong Kong and mainland China [1] - Revenue from the hotel segment increased by 84% to HKD 129 million, although the operating loss after depreciation rose to HKD 34 million [1] Profitability Metrics - Shareholders' basic net profit decreased by 9% to HKD 1.587 billion, primarily due to lower rental operating profit and increased financial expenses [1] - Basic earnings per share fell to HKD 0.33 [1] - After accounting for a net revaluation loss of HKD 675 million on properties, the company recorded a shareholders' net profit of HKD 912 million, with corresponding earnings per share of HKD 0.19 [1] Dividend Announcement - The board of directors announced an interim dividend for the 2025 fiscal year of HKD 0.12 per share, to be distributed to shareholders listed on the register as of August 15, 2025 [1]

智通财经7月30日电，恒隆地产上半年实现营收49.7亿港元，净利润9.12亿港元。 ...

EF003 免責聲明 | 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 | 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。 | | --- | --- | | | 股票發行人現金股息（可選擇以股份代替）公告 | | 發行人名稱 | 恒隆地產有限公司 | | 股份代號 | 00101 | | 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2025年6月30日止六個月之中期股息 | | 公告日期 | 2025年7月30日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.12 HKD | | 股東批准日期 | 不適用 | | 預設選項 | 現金 | | 代息股份信息 | | | 現金股息轉換為代息股份的價格 | 有待公佈 | | 寄發股票日期 | ...

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布的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公布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。 恒隆地產有限公司 HANG LUNG PROPERTIES LIMITED ﹙於香港註冊成立之有限公司﹚ ﹙股份代號︰00101﹚ 2025 年度中期業績 2025 年度中期業績 目錄 | | 頁 | | --- | --- | | 財務摘要 | 1 | | 業務回顧 | 2 | | 綜合財務報表 | 23 | | 綜合財務報表附註 | 26 | | 其他資料 | 36 | | 詞彙 | 38 | 2025 年度中期業績 財務摘要 以港幣百萬元計算（除另有註明） 業績 截至 6 月 30 日止六個月 | | | 2025 | | | | 2024 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 物業 | 物業 | | | 物業 | 物業 | | | | | 租賃 | 銷售 | 酒店 | 總額 | 租賃 | 銷售 | 酒店 ...

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布的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公布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。 董事會召開日期 恒隆地產有限公司（「本公司」）謹定於2025年7月30日（星期三）舉行董事會會議， 藉以批准（其中包括）本公司及其附屬公司截至2025年6月30日止六個月之中期業 績，以及考慮派發中期股息（如適用）。 承董事會命 公司秘書 馬婉華 恒隆地產有限公司 HANG LUNG PROPERTIES LIMITED （於香港註冊成立之有限公司） （股份代號﹕00101） 香港，2025年7月3日 於本公布日期，本公司董事會包括： 執行董事： 陳文博先生、盧韋柏先生及趙家駒先生 獨立非執行董事： 袁偉良先生、陳南祿先生、陳嘉正博士、馮婉眉女士及李天芳女士 ...

Company Overview - The company has organized investor visits to Hong Kong to conduct research on local developers and projects [1] - The retail revenue in mainland China has been under pressure, with a year-on-year decline of 14% and a quarterly decline of 11% in Q4 2024 [1] - There are signs of easing pressure in mainland shopping malls, with expectations of a narrowing decline in retail revenue compared to Q4 2023 [1] Mainland Market Insights - The overall consumption environment in mainland China is improving, which is expected to positively impact the company's retail performance [1] - The performance of mid-range shopping malls is anticipated to outperform high-end projects in Shanghai, particularly in competitive cities like Wuhan and Shenyang [1] - Rental income is expected to perform better than retail revenue due to the high fixed rental proportion, although a slight decline in rental income is anticipated for the year [1] Hong Kong Market Insights - The rental income from Hong Kong properties is projected to decline by 9% in 2024 due to adjustments in major tenant lease renewals, with a minor decline of 1-2% when excluding this impact [2] - The company is selling a luxury apartment in the Yu Feng project for HKD 160 million, which may help in capital recovery and stabilizing financial statements [2] - The sales of residential projects in Hong Kong are in a steady selling phase, contributing a smaller overall income and profit [2] Capital Expenditure and Debt Management - Capital expenditure is expected to peak in 2025 as projects in Hangzhou are completed, with a gradual decline anticipated thereafter [2] - The company is likely to continue its scrip dividend plan to alleviate net debt pressure, with a projected increase in net debt ratio by the end of 2025, remaining below 40% [2] Profit Forecast and Valuation - The profit forecast remains unchanged, with an upgraded target price of HKD 8 per share, reflecting a 13.6 times core P/E for 2025 and a 6.5% target dividend yield [3] - The company is currently trading at a 7.5% dividend yield, providing strong attractiveness in the current market environment [3] - The easing of fundamental pressures and the decline in HIBOR are expected to positively impact interest expenses [3]

Group 1 - CICC raised the target price for Hang Lung Properties (00101) by 8% to HKD 8, maintaining an "outperform" rating, reflecting unchanged profit forecasts for the company [1] - CICC expects the company's net debt ratio to rise slightly by the end of 2025 compared to 33.4% at the end of 2024, but will remain below 40% [1] - Retail sales in mainland China for Hang Lung Properties have been under pressure, with a year-on-year decline of 14% last year and an 11% drop in Q4 2024; however, the decline is expected to narrow in 2025 due to an improving consumption environment [1] Group 2 - Hong Kong's rental income is projected to decline by 9% in 2024 due to the renewal of large-scale leases in certain retail properties and offices; excluding this impact, the decline is expected to be only 1-2% [2] - Capital expenditures for the company are expected to peak in 2025, with a gradual decline starting in 2026 as projects in Hangzhou are completed [2] - The company is likely to continue its scrip dividend plan this year to alleviate net debt ratio pressure, with a reassessment of this plan's necessity expected in 2026 [2]

表格類別： 股票 狀態： 新提交 公司名稱： 恒隆地產有限公司 呈交日期： 2025年6月16日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00101 | 說明 | 不適用 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫 ...

| 記錄日期 | 2025年5月9日 | | --- | --- | | 股息派發日 | 2025年6月16日 香港中央證券登記有限公司 | | 股份過戶登記處及其地址 | | | | 皇后大道東183號 | | | 合和中心 | | | 17樓1712-1716號舖 | | | 灣仔 | | | 香港 | | 代扣所得稅信息 | | | 股息所涉及的代扣所得稅 | 不適用 | | 發行人所發行上市權證/可轉換債券的相關信息 | | | 發行人所發行上市權證/可轉換債券 | 不適用 | | 其他信息 | | | 其他信息 | 不適用 | | 發行人董事 | | | 於本公布日期，恒隆地產有限公司之董事會包括： | | | 執行董事： | | | 陳文博先生 | | | 盧韋柏先生 | | | 趙家駒先生 | | | 獨立非執行董事： | | | 袁偉良先生 | | | 陳南祿先生 | | | 陳嘉正博士 | | | 馮婉眉女士 | | | 李天芳女士 | | EF003 第 2 頁 共 2 頁 v 1.1.1 EF003 免責聲明 | 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 ...

恒隆 地 產有 限 公司 HANG LUNG PROPERTIES LIMITED (Incorporated in Hong Kong with limited liability) ( 於香港註冊成立之有限公司 ) (Stock Code 股份代號: 00101) N O T I F I C AT I O N L E T T E R 通知信函 May 19, 2025 Dear Non-registered Shareholder* , Hang Lung Properties Limited (the "Company") - Notice of Publication of Circular of Scrip Dividend Arrangement in relation to the Final Dividend for the year ended December 31, 2024 (the "Current Corporate Communication") We are pleased to inform you that the English and Chinese versions ...