Core Viewpoint - Hang Lung Group (00010) reported a decline in total revenue for the fiscal year 2025, primarily driven by a significant drop in property sales revenue, indicating challenges in the real estate market [1] Group 1: Financial Performance - Total revenue decreased by 11% to HKD 10.414 billion, mainly due to property sales revenue falling by 83% to HKD 264 million [1] - Overall operating profit remained stable at HKD 6.836 billion, while property leasing revenue and operating profit both declined by 2% to HKD 9.853 billion and HKD 6.972 billion respectively [1] - Basic net profit attributable to shareholders increased by 3% to HKD 2.407 billion, with basic earnings per share at HKD 1.77 [1] Group 2: Property and Rental Performance - The rental rates for retail and office properties improved significantly, reaching 95% and 90% respectively by year-end, due to targeted measures and a multi-currency strategy to retain tenants [2] - The residential and serviced apartment business experienced steady growth, with rental rates and income increasing by three percentage points and 6% year-on-year, supported by the government's talent immigration program [2] Group 3: Hotel Operations - Hotel revenue rose by 57% to HKD 297 million, with operating losses narrowing by 46% to HKD 34 million after accounting for asset depreciation [1]

计及10.37亿港元股东应占物业之净重估亏损(2024年：7.14亿港元)后，集团录得13.70亿港元股东应占纯 利(2024年：16.13亿港元)，相应每股盈利为1.01港元(2024年：1.18港元)。 香港方面，公司采取针对性措施及多港元化策略留住租户，带动零售和办公楼物业组合租出率明显改 善，于年底分别升至95%和90%。在政府人才入境计划带动下，住宅及服务式寓所业务增长稳健，租出 率和收入按年分别上升三个百分点和6%。 智通财经APP讯，恒隆集团(00010)发布2025年度全年业绩，集团总收入较去年下跌11%至104.14亿港 元，跌幅主要由物业销售收入下降83%至2.64亿港元所致。整体营业溢利维持稳健于68.36亿港元。物业 租赁收入及营业溢利均下跌2%，至98.53亿港元及69.72亿港元，主要因为内地办公楼租赁市场仍然疲 弱，而且香港经济复苏缓慢。受酒店物业组合扩展规模带动，酒店收入上升57%至2.97亿港元，而营业 亏损计及资产折旧后收窄46%至3,400万港元。末期息0.65港元。 股东应占基本纯利上升3%至24.07亿港元。物业销售亏损收窄足以抵销物业租赁营业溢利下跌，以及资 本化利 ...

Group 1 - The core viewpoint of the news is that Hang Lung Group (00010.HK) reported a decline in total revenue for the fiscal year 2025, primarily due to a significant drop in property sales revenue [1] - Total revenue decreased by 11% to HKD 10.414 billion, with property sales revenue falling by 83% to HKD 264 million [1] - Overall operating profit remained stable at HKD 6.836 billion, while rental income and operating profit from property leasing both decreased by 2% to HKD 9.853 billion and HKD 6.972 billion respectively, attributed to a weak office leasing market in mainland China and a slow economic recovery in Hong Kong [1] Group 2 - Hotel revenue increased by 57% to HKD 297 million, with operating losses narrowing by 46% to HKD 34 million after accounting for asset depreciation [1] - Shareholders' basic net profit rose by 3% to HKD 2.407 billion, with losses from property sales narrowing enough to offset the decline in property leasing operating profit and increased financial expenses due to reduced capitalized interest [1] - After accounting for a net revaluation loss of HKD 1.037 billion on properties attributable to shareholders (compared to HKD 714 million in 2024), the group recorded a net profit attributable to shareholders of HKD 1.370 billion, with earnings per share at HKD 1.01 [1] Group 3 - The company's board of directors proposed a final cash dividend of HKD 0.65 per share for the fiscal year 2025, which is the same as the previous year [2] - The proposed final dividend is subject to approval at the annual general meeting scheduled for April 30, 2026, and will be distributed to shareholders listed on the register as of May 8, 2026 [2]

EF001 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公告 | | | 發行人名稱 | 恒隆集團有限公司 | | 股份代號 | 00010 | | 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12月31日止年度之末期股息 | | 公告日期 | 2026年1月30日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 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12月31日 | | 宣派股息 | 每 股 0.65 HKD | | 股東批准日期 | 2026年4月30日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.65 HKD | | 匯率 | 1 HKD : 1 HKD ...

2025 年度全年業績 ﹙股份代號︰00010﹚ 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。 恒隆集團有限公司 HANG LUNG GROUP LIMITED ﹙於香港註冊成立之有限公司﹚ 2025 年度全年業績 目錄 | | 頁 | | --- | --- | | 財務摘要 | 1 | | 業務回顧 | 2 | | 綜合財務報表 | 27 | | 綜合財務報表附註 | 30 | | 其他資料 | 40 | | 詞彙 | 42 | 2025 年度全年業績 財務摘要 業績 | | 2025（港幣百萬元） | | | | 2024（港幣百萬元） | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 物業 | | 物業 | | 物業 | | 物業 | | | 租賃 | 酒店 | 銷售 | 總額 | 租賃 | 酒店 | 銷售 | 總額 | | 收入 9,853 | 297 | 264 | 10 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年12月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 恒隆集團有限公司 | | | | 呈交日期: | 2026年1月6日 | | | | I. 法定/註冊股本變動 不適用 | | | | | 備註： | | | | | 恒隆集團有限公司並無法定股本，及其股本並無股份面值。 | | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00010 | 說明 | 不適用 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 ...

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。 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 非執行董事： 陳樂宗先生、張家騏先生及陳仰宗先生 獨立非執行董事： 葉錫安先生、廖柏偉教授、徐立之教授、廖長江先生及陳秀梅女士 董事會召開日期 恒隆集團有限公司（「本公司」）謹定於2026年1月30日（星期五）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12月31日止年度之全年業 績，以及考慮派發末期股息之建議（如適用）。 承董事會命 公司秘書 馬婉華 香港，2026年1月2日 恒隆集團有限公司 HANG LUNG GROUP LIMITED （於香港註冊成立之有限公司） （股份代號﹕00010） ...

Core Viewpoint - The announcement of CEO Lu Weibao's retirement by Hang Lung Group and Hang Lung Properties marks a significant transition as the company enters a new management era led by Chen Wenbo, amidst ongoing challenges in the real estate sector and a strategic shift towards optimizing existing assets [2][5]. Group 1: Management Transition - Lu Weibao will retire by August 31, 2026, and will continue to provide advisory support to the group [2]. - The transition follows the retirement of former chairman Chen Qizong in 2024, indicating a shift to a third-generation management team centered around Chen Wenbo [5]. - Chen Wenbo, who has been rapidly implementing the "Hang Lung V.3" strategy, is expected to lead the company through its transformation from "heavy asset expansion" to "asset optimization" [5][9]. Group 2: Financial Performance and Market Challenges - Hang Lung Properties reported a 2% decline in rental income from mainland properties to HKD 31.99 billion for the first half of 2025, with flagship project Shanghai Hang Lung Plaza's occupancy rate dropping from 100% to 98% [8]. - The company's stock price has halved from over HKD 18 in 2019 to around HKD 8, reflecting significant market pressure [5][8]. - The retail sector has faced compounded challenges since 2021, with a notable decline in luxury consumption impacting the company's performance [8]. Group 3: Strategic Shifts - The company has announced a strategic shift, no longer distinguishing between "high-end" and "mid-range" shopping centers, indicating a more flexible approach to market demands [8]. - Chen Wenbo's leadership has seen the acquisition of long-term rental projects in key cities, expanding retail space while focusing on existing assets rather than new city expansions [9][10]. - The V.3 strategy aims to leverage core business districts' value while addressing the need for renovation and modernization of older properties [10][13]. Group 4: Future Outlook and Challenges - The new management team faces challenges including uncertain retail growth and a competitive office market, with a 5% decline in office income reported for the first half of 2025 [9][10]. - The transition to a light-asset model will require significant investment in property renovations, posing risks related to cost overruns and project timelines [10]. - The ability of the new CEO to maintain strategic continuity and effectively respond to market dynamics will be crucial for the company's transformation and investor confidence [12][14].

Group 1 - The CEO and Executive Director of Hang Lung Group, Weber Lo, will retire by August 31, 2026, and the board is currently conducting a comprehensive selection process for his successor [2] - Chairman Chen Wenbo expressed gratitude for Weber's visionary leadership and contributions, highlighting the successful implementation of the V.3 strategy, which is expected to drive growth for decades [2] - Weber Lo stated that his retirement is part of a personal plan to explore new chapters in life, reflecting on his eight years at Hang Lung as a golden period marked by significant strategic initiatives and brand strengthening [2] Group 2 - The company has enhanced its brand '66' and launched major strategies, including expanding collaborations with luxury brands across multiple cities [2] - A comprehensive customer relationship management program has been implemented to improve customer service, and a strong team aligned with the company's vision and values has been established [2] - The opening of Hang Lung Plaza in Hangzhou is anticipated in April 2026, coinciding with the 66th anniversary of Hang Lung, indicating the company's readiness for its next development chapter [2]

Group 1 - The core point of the article is the announcement that Mr. Lu Weibao will retire by August 31, 2026, and will no longer serve as the Group's Chief Executive Officer and Executive Director [1]