Core Viewpoint - Lixin International (00191) reported a significant increase in net loss for the six months ending January 31, 2026, primarily due to property sales and fair value losses [2] Financial Performance - The company achieved a revenue of HKD 2.633 billion, representing a year-on-year increase of 1.4% [2] - The net loss attributable to shareholders was HKD 682 million, which is an increase of 453.4% compared to the previous period [2] - The loss per share was HKD 0.772 [2] Reasons for Loss - The increase in net loss was mainly due to the sale of a residential building (T1) and impairment losses related to properties in the Hengqin Innovation Phase II project [2] - The group also experienced fair value losses on investment properties and joint venture properties [2]

Core Viewpoint - Lixin International (00191) reported a significant increase in net loss for the six months ending January 31, 2026, primarily due to property sales and valuation losses [1] Financial Performance - The company achieved a revenue of HKD 2.633 billion, representing a year-on-year increase of 1.4% [1] - The net loss attributable to shareholders was HKD 682 million, which is an increase of 453.4% compared to the previous year [1] - The loss per share was HKD 0.772 [1] Reasons for Loss - The increase in net loss was mainly due to the sale of a residential building (T1) and impairment losses related to properties in the Hengqin Innovation Phase II project [1] - Fair value losses on investment properties and joint venture properties also contributed to the overall loss [1]

Financial Performance - The company's revenue for the six months ended January 31, 2026, was HKD 2,633 million, representing a 1.4% increase compared to HKD 2,597 million in the same period last year[3]. - The adjusted EBITDA for the group was HKD 407.2 million, down 21.7% from HKD 519.8 million in the previous year, primarily due to losses from the sale of residential properties[3][4]. - The net loss attributable to the company's owners was HKD 682.3 million, a significant increase from a net loss of HKD 123.3 million in the same period last year, driven by property sales losses and fair value losses on investment properties[4]. - The company reported a net loss of HKD 1,370,404,000 for the six months ended January 31, 2026, compared to a loss of HKD 298,690,000 for the same period in 2025, representing an increase in losses of approximately 359%[8]. - Total comprehensive income for the period was HKD 585,525,000, a significant improvement from a comprehensive loss of HKD 201,738,000 in the previous year[8]. - The adjusted net loss, excluding fair value changes and other non-cash items, was approximately HKD 219.5 million, slightly improved from HKD 228.7 million in the previous year[4]. Revenue Breakdown - Property development and sales contributed HKD 668 million, an increase of 8.2% from HKD 617 million year-on-year, while property investment revenue decreased by 7.2% to HKD 623 million[3]. - Total revenue for the group reached HKD 2,774.83 million, an increase from HKD 2,760.72 million in the previous year, reflecting a growth of approximately 0.5%[18]. - Revenue from property sales reached HKD 667,802,000, up from HKD 617,205,000, indicating an increase of about 8.2% year-over-year[20]. - The restaurant and catering segment generated revenue of HKD 667.80 million, up from HKD 617.21 million, marking an increase of about 8.5%[18]. - The hotel business experienced a loss of HKD 25.30 million, an improvement from a loss of HKD 41.86 million in the previous year[18]. - The media and entertainment segment's revenue was HKD 114.38 million, up from HKD 104.23 million, showing an increase of around 9.9%[18]. Asset Management and Sales - The group is actively pursuing asset sales, with a target of achieving total sales of HKD 8 billion over the next two years, including HKD 6 billion from the company and HKD 2 billion from its subsidiary[6]. - The net cash from the sale of properties is expected to be HKD 2.4 billion from the sale of interests in Surearn Profits Limited, anticipated to complete in Q2 2026[6]. - The company plans to achieve asset sales totaling HKD 8,000,000,000 over the next two years, with expected proceeds of approximately HKD 7,000,000,000 after completing the sales[55]. - The company is actively discussing the sale of other non-core assets to improve liquidity and strengthen its balance sheet[56]. Financial Stability and Liquidity - The group successfully refinanced bank loans totaling HKD 924 million and HKD 3,457 million during the reporting period, enhancing its financial stability[6]. - The company has plans to mitigate liquidity pressure and improve cash flow, including legal advice on the repayment of outstanding loans[14]. - The company’s total equity decreased to HKD 30,298,482,000 from HKD 31,104,847,000, reflecting a decline of approximately 2.6%[10]. - The company’s investment in joint ventures decreased significantly from HKD 4,804,796,000 to HKD 1,610,796,000, a drop of about 66%[9]. - The group successfully refinanced a bank loan amounting to HKD 3,049,300,000, with a one-year term that can be extended under certain conditions[15]. - The board reviewed cash flow forecasts and believes the group will have sufficient operating funds to meet financial obligations for the next twelve months[16]. Market Conditions and Outlook - The global economic outlook for 2026 anticipates GDP growth of approximately 3.3%, driven by resilient technology investments and private sector adaptability[37]. - The company emphasizes the importance of resilience as a foundation for its development amidst ongoing geopolitical risks and market volatility[37]. - Hong Kong's GDP grew by 3.5% in 2025, significantly higher than the 2.6% growth in 2024, supported by factors such as interest rate cuts in the US and a rebound in visitor numbers to 49.9 million, a 12% year-on-year increase[38]. - The office vacancy rate in Hong Kong was approximately 17.5% at the beginning of 2026, indicating a competitive market with oversupply, yet the group maintained an average occupancy rate of 90% or above in its office and retail leasing businesses[39]. Property Development and Projects - The company plans to launch new residential sales projects in Hong Kong in 2026 and aims to sell more residential buildings in Hengqin[6]. - The Bal Residence project achieved total sales of approximately HKD 830.2 million, with an average selling price of HKD 15,193 per square foot, reflecting a strong market response[42]. - The total sales area of the Bal Residence was about 62,148 square feet, including 156 residential units, all of which have been sold out[42]. - The construction of the residential project at Kowloon Tong is expected to be completed in the first half of 2026, providing approximately 46 units[43]. - The first phase of the Hengqin Innovation Hub has successfully established a significant industrial cluster with over 420 companies, focusing on cross-border e-commerce, new technology, and health industries[47]. Challenges and Strategic Responses - The company anticipates that 2026 will be a year filled with uncertainties due to geopolitical conflicts and challenges in the commercial real estate market in Hong Kong and mainland China[56]. - The cinema operations faced a 16% decline in box office revenue in 2025, marking the lowest level in 13 years due to changing consumer habits and high operational costs[51]. - The group is focusing on providing management services in the hotel sector, particularly in Shanghai, Guangzhou, Zhongshan, and Hengqin[126]. Governance and Management - The audit committee consists of three independent non-executive directors who reviewed the unaudited interim results for the six months ending January 31, 2026[150]. - The board of directors includes six executive directors and four independent non-executive directors, ensuring a diverse governance structure[150].

Group 1 - The core viewpoint of the article highlights the mid-term performance results of Lixin International (00191.HK) for its subsidiaries, Fengde Li Holdings and Lifeng Holdings [1] Group 2 - Fengde Li recorded an unaudited revenue of approximately HKD 354 million, with a profit attributable to owners of approximately HKD 9.33 million, resulting in a basic and diluted earnings per share of approximately HKD 0.005 [1] - Lifeng reported an unaudited revenue of approximately HKD 927 million, with a loss attributable to owners of approximately HKD 384 million, leading to a basic and diluted loss per share of approximately HKD 1.160 [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聯合公佈的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本聯合公佈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。 – 綜合營業額約為 354,442,000 港元 – 豐德麗之擁有人應佔綜合盈利約為 9,333,000 港元 – 豐德麗之擁有人應佔每股基本及攤薄盈利約為 0.005 港元 於麗豐業績公佈內，麗豐報告（包括其他事項），其董事會並無就財政期間宣派股息， 以及麗豐於財政期間錄得以下未經審核業績： 豐德麗業績公佈及麗豐業績公佈可於豐德麗www.esun.com及麗豐www.laifung.com， 以及香港交易及結算所有限公司www.hkexnews.hk各自之網站查閱。 承董事會命 麗新製衣國際有限公司 主席 林建岳 承董事會命 麗新發展有限公司 主席 林建岳 (股份代號︰191) (股份代號︰488) 聯合公佈 豐德麗控股有限公司 及 麗豐控股有限公司 截至二零二六年一月三十一日止六個月之 年一月三十一日止六個月之 未經審核中期業績 麗新製衣國際有限公司（「麗新製衣」）及麗新發展有限公司（「麗新 ...

Core Viewpoint - Lixin International (00191.HK) anticipates a significant increase in comprehensive losses for the six months ending January 31, 2026, projecting losses between approximately HKD 600 million to HKD 700 million, compared to a loss of about HKD 123 million in the same period last year [1] Financial Performance - The increase in losses is primarily attributed to: 1. Losses incurred by Lifen Group from the sale of a residential building in Hengqin Innovation Phase II and the write-down of properties in the same phase 2. Fair value losses on investment properties 3. Fair value losses and impairment losses on joint venture properties [1][1][1] Market Activity - As of March 20, 2026, Lixin International's stock closed at HKD 0.69, reflecting a decline of 5.48%, with a trading volume of 2,000 shares and a transaction value of HKD 1,340 [1] - The company has a market capitalization of HKD 645 million and ranks 87th in the real estate development sector II [1]

Core Viewpoint - Lishin International (00191.HK) expects a significant increase in comprehensive losses for the six months ending January 31, 2026, with estimated losses between approximately HKD 600 million to HKD 700 million, compared to a loss of about HKD 123 million in the same period last year [1] Group 1 - The increase in losses is primarily attributed to the following factors: - Losses incurred by Lihong Group from the sale of a residential building in Hengqin Innovation Phase II and the write-down of properties in Hengqin Innovation Phase II [1] - Fair value losses on the group's investment properties [1] - Fair value losses and impairment losses from joint venture properties [1]

Core Viewpoint - Lixin International (00191) anticipates a significant increase in net loss for the six months ending January 31, 2026, projecting a loss between approximately HKD 600 million to HKD 700 million, compared to a net loss of about HKD 123 million in the same period last year [1] Group 1 - The increase in loss is primarily attributed to the following factors: (i) Lifen Group incurred losses from the sale of a residential building in the second phase of Hengqin Innovation Project and the write-down of properties in the same phase [1] - The company experienced fair value losses on investment properties during the review period [1] - There were also fair value losses and impairment losses from joint venture properties [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佈的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不對因本公佈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。 盈利警告 本公佈乃由本公司根據上市規則第 13.09 條及證券及期貨條例第 XIVA 部項下之 內幕消息條文而發出。 董事會謹此知會股東及潛在投資者，根據本集團之初步未經審核綜合管理賬目， 預期截至二零二六年一月三十一日止六個月之本公司擁有人應佔綜合虧損將介乎約 600,000,000港元至700,000,000港元，相較去年同期之本公司擁有人應佔綜合虧損約 123,000,000港元。虧損增加主要由於在回顧該期間內(i)麗豐集團因出售橫琴創新方 第二期的一幢住房大樓及撇減橫琴創新方第二期的物業而產生虧損；(ii)本集團之 投資物業公平值虧損；及(iii)合營公司物業公平值虧損及減值虧損。 股東及潛在投資者於買賣本公司股份時務請審慎行事。 本公佈乃由麗新製衣國際有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交易所有限公司證券上市規則（「上市規則」）第 13.09 條及證券及 期貨條例 ...

Group 1 - The company, Lixin International (00191.HK), will hold a board meeting on March 27, 2026, to consider and approve the unaudited interim results for the six months ending January 31, 2026, as well as the declaration of an interim dividend if applicable [1]