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7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: | 九龍倉集團有限公司 | | | 呈交日期: | 2025年8月6日 | | | I. 法定/註冊股本變動 不適用 | | | 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 第 2 頁 共 10 頁 v 1.1.1 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） | 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) | | 00004 | 說明 | | | | | | | | | 股份期權計劃詳情 | | 上月底結存的股份期權數 目 | 本月 ...

格隆汇7月31日丨九龙仓集团(00004.HK)宣布，公司将于2025年8月12日(星期二)举行董事会会议，藉以 (其中包括)批准发放公司截至2025年6月30日止六个月的中期业绩公告，以及考虑派发一项中期股息(如 有)。 ...

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。 九龍倉集團有限公司 董事兼公司秘書 許仲瑛 代行 香港，二○二五年七月三十一日 於本公告日期，本公司董事會的成員為吳天海先生、徐耀祥先生、凌緣庭女士、陳國邦 先生和許仲瑛先生，以及七位獨立非執行董事陳坤耀教授、方剛先生、捷成漢先生、 羅君美女士、鄧日燊先生、謝秀玲女士和唐寶麟先生。 九龍倉集團有限公司 － 公告 (二○二五年七月三十一日) 董事會召開日 期 九龍倉集團有限公司（「本公司」）宣布，本公司將於二○二五年八月十二日 （星期二）舉行董事會會議，藉以（其中包括）批准發放本公司截至二○二五年六月 三十日止六個月的中期業績公告，以及考慮派發一項中期股息（如有）。 ...

Core Viewpoint - Shenzhen Textile (Group) Co., Ltd. is expected to report a significant decline in net profit for the first half of 2025, primarily due to falling product prices, rising procurement costs from yen exchange rate fluctuations, and increased R&D investments [2][4]. Trading Information Summary - As of July 11, 2025, Shenzhen Textile A (000045) closed at 10.73 yuan, down 3.16%, with a turnover rate of 3.4%, trading volume of 155,300 shares, and a transaction value of 166 million yuan [1]. - On the same day, the fund flow indicated a net outflow of 26.972 million yuan from main funds, accounting for 16.22% of the total transaction value, while retail investors saw a net inflow of 12.537 million yuan, representing 7.54% of the total [2][4]. Company Announcement Summary - The company announced a forecast for the first half of 2025, estimating a net profit attributable to shareholders of between 28 million yuan and 42 million yuan, which represents a year-on-year decline of 431% to 362% from the previous year's profit of 43.89 million yuan [2][4]. - The forecasted net profit after excluding non-recurring gains and losses is expected to be between 20 million yuan and 30 million yuan, reflecting a year-on-year decrease of 1489% to 4326% from the previous year's profit of 35.26 million yuan [2]. - The basic earnings per share are projected to be between 0.0553 yuan and 0.0829 yuan, compared to 0.0867 yuan per share in the same period last year [2].

Group 1 - As of July 7, 2023, the stock price of Wheelock and Company Limited (00004.HK) closed at HKD 24.600, marking a 0.41% increase from the previous trading day, with an intraday high of HKD 24.950, the highest in nearly a year [1] - On the same day, the net capital inflow was HKD 2.2043 million, with no specific data on capital inflow and outflow [1] Group 2 - Wheelock and Company Limited, established in 1886, is one of the oldest companies in Hong Kong and was among the first 30 companies included in the Hang Seng Index [2] - The company focuses on property development in Hong Kong and China, with a strong emphasis on luxury residential properties in prestigious locations [2] - The company has a land reserve of 3.9 million square meters in mainland China, primarily in six cities, with significant projects in Beijing, Shanghai, Suzhou, and Hangzhou [2] - The hotel division operates 16 hotels across Asia, including three modern Niccolo hotels and 13 Marco Polo hotels, with plans for two new Niccolo hotels to open in the next two years [2] - The logistics division consists of modern container terminals and air cargo facilities, which are essential for Hong Kong's role as an international trade and transportation hub [2]

Core Viewpoint - The China Securities Index for Hong Kong Stock Connect Real Estate has shown a mixed performance, with a recent increase over the past month but a decline over the last three months, indicating volatility in the real estate sector [2]. Group 1: Index Performance - The China Securities Index for Hong Kong Stock Connect Real Estate reported a 3.41% increase over the past month, a 0.88% decrease over the last three months, and a 7.81% increase year-to-date [2]. - The index was established on November 14, 2014, with a base value of 3000.0 points [2]. Group 2: Index Composition - The index includes a maximum of 50 eligible Hong Kong-listed companies that meet the real estate theme criteria [2]. - The top ten weighted companies in the index are: Sun Hung Kai Properties (13.77%), Beike-W (13.5%), China Resources Land (10.84%), Cheung Kong Property (7.94%), China Overseas Land & Investment (6.58%), Wharf Holdings (4.42%), Henderson Land Development (4.42%), Sino Land (4.26%), Wharf Real Estate Investment (3.23%), and China Resources Mixc Lifestyle (2.97%) [2]. Group 3: Market and Sector Allocation - The index's holdings are entirely composed of companies listed on the Hong Kong Stock Exchange, with a 100% allocation to the real estate sector [3][4]. - The index undergoes biannual adjustments every June and December, with provisions for temporary adjustments in special circumstances [4].

Core Viewpoint - The China Securities Index for Hong Kong Stock Connect Real Estate has shown positive performance, with a 2.32% increase over the past month, 5.66% over the past three months, and a 4.20% increase year-to-date [1]. Group 1: Index Performance - The China Securities Index for Hong Kong Stock Connect Real Estate reported a current value of 1491.62 points [1]. - The index was established on November 14, 2014, with a base value of 3000.0 points [1]. Group 2: Index Composition - The index includes a maximum of 50 eligible Hong Kong-listed companies that meet the real estate theme criteria [1]. - The top ten weighted companies in the index are: - Sun Hung Kai Properties (15.33%) - China Resources Land (11.68%) - Cheung Kong Property (8.89%) - China Overseas Land & Investment (7.48%) - Sino Land (4.72%) - Henderson Land Development (4.62%) - Wharf Real Estate Investment (4.57%) - Longfor Group (3.58%) - China Resources Mixc Lifestyle (3.32%) - Wharf Holdings (3.18%) [1]. Group 3: Market and Sector Allocation - The index's holdings are entirely composed of real estate companies, with a 100% allocation to the real estate sector [2]. - The index is exclusively composed of companies listed on the Hong Kong Stock Exchange, with a 100% allocation to this market [1].

Land Reserves and Property Development - As of the end of 2024, the group's land reserves in Hong Kong amount to approximately 2.8 million square feet, with about 550,000 square feet located on The Peak[5] - The group's unsold land reserves for development properties in mainland China stand at 1.2 million square meters, primarily consisting of commercial properties due to market oversupply[5] - The total developed and undeveloped inventory amounts to 1.2 million square meters, down from 1.4 million square meters as of December 31, 2023[47] - The group has not directly acquired new land since 2019, leading to a reduction in both sales projects and unsold inventory[47] - The land bank consists of 2.8 million square feet in Hong Kong and 1.2 million square meters in mainland China[129] Financial Performance - The group's revenue decreased by 36% to HKD 12.11 billion, primarily due to a decline in recognized sales from unsold development properties[19] - The operating profit fell by 18% to HKD 5.64 billion, reflecting weak performance across most segments[26] - The basic net profit decreased by 22% to HKD 2.80 billion, with a significant increase in impairment provisions for development properties to HKD 21.25 billion[19] - Total revenue fell by 36% to HKD 12.115 billion (2023: HKD 18.95 billion), with operating profit decreasing by 18% to HKD 5.644 billion (2023: HKD 6.896 billion) mainly driven by property development[96] - Revenue from property development dropped 74% to HKD 2.255 billion (2023: HKD 8.562 billion), while operating profit fell 61% to HKD 466 million (2023: HKD 1.202 billion)[96] - The net impairment loss on investment properties was HKD 5.999 billion (2023: HKD 1.617 billion), impacting the overall financial performance significantly[99] - Shareholders' attributable loss was HKD 3.224 billion (2023: profit of HKD 0.945 billion), with basic loss per share of HKD 1.05 (2023: earnings of HKD 0.31)[104] - The group's underlying net profit decreased by 22% to HKD 2.798 billion (2023: HKD 3.566 billion) primarily due to a decline in recognized sales and increased impairment provisions for properties in mainland China[95] Hotel Operations - The group operates 16 hotels under the brands Niccolo, Marco Polo, and Moko, with four fully owned and one with a 50% stake; a new hotel under the Hyatt brand is set to open in June 2024[6] - The hotel division experienced a decline in room rates due to increased competition and changing customer preferences[18] - The hotel division's revenue increased by 1% to HKD 610 million, but operating profit decreased by 90% to HKD 11 million[58] - The group plans to introduce the first Hyatt hotel in Central China at Changsha International Finance Center in June 2024[18] Economic Environment and Market Conditions - The overall economic environment remains challenging, with geopolitical risks and trade tensions affecting international capital flows and market sentiment[16] - The central government in mainland China has implemented significant monetary stimulus measures to stabilize the real estate market and promote domestic consumption[17] - Future outlook indicates potential economic volatility due to geopolitical tensions and the effectiveness of fiscal support measures in the mainland real estate sector[23] - The optimized "New Capital Investor Entry Scheme" has sparked strong interest from high-net-worth buyers in luxury properties in Hong Kong[17] Sustainability and Corporate Responsibility - The group has committed to establishing science-based carbon reduction targets and has submitted recent goals for verification to the Science Based Targets initiative (SBTi)[6] - The group received recognition as the third highest fundraising organization for the 2023/24 Community Chest and maintained its position in the Hang Seng Sustainable Development Index with an AA+ ESG rating[7] - The group has been recognized in the Hang Seng Sustainable Development Index series since 2014, highlighting its commitment to sustainable business practices[78] - The group aims to achieve carbon reduction and other environmental goals by 2030, aligning with global carbon neutrality agendas[83] - The group has identified significant climate-related risks, including acute risks from extreme weather events and chronic risks from long-term changes, which could impact operations and increase costs[81] - The group has secured over HKD 20.3 billion in sustainable finance loans to enhance environmental sustainability across various projects[86] Governance and Board Structure - The board consists of 12 directors, with 5 executive directors and 7 independent non-executive directors, ensuring a balanced skill set and diverse perspectives[140] - Female representation on the board is 25%, with 3 women among the 12 directors, reflecting the company's commitment to gender diversity[141] - Independent non-executive directors make up 58% of the board, enhancing independent judgment and governance[149] - The company has adopted a Nomination Policy to ensure a sustainable and diverse board composition, aligning with business needs[152] - The board will review the performance of independent non-executive directors annually to maintain their independence and effectiveness[151] - The company emphasizes the importance of a diverse board for achieving strategic goals and sustainable development[140] Risk Management and Internal Controls - The risk management and internal control committee plays a crucial role in overseeing the effectiveness of the group's risk management and internal control systems[184] - The audit committee is responsible for continuously monitoring and evaluating the effectiveness of the risk management and internal control systems, reporting to the board[183] - The group has established internal monitoring functions at all levels to prevent significant errors and omissions[185] - The risk management and internal control system is dynamic and integrated into daily operations, with clear delineation of responsibilities[186] - The group has implemented a whistleblowing policy to allow employees and stakeholders to report concerns confidentially without fear of retaliation[187] Shareholder Communication and Engagement - The company values transparent communication with shareholders and investors, aiming to provide timely and fair disclosure of key information[194] - The company holds at least one annual general meeting to interact directly with shareholders, allowing board members and management to address shareholder inquiries[199] - The company regularly updates its website with investor relations information, including performance announcements and presentations following interim and annual results[198] - The company has established a shareholder communication policy to ensure shareholders have access to clear and understandable information[196] - The company emphasizes shareholder privacy, protected under the Shareholder Communication Policy, and will not disclose shareholder information without consent unless legally required[200]

Core Viewpoint - The company reported a significant financial downturn, transitioning from profit to loss, primarily due to declining revenue from its mainland property development business and substantial impairment losses on investment properties [1][2]. Financial Performance - For the fiscal year 2024, the company's revenue decreased by 36% year-on-year, while operating profit fell by 18% [1]. - The company recorded a loss attributable to shareholders of HKD 32.24 billion, compared to a profit of HKD 9.45 billion in 2023 [1]. - The basic net profit for 2024 dropped by 22% to HKD 27.98 billion, attributed to reduced sales recognition from mainland property developments and increased impairment provisions [1][2]. Property Development and Sales - The signed sales amount for mainland development properties decreased to RMB 1.4 billion in 2024, down from RMB 2.6 billion in 2023 [2]. - The total developed and undeveloped inventory stands at 1.2 million square meters, including 400,000 square meters of completed non-residential properties with slow sales [2]. - The company has not purchased new land since 2019 and plans to continue selling existing residential inventory based on market conditions [2]. Investment Properties - The overall income from mainland investment properties fell by 4% to HKD 45.71 billion, with operating profit declining by 6% to HKD 29.83 billion [3]. - The company faces challenges in the office market due to oversupply and weak demand, leading to continued pressure on rental rates and occupancy [3]. Market Outlook - The company acknowledges that while government policies aim to stabilize the real estate market, the effectiveness and implementation of these policies remain uncertain [3]. - The company holds a 22% stake in Greentown China, which has been active in the market, allowing the company to participate indirectly [3]. - The company plans to maintain its strength and wait for the next market cycle to arrive, emphasizing the need for cautious investment in the current environment [3].

Financial Performance - The group's underlying net profit decreased to HKD 2.798 billion (2023: HKD 3.566 billion), equivalent to HKD 0.92 per share (2023: HKD 1.17 per share), primarily due to a reduction in recognized sales from property development in mainland China and an increase in impairment provisions to HKD 2.018 billion (2023: HKD 1.855 billion) [4] - The group recorded a loss attributable to shareholders of HKD 3.224 billion (2023: profit of HKD 0.945 billion), with a basic loss per share of HKD 1.05 (2023: basic earnings of HKD 0.31) [4] - Group revenue fell by 36% to HKD 12.115 billion (2023: HKD 18.95 billion), with operating profit decreasing by 18% to HKD 5.644 billion (2023: HKD 6.896 billion) [15] - The company reported a net loss of HKD 2,611 million for the year, compared to a profit of HKD 1,105 million in 2023 [47] - The group reported a total loss before tax of HKD 6,316 million for the fiscal year ending December 31, 2024, compared to a profit of HKD 2,195 million in the previous year [56] Revenue Breakdown - Revenue from property development in mainland China decreased to RMB 1.4 billion (2023: RMB 2.6 billion), with unrecognized sales at year-end dropping to RMB 0.6 billion (2023: RMB 2.3 billion) [7] - The overall revenue from investment properties fell by 4% to HKD 45.71 billion, with operating profit declining by 6% to HKD 29.83 billion [8] - Development property revenue plummeted by 74% to HKD 2.255 billion (2023: HKD 8.562 billion), with operating profit down 61% to HKD 466 million (2023: HKD 1.202 billion) [15] - The logistics infrastructure segment's overall revenue decreased by 7% to HKD 2.205 billion, with operating profit down 17% to HKD 315 million [10] - The investment property segment reported a revenue of HKD 4,644 million, down from HKD 4,843 million in the previous year, reflecting a decrease of about 4.1% [56] Impairment and Expenses - The net impairment loss on investment properties was HKD 59.9 billion (2023: HKD 16.17 billion) as of December 31, 2024 [17] - Other net expenses amounted to HKD 2.271 billion (2023: HKD 1.6 billion), primarily due to impairment provisions for mainland development properties [19] - The company recorded an impairment provision of HKD 16.04 billion for properties developed in mainland China, compared to HKD 4.89 billion in 2023 [71] - The group reported a net other expenses of HKD 22,731 million in 2024, compared to HKD 16,000 million in 2023, an increase of approximately 42.7% [70] Taxation and Equity - The group recorded a tax credit of HKD 3.705 billion (2023: tax expense of HKD 1.09 billion), mainly due to the reversal of deferred tax provisions related to past revaluation surpluses [22] - Shareholders' equity decreased by 4% to HKD 136.8 billion as of December 31, 2024, compared to HKD 143 billion in December 2023, equivalent to HKD 44.77 per share [26] - The group's total tax expense for the year was HKD 3.705 billion, compared to HKD 1.09 billion in 2023 [72] Assets and Liabilities - Total assets decreased to HKD 190,039 million in 2024 from HKD 204,877 million in 2023, reflecting a decline of 7.2% [49] - Total operating assets fell by 7% to HKD 179.6 billion, down from HKD 192.8 billion in December 2023, with real estate, logistics, and investment assets accounting for 69%, 8%, and 23% respectively [27] - Net debt decreased by 9% to HKD 7.1 billion, with a net debt to total equity ratio of 5.0% [34] Future Outlook and Strategy - The group expects significant economic fluctuations due to geopolitical tensions, trade wars, and changes in U.S. Federal Reserve interest rates [11] - The group will continue to focus on core competencies and prudent financial management to drive development amid complex market conditions [12] Dividends - The group declared a total dividend of HKD 0.40 per share for the fiscal year 2024, unchanged from 2023 [5] - The total declared and paid dividend per share for 2024 was HKD 0.40, totaling HKD 1.222 billion, consistent with the previous year [75] Employment and Compensation - The company employed approximately 6,400 staff as of December 31, 2024, with compensation based on market trends and performance [43] Meeting and Shareholder Information - The annual general meeting of Kowloon Warehouse Group Limited is scheduled for May 13, 2025, at 11:15 AM [82] - Share transfer documents must be submitted by May 7, 2025, at 4:30 PM to participate in the annual general meeting [83] - The record date for shareholders is set for May 8, 2025 [82]